The withdrawal of cash at a trader soon framed

MIL OSI Translation. Region: France and French Territories –

Source: Republic of France in French

Credits: © SkyLine – Fotolia.com

A law regulates the "cash back", withdrawal of cash by a consumer who makes a purchase of goods or services from a merchant. An implementing decree on the minimum amount of the purchase transaction and the maximum amount that may be awarded in this context is expected for the autumn.

Law 2018-700 of August 3, 2018 ratifying Ordinance No. 2017-1252 of August 9, 2017 transposing a European directive of 2015 on payment services in the internal market frames the practice of "cash back". This practice is for traders to deliver cash to customers paying by credit card for an amount greater than the purchased good. For example, a customer makes purchases for 60 € in a store, pays 100 € per card and recovers 40 € in cash. This is only a possibility for traders and not an obligation.

The conditions provided for by law are as follows:

To be a trader offer the service incidentally to the sale of a good or a service; at the express request of the buyer acting for non-professional purposes; respect a prior information of the consumer (marking or display) on the conditions of the operation.

Payments by check or made by means of paper vouchers (gift vouchers, holiday vouchers, etc.), special payment instruments (for example, prepaid cards) or dematerialized special payment vouchers can not give rise to supply. species.

EDITOR'S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.