Belgium is a country that offers a variety of payment methods for consumers. The most common payment methods in the Belgian fiscalization system are cash payments, non-cash payments, and vouchers.
More details are as follows.
Payment methods in Belgian fiscalization: what are the allowed options?
Public
Belgium
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1031
Content accuracy validation date:
17.07.2023
Content accuracy validation time:
08:31h
Here are the most common payment methods in the Belgian fiscalization system:
- Cash payments (there is a cash payment limit of EUR 3,000)
- Non-cash payments, which include various types such as:
- electronic cards (Bancontact, Mastercard, Maestro, Visa),
- digital wallets (PayPal),
- buy-now-pay-later services (Klarna),
- bank transfers,
- cheques, etc.
- Vouchers (Regular, Meal, Eco, and others).
For instance, cash payments are still widely used in Belgium, especially for small amounts and in rural areas. However, there is a cash payment limit of EUR 3,000 for certain transactions currently in place.
Non-cash payments are becoming more popular and convenient in Belgium, as they offer more security and speed than cash payments. Electronic cards, for example, include various types, such as debit cards (Bancontact, Maestro) and credit cards (Mastercard, Visa). Most cards have chip and PIN technology that enhances security and reduces fraud. Some cards also have a contactless feature that allows you to pay by tapping your card on the terminal without entering your PIN for amounts up to EUR 50.
When it comes to mixing payment methods for each transaction, i.e., each fiscal receipt, mixing multiple payment methods is allowed.
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