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5mo ago

EU Cash Limits and Germany’s Payment Mandates Reshape Transaction Landscape

New EU cash ceilings and Germany's dual-payment mandate aim to combat fraud, but implementation challenges and rising retailer costs spark industry debate.

Der Artikel behandelt die Risiken und rechtlichen Aspekte beim Erben von Schulden, Waffen und steuerlichen Vergehen, sowie die Fristen und Verfahren zum Ausschlagen von Erbschaften.
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Overview

  • The EU has implemented cash transaction limits, requiring data disclosure for payments over €3,000 and banning cash transactions above €10,000 to curb money laundering.
  • Germany's coalition government is finalizing legislation mandating businesses to accept both cash and at least one digital payment method to ensure payment choice and tackle tax evasion.
  • Retailers face growing operational costs, including €17.23 million in card-processing fees in 2023, as ATM closures shift cash-handling responsibilities onto them.
  • Industry groups are divided, with Dehoga seeking exemptions for small businesses, HDE criticizing the mandate as limiting true choice, and bakers advocating for caps on cash-handling fees.
  • Consumer preferences show generational divides, with younger Germans favoring digital payments while older generations remain attached to cash options.