Increase the limit for withdrawing money from businesses with a debit card

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With inflation of over 6% in recent months, all the limits and ceilings – from the minimum from which Irpef is paid to the maximum amount to be spent with a credit card – they have to update.

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Therefore, starting in December, customers who make purchases with debit cards will be able to withdraw up to $30,000 in cash from participating companies, such as Farmacity, YPF, Carrefour, Coto, McDonald’s, La Anónima, Jumbo and Axion, among others. is 50% more than the current $20,000you.

The deferment of the amount also comes when the typical holiday expenses begin.

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In order for the customer to be able to withdraw money, the customer must make a purchase with the card associated with the account.

In the third quarter of 2022, there was a year-on-year growth in debit card transactions of 16%, according to a report by Prisma Medios de Pago. When analyzing the total volume of debit card consumption, cash withdrawals in shops already account for 3.73%.

In July, August and September the use of credit cards grew by only 8%.​

The money is credited to the trader’s account 24 business hours after the withdrawal is sent.

“It allows the customer to do two things in one, which makes the experience easier. For businesses, sales volume increases because they offer more services and attract customers without extra lines. Also, reduces the risks and costs associated with cash management”, indicates Lucas Gracia, head of Product Payway, the Prisma Medios de Pago brand dedicated to POS terminals, payment gateways for e-commerce and payment reconciliation service). Prisma also owns Banelco and I pay my bills.

Cash withdrawals in shops are free, unlike if a bank customer withdraws cash from ATMs in a network other than their own.

As a general rule, the Central Bank of the Argentine Republic (BCRA) establishes that all “transactions carried out through ATMs and self-service terminals within a branch of the same entity of which you are a user must be free”. “.

On the other hand, “the use of ATMs from other banks and those installed outside bank branches, such as supermarkets, shopping centers and service stations, even when they belong to the institution itself, has a cost”. The only ones who do not pay this cost are those who collect their salary, social plans or pensions through their bank.

NEITHER

Source: Clarin

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