The seller will not be able to refuse to accept the payment in cash – according to the law signed by President Andrzej Duda. There are, however, some exceptions to the law. The obligation will not apply, inter alia, in a self-service place without the presence of staff or during a mass event, provided that such information is included in the regulations.
“On September 28, 2021, President Andrzej Duda signed the Act of September 17, 2021 Amending the Payment Services Act. The purpose of the Act is to regulate the legal status of acceptance of notes and coin issued by the National Bank of Poland” – wrote in the release published on Thursday. President of the Republic of Poland.
Cash payments without refusal. There are exceptions
The President of the National Bank of Poland addressed the President of the Republic of Poland with a proposal to amend the Act on Payment Services and to regulate the issue of cash acceptance.
– The legal analysis we conducted showed that despite the regulation in the Act on the NBP that “notes and coins issued by the NBP are legal tender in the territory of the Republic of Poland” in the current legal state, there is no unconditional obligation to accept payment in these payment marks by the NBP, i.e. in banknotes and coins issued by the central bank – previously translated by Paweł Mucha, social advisor to the President of the Republic of Poland and advisor to the President of the National Bank of Poland, Adam Glapiński.
Pursuant to the Act, the obligation to accept cash will not be used in online sales, in a self-service place without the presence of staff, during a mass event, provided that such information is included in the regulations, and also above the established limit of a one-time transaction. The seller will not be able to charge you an additional cash payment fee.
The Chancellery of the President informed that the new regulations will enter into force 30 days after their announcement.
Criticism of entrepreneurs
The Federation of Polish Entrepreneurs did not spare any criticism of this initiative.
“This law would solve a problem that does not existwhile creating some new problems. Cash payments are already widely available to consumers and accepted by entrepreneurs – exceptions to this rule are only incidental. Striving for an even more widespread dissemination of cash would mean increasing the already significant costs associated with servicing this form of payment “- the organization assessed a few months ago.
FPP cited the results of a survey conducted by the NBP. It shows that the total costs of payment instruments incurred jointly by consumers, entrepreneurs, commercial banks and the central bank in 2015 amounted to PLN 31.2 billion, i.e. 1.74 percent. Gross Domestic Product.
“More than 72 percent of these costs were incurred in connection with cash turnover – despite the fact that transactions involving cash at that time constituted only 7.7 percent of the total value of retail payments made” – reads the organization’s announcement.
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