The Financial Commission will propose regulation of commission collection for use of POS in businesses

Deputy Dania González, president of the Financial Commission, explained that the fifth act of financial justice that will be promoted will be to regulate the charging of commissions for the use of credit or debit card readers (POS, Point of Sale, for its acronym in English) that banks make to each commercial establishment.

González pointed out that there are currently banks that charge up to 9% commissions to each establishment that has a POS to make electronic payments.

The deputy mentioned that they are going to present a proposal for a special law that regulates the maximum percentage amount that banks may charge establishments.

She pointed out that there are cases in which the cost of a product or service paid in cash is less than that paid with a credit or debit card due to the commission that is applied.