- Hungary’s official gazette announced a law amendment requiring stores to accept cash payments.
- The law is effective from July 1, 2025.
- Businesses must ensure customers can pay with cash without refusal.
- Cash payments can be made in-store, at a point of sale, via ATM, or cash on delivery.
- Yellow checks or account deposits are also accepted as cash payments.
- Exceptions include online subscriptions, cross-border online sales, and automated cashless stores.
- The National Trade Association criticized the regulation, citing impracticality and high costs for some sales channels.
- Concerns include technological challenges and potential service cessation for smaller businesses.
- Retailers must offer cash payment options, such as in-store or cash on delivery.
- The regulation does not apply to online subscriptions, cross-border sales, or cashless stores.
- The association argues the regulation overlooks the trend towards electronic payments.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
