Debit card

Using another bank’s ATM to cost 2-3 euros from July 20

Greek holders of debit cards making withdrawals from cash machines of other banks will as of July 20 be charged a commission that will range from 2 to 3 euros per transaction.

This will bring these charges into line with those imposed since last summer on foreign bank clients using Greek cash machines.

Bulgarian Start-up, Created Last Year, has Attracted BGN 1 Million of Investment

The Bulgarian start-up company, Payhawk, has attracted investments of 1 million leva after a new round of financing. The financial technology company, which offers digital cost management solutions for small businesses has 9 different investors, reports money.bg

Required online payments to rise

Taxpayers will have to increase their annual transactions made via credit/debit cards or e-banking by up to 50 percent, or face a hefty fine that will depend on the level of their income.

Kathimerini understands the regulation that will raise the minimum amount of online transactions toward the tax-free amount will be submitted to Parliament at the start of 2019.

Expansion of card terminals in businesses

Dozens more professions will soon be forced to install and operate credit and debit card terminals. Sources say the Finance Ministry is expanding the obligation of accepting card payments to more professionals in a decision to be published by the end of the year, and that businesses included in the measure will have a three-month grace period for compliance.

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