Pay by card: why it is no longer just green-code green? – TVI24

If you shopped with the ATM card in recent weeks you may have noticed that now you need to click once more on the buttons beyond the green-code green. It’s because? Because you have to choose whether to make the purchase through brand ATM or another international brand such as Visa, MasterCard or American Express, for example. Some have suspected the change and it would cost. SIBS, which manages the ATM network, came so issue a clarification, wanting to reassure consumers:. “This selection has no implications for the customer” and is only comply with European rules

” the credit payment will only be made if the customer uses a card with this mode to perform the operation. if the card is debit, the operation is always performed in this mode, with consumers only choose to purchase through the EFTPOS brand or another international brand (Visa, MasterCard or American Express, for example). the customer can continue to make the payment through the “green code green” you are used to and there is no implication in your payment. “

it would stress the same clarification SIBS that the option given to the consumer is not therefore between the operation is carried out debit or credit, but between the selected.

There are cases where the payment terminal prompts the consumer to choose, but others where it does not. It is that if the card or payment terminal only accept a brand is, there is no choice to make and dispenses up, then this step.

SIBS advises merchants and consumers who have questions to contact their bank or payment institution. While directing that there are no costs for customers, is silent as to merchants who already know, usually pay commissions on payments received by ATM.

Business Journal, the Hospitality Association, Restoration and Similar of Portugal, known for AHRESP, noted that the merchant charges may vary precisely according to the payment channel that is chosen by customers. The rates vary between 0.8% and 1.1% which may have implications for the final invoice to be paid by companies.

Changing course now stems from a European regulation of exchange cards rates dated April 29, 2015, in the name of transparency and competition in the European card market with a standardization of the use of cards and respective terminals. There have been implemented in national ATM network.