The Limited Times

Now you can see non-English news...

Shopping 2023: No more EC cards! Kaufland reveals the consequences for customers

2023-01-11T09:02:48.354Z


Shopping 2023: No more EC cards! Kaufland reveals the consequences for customers Created: 01/11/2023 09:56 By: Dominik Jahn For customers and retailers, the end of the Maestro system in 2023 means a change. With Kaufland, a food company has commented on the consequences for shopping. Some dealers will probably have to reckon with additional costs. Many topics related to the food trade have rec


Shopping 2023: No more EC cards!

Kaufland reveals the consequences for customers

Created: 01/11/2023 09:56

By: Dominik Jahn

For customers and retailers, the end of the Maestro system in 2023 means a change.

With Kaufland, a food company has commented on the consequences for shopping.

Some dealers will probably have to reckon with additional costs.

Many topics related to the food trade have recently been discussed.

Some companies have already commented on certain points.

When asked by

echo24.de

, there were clear guidelines in November 2022 for a possible mask requirement when shopping at Kaufland and Lidl.

And there has also been speculation about possible consequences for customers after leaving the Maestro card.

From July 2023, the Maestro function for new giro cards will no longer be available.

The problem: In some shops, the EC card is the only accepted cashless payment method.

Most recently, the savings bank presented its planned successor to the popular card - the new savings bank card.

But what about the switch to retailers such as Kaufland, Lidl and Co.?

End of the Maestro function when shopping: retailers have to change

According to the

Handelsblatt

, the reports about the end of the Maestro function of the giro card had "startled" many traders.

For some of them, the change means a conversion of the payment system - and thus possibly additional costs.

Company:

Kaufland

Head office:

Neckarsulm

Founding:

1984 in Neckarsulm

Sales: \t

21 billion euros (2019)

According to the report:

“Anyone who already has a card reader simply has to activate it to accept credit cards.

This usually requires an additional contract (supplement), since credit card payments are often processed via a different service provider (acquirer) than EC payments

”.

This will incur additional costs for some retailers.

But what about the large grocers in the Schwarz Group?

What is in store for Kaufland and Lidl?

Off for Maestro card: This is how Kaufland deals with the changeover

Kaufland spoke to echo24.de

about

the changeover and possible consequences for customers and the company.

Accordingly, over time, the

“offer has been expanded in line with technical developments and consumer expectations”

.

According to their own statements, Kaufland customers can pay in the branches with Girocard, Visa, Mastercard, American Express as well as Maestro, Vpay, GooglePay and ApplePay –

“provided the cards or devices are contactless”

.

Kaufland is well prepared for the switch to the Maestro system

According to Kaufland, there should not be any major problems with the abolition of the Maestro system.

The grocery giant from Neckarsulm explains that no conversion is necessary for this: "The planned abolition of the Maestro function for new giro cards will not lead to any restrictions on card payments for customers in our branches and will also have no effect on our card terminals."

also read

Exemption from the GEZ: when pensioners do not have to pay broadcasting fees

TO READ

The obligation to replace stoves will take effect from 2025 – these exceptions apply

TO READ

Amazon and Ebay face competition: online retailer expands service in Germany

TO READ

Poor people photographed Rewe snack shelf: "I left the car, won't buy here anymore"

TO READ

Next German shoe retailer insolvent - operation of the ten branches for the time being "continued without restrictions"

TO READ

Fancy a voyage of discovery?

My space

The food giant recently commented on a possible reduction in opening times.

But here you can see that the decision lies with the customer, as the company revealed when asked.

Source: merkur

All life articles on 2023-01-11

You may like

Life/Entertain 2024-04-02T11:48:05.940Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.