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Nairaland Forum / Nairaland / General / Business / CBN: N50 POS Charge To Be Paid By Businesses Not Customers (33141 Views)
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Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by TriCee: 4:19pm On Dec 23, 2019 |
Businesses don't know that yet o... |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Nwaide01: 4:20pm On Dec 23, 2019 |
Benue state government should refunds all the #50 its agents corrected from us in the name of stamp duty immediately. |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Elxandre(m): 4:20pm On Dec 23, 2019 |
helinues: Maybe not charge at all or reduce it significantly? |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by nairalandbuzz(m): 4:20pm On Dec 23, 2019 |
It will still be paid by the customers.... Imagine something normally sold for N1470 now going for N1550 cos of POS Charge... Its not a problem collecting it... but put it to good use, not embezzlement 3 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by sorom4: 4:20pm On Dec 23, 2019 |
If you are in busoness; will you like to lose because of unfavourable government policies? helinues: 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by shosky1794: 4:21pm On Dec 23, 2019 |
And you expect the merchant not to transfer this fee to the customers. If that's the case then most them will eventually abandon their POS machines. 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Saintp(m): 4:21pm On Dec 23, 2019 |
Whether business or customer, the customer will bear the brunt. It is either businesses factor in that cost in the price of goods and services or they stop using the POS entirely. 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by sirk98: 4:21pm On Dec 23, 2019 |
If stamp duty is remove from machant on every transaction .who will pay the stamp duty.[color=#000099][/color] |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by SocialJustice: 4:22pm On Dec 23, 2019 |
Na customer go still pay the N50. 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by SenecaTheYonger: 4:22pm On Dec 23, 2019 |
The business will pass the charges unto the customer plus their gain. Lol It's like Trump thinking tarriffs against China goods heading for USA won't affect Americans. 4 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by guru90: 4:22pm On Dec 23, 2019 |
2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by kokomilala(m): 4:22pm On Dec 23, 2019 |
The CBN should also compel commercial banks to make quick reversals for failed transactions. They should be bothered that banks are irresponsibly flouting the laid down order. 4 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Odunolumide(m): 4:25pm On Dec 23, 2019 |
Here I thought those at CBN are our best brain . 1 Like |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Elxandre(m): 4:26pm On Dec 23, 2019 |
helinues:Maybe no one should be charged? You can't convincingly argue this is a beneficial policy. 1 Like 1 Share |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by eazyjakes(m): 4:26pm On Dec 23, 2019 |
Money that will still be transferred to the consumer....how does CBN guarantee the merchants make a profit of #50 or more from every #1000 transactions....common sense is that the business owners will transfer the burden to the consumers....very nonsense clarification from Low thinking CBN! 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Monaco2(m): 4:27pm On Dec 23, 2019 |
This people are fools o, something wey dem suppose plan well b4 dem put am to action, dem just rush go implement am say na customers go pay now dey are saying no b customers go pay. Aw the businesses dem wan take agree to this now?!? B4 business owners go gree say na dem go Dey pay n not customers e go take another year. Very useless government |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Ajibade123(m): 4:27pm On Dec 23, 2019 |
This CBN is not alright...if it is the businesses that will pay it who will suffer it?? won't the businesses adds the amount they charge see 18 qualities of a good businessman https://explicitsuccess.com/quality-of-good-businessman/ |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by rashcity: 4:29pm On Dec 23, 2019 |
Meanwhile customers have been paying the 50 right from when it was announced. God help the common man in this country. |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Angelfrost(m): 4:30pm On Dec 23, 2019 |
The customers and consumers will still pay eventually via increased cost of goods and services, which will be a consequence of the merchants trying to maximize their profits and refusing to bear any bloody charge... So, nothing new done here... Usual fake solutions and smokescreens. ![]() 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by firfinch(m): 4:32pm On Dec 23, 2019 |
4gunners:and this time whether you are using POS or not you will pay. 1 Like |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by EgunMogaji2: 4:34pm On Dec 23, 2019 |
ijustdey: I’ve refused to pay it and stopped patronizing businesses that tried to charge it. The CBN policy was very clear but thieving Nigerian businesses try to take advantage of any opportunity. |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by icankel: 4:34pm On Dec 23, 2019 |
I wonder how this ppl reason sometimes, if u go market to buy goods and prices of items increase so u no go add money to sale ur own 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Abfinest007(m): 4:36pm On Dec 23, 2019 |
face bush what's d difference when d seller increase d price of d product |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Hypocrit: 4:37pm On Dec 23, 2019 |
I think that guy Helinues is retarted like his fellow Bbq. Mods, food dor don. 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Ekpekus(m): 4:38pm On Dec 23, 2019 |
And you think the business would not include it into the payment by the customer abi? Myopic and confused lot 1 Like |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Nobody: 4:38pm On Dec 23, 2019 |
Fools! Businesses will still build it into customers charge and at the end customers still will pay for it. You guys should stop fooling yourselves while trying to fool Nigerians. 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Nobody: 4:42pm On Dec 23, 2019 |
All forms of taxation on businesses are passed down in one way or the other to the final consumer. Any primary 3 pupil should know that. What did the CBN staff think would happen when they made the policy? 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by mechanics(m): 4:42pm On Dec 23, 2019 |
It should not also stop there but sanction those who will disobey the new order. |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by coldFLARES1(m): 4:47pm On Dec 23, 2019 |
HolyHero:Good you reconsidered. Filling stations for example have been structured to earn fixed amount on their products while compliance is ensured by the DPR. POS was a tool to help the government's cashless policy and more suited for the convenience of the customer. So why should one expect a business to eat into its profits to remit a statutory 'Stamp Duty"for a service not more beneficial to it as it is to the customer? Doesn't make sense and is impracticable! In due time, CBN would know just how sensible this 'clever-by-half' clarification is and how well it bodes for the government's cashless policy and act appropriately. 6 Likes 1 Share |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by ibietela2(m): 4:47pm On Dec 23, 2019 |
noeloge82: Analog government 2 Likes |
Re: CBN: N50 POS Charge To Be Paid By Businesses Not Customers by Ihategirls(m): 4:48pm On Dec 23, 2019 |
Rubbish policies 1 Like |
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