Pos fines, for those who will not accept electronic payments: here is when the penalties will be triggered and how they will work

MILANO – The government accelerates on the digitization of payments and the fight against cash. With the decree approved yesterday, the executive anticipated the entry into force of the sanctions for merchants who refuse to accept payments through Pos, that is, with debit cards, credit cards or other digital tools. The measures, whose entry into force was scheduled for next January, will take effect from 30 June

How the fines will work

The law, modified last year by the Draghi government, provides for a fine of 30 euros plus 4% of the value of the transaction and does not only concern traders but all those who offer products and services to the public, including professionals, such as doctors, or taxi drivers.

The thresholds

Unlike what was expected in the past. The rule approved last year provides that there is no minimum payment threshold under which the penalty is not triggered. In other words, from June 30th, under penalty of a fine, merchants will be obliged to accept digital payments for any type of amount.

The long process

It was the Monti government, in 2014, that was the first to impose the obligation for merchants to accept digital payments and two years, setting the minimum amount at 30 euros and without providing for penalties in case of refusal. Two years later the Renzi government had raised the threshold from 30 to 5 euros, but without the entry into force of any fine for traders. The provision of the sanctions was triggered only with the decree 124/2019, under the Conte government, without the measures becoming operational, however, and after the Council of State in 2018 had expressed itself negatively on a decree scheme that introduced the measures. Only last December, with the decree 152/2021, had the official debut arrived, scheduled for 1 January 2023, now brought forward to 30 June 2022.