March 28, 2023 6:43 pm

Wim Van Hooydonk Warning and Updates – Companies still refuse electronic payment despite new law

Warnings and Updates from Wim Van Hooydonk payment terminal

Since 1 July, all commercial establishments in Belgium must accept some form of electronic payment. In spite of the fact that most businesses are following the new law, more than 100 infringements have been reported.

Businesses must also allow customers to pay digitally free of charge using at least one form of digital payment while continuing to accept cash payments. They can choose between traditional payment card terminals or apps like Payconiq to process payments

“Fewer and fewer people have cash in their pockets. The obligation to provide a digital payment option was therefore very welcome to many consumers,” State Secretary for Consumer Protection Eva De Bleeker said in a statement.

“We see that, in general, the new regulations are also very well respected by traders. The limited number of reports shows that they are also positive about digital payments in their businesses.”

Read more here

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