Money Is Money No Matter How You Look At It Says Cyprus Law Firm
6:28 amin Cyprus, Cyprus Banks, Cyprus Credit Card Facilities, Cyprus Lawyers admin Comments Off
A&G Kouzali Cyprus Law Firm – Analyze credit card facilities – completed on 24th June 2010 – Cyprus Law Firm
We have had an article request from a gentleman who recently visited Cyprus all the way from the USA.
After touring our beautiful island, and visiting many tourists’ places in areas such as Agia Napa, Protaras and Pernera, he found that that very few places accepted credit cards or debit cards. Now in the USA for example this is the norm, nobody carries cash.
In this economic crisis is this a very big mistake on our part? Many of these tourists’ places are losing revenue due to lack of credit card facilities.
After we reviewed this issue we found there is a charge to the proprietor for the usage of credit card facilities of approximately 7%, however this can be easily overcome by setting a minimum credit card limit.
We have to remember that in this economy many people are using credit cards as instant cash is not so readily available. Not only that but it is more convenient that having to keep going to draw money from a cash point machine or the bank.
So why are we not accommodating this area in the tourist sector? Should we not be doing all we can to obtain revenue from tourists who are happy to pay by credit card. Money is money whether it be cash or card and money keeps our island alive and running.
Come on Cyprus, credit cards are the present and the ongoing future, especially now in these uncertain times of financial unrest. If we want to keep our businesses, we must offer all possible facilities for taking payments.
To the gentleman who was very disappointed by the lack of card facilities, we apologise and hope next time Cyprus can accommodate you, at least we will try!
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 24TH JUNE 2010. http://www.lawcyprus.org/
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