Small businesses in Switzerland will have to pay smaller fees for cashless payments from customers over the next few years. The price watchdog has concluded a new agreement with the relevant service provider. +Get the most important news from Switzerland in your inbox According to the price watchdog's estimates, this will lead to annual savings of CHF10-15 million ($12.5-18.5 million) for Swiss retailers, as stated in the newsletter published on Tuesday. Shops such as bakeries, kiosks and restaurants would benefit in particular. In Switzerland, the financial institution Worldline is the dominant payment processor. It handles the processing and transmission of transactions and credits the corresponding amount to the merchant's account. Worldline charges a fee for these services. + Why the Swiss still like to have cash in hand In the past, the price watchdog had already reached amicable agreements with the company for lower fees. The last one expired at the end of 2024. A new ...
