{"id":2734,"date":"2016-11-29T13:09:27","date_gmt":"2016-11-29T11:09:27","guid":{"rendered":"http:\/\/www.contexpert.ro\/?p=2734"},"modified":"2016-12-08T13:47:32","modified_gmt":"2016-12-08T11:47:32","slug":"obligatii-noi-pentru-comercianti-din-2017-nerespectarea-va-fi-sanctionata-sever","status":"publish","type":"post","link":"http:\/\/www.contexpert.ro\/en\/ultimele-stiri\/obligatii-noi-pentru-comercianti-din-2017-nerespectarea-va-fi-sanctionata-sever","title":{"rendered":"New obligations for retailers from 2017: Non compliance will be severely sanctioned"},"content":{"rendered":"<p>Retailers that still do not accept card payments must initiate procedures for installing POS <strong>as from the first day of next year, otherwise will be sanctioned with fines of up to 7,500 lei.<\/strong><\/p>\n<p>Banks have also the obligation to put into operation the necessary infrastructure within 30 days from the date of request, otherwise, risking fines of up to 50,000 lei.<\/p>\n<p><strong>These new obligations are provided\u00a0 by law 209\/2016, which will apply from 1 January 2017 and is targeting all retailers with an annual turnover of over EUR 10,000.<\/strong> Thus, the annual turnoever provided by the law for payment by debit and credit cards will drop 10 times comparing to the current threshold of EUR 100,000.<\/p>\n<p>Also, companies providing public utility services, and public institutions, including those that collect taxes, fees, fines, interest, penalties and other obligations have to accept card payments.<\/p>\n<p><strong>The stores become ATMs.<\/strong><\/p>\n<p>The law also states the option <strong>to withdraw cash up to 200 lei from retailers accepting card payments.<\/strong><\/p>\n<p>Therefore, <strong>the retailers who opt for granting cash through payment terminals at the request of customers will charge for this service a commission not exceeding 1% of the advance granted.<\/strong> These transactions are assimilated to cash withdrawals from ATMs, the cardholder will pay for these cash withdrawal a fee established under contract with the bank.<\/p>\n<p>Retailers must display a visible sign in case they opt to grant this service, as well as information on costs.<\/p>\n<p><strong>If the amount in the cashier is less than 200 lei the retailer will grant the available amount of cash.<\/strong><\/p>\n<p>The infrastructure and the facilities for providing cash advances through payment terminals must be installed <strong>by banks in maximum 90 days<\/strong> from the request.<\/p>\n<p><strong>Sanctions and fines for non compliance:<\/strong><\/p>\n<ul style=\"list-style-type: circle;\">\n<li>public institutions and companies providing public utility services that do not accept card payments &#8211; fines between 20,000 and 50,000 lei<\/li>\n<li>retail companies with annual turnover exceeding EUR 10,000 that do not accept card payments &#8211; fines between 5,000 and 7,500 lei<\/li>\n<li>not displaying the sign on granting cash advances, and lack of information on its costs &#8211; fines between 5,000 and 15,000 lei<\/li>\n<li>banks that refuse to install, within 30 days from the request, payment terminals &#8211; fines between 20,000 and 50,000 lei<\/li>\n<li>banks that do not provide the infrastructure and the facilities for providing cash advances through payment terminals &#8211; fines between 20,000 and 50,000 lei<\/li>\n<li>retailers that use of payment terminals that are not installed according to the law, as well as the damage or technical modification of payment terminals that can cause errors or fraud &#8211; fines between 5,000 and 15,000 lei<\/li>\n<\/ul>\n<p>The Ministry of Finance shall issue the implementing rules of the law in maximum 30 days after it comes into force.<\/p>","protected":false},"excerpt":{"rendered":"<p>Retailers that still do not accept card payments must initiate procedures for installing POS as from the first day of next year, otherwise will be sanctioned with fines of up to 7,500 lei. Banks have also the obligation to put into operation the necessary infrastructure within 30 days from the date of request, otherwise, risking [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[873,872,635],"_links":{"self":[{"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/posts\/2734"}],"collection":[{"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/comments?post=2734"}],"version-history":[{"count":0,"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/posts\/2734\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/media?parent=2734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/categories?post=2734"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.contexpert.ro\/en\/wp-json\/wp\/v2\/tags?post=2734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}