Home » World » Euronet has launched restrictive limits. The Workplace of Competitors and Shopper Safety reacts

Euronet has launched restrictive limits. The Workplace of Competitors and Shopper Safety reacts

The President of the Workplace of Competitors and Shopper Safety determined to provoke explanatory proceedings. We don’t decide at this stage whether or not any violations have occurred. It’s essential to ascertain relations between market members, together with mechanisms for sharing charges for money withdrawal transactions from ATMs,” the spokeswoman for the Workplace of Competitors and Shopper Safety informed PAP.

The choice of the Workplace of Competitors and Shopper Safety is a response to the protest motion of the most important impartial ATM community, Euronet.

Allow us to remind you that the corporate managing over 7,000 units, as a protest, determined that on Tuesday, June 18, clients will be capable to withdraw a most of PLN 200 in a single transaction.

That is what the Euronet ATM screens seemed like on June 18, 2024:

Protest message displayed by Euronet ATMs June 18, 2024 | Dawid Wolski / East Information

Euronet: charges unchanged for 14 years

Euronet needed to attract consideration to the issue in cooperation with fee operators. As the corporate claims, from 14 years, the speed for withdrawing money with a home cardand from 2015 additionally utilizing the BLIK code (so-called ATM interchange), which is paid by Visa, Mastercard and Polish Cost Normal (BLIK) to ATM operators, has virtually not modified. This has led to a scenario during which nationwide Money withdrawals are processed by ATM operators in Poland at greater than twice the pricethat they incur in reference to such a service.

Euronet has been working in Poland for nearly 30 years. The primary ATM in our nation was put in in 1995 within the Marriott Resort in Warsaw.

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