Small businesses dodge card payments

Small enterprises use all kinds of excuses in a bid to be paid in cash instead of by credit or debit card, because they don't want to have any sums in their bank accounts that could be confiscated due to their debts, the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) revealed at a press conference in Athens on Tuesday.

Excuses about broken card terminals (PoS), technical problems or the internet not working are unfortunately familiar to any Greek or tourist who has tried to make a card payment at a small business in this country. As GSEVEE officials reminded journalists at the press conference, enterprises are not allowed to have a bank account that is protected from confiscation, and the use of a card terminal requires the use of a bank account.

A survey by the Institute of Small Enterprises of GSEVEE showed yesterday that small companies...

Continue reading on: