"We find it absolutely odd that the subject of fines on the POS has become the matter requiring the greatest attention in the budgetary agenda. Electronic money's biggest drawback isn't regulation, but rather, transaction costs." This is what Confesercenti, an Italian trade group that represents companies in commerce, tourism, services, crafts, and small industry, is worried about Confesercenti explained yesterday that "a tobacconist who renews a 50 euro car tax makes a profit of 1 euro. Commissions from using a credit card to pay for the stamp duty or any other bulletin effectively nullify any benefit. A fuel supply of 50 euros paid for with certain credit cards even reduces the filling station's profit below zero. The acceptance of electronic payments is seen to be the best way to prevent tax evasion. But the fees for all POS and credit card transactions under 50 euros must be eliminated, while keeping the penalties".
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