Before rising rates, stores point to specials with money

The rise in interest rates had an impact on promotions especially of firms that have a high average ticket such as and electronic . When credit becomes more expensive, they start offering discounts for payment in cash or debit card to boost consumption.

with debit an exchange is effected from 72 hours against against 18 days in which an operation is credited with credit ] With a rate of 60 % and the evolution of the dollar, cash purchases have priority. To this it should be added that in a sale of $ 100 the merchant receives $ 87 deducting the payment of commission card, VAT, gross earnings and incomes

"In critical moments like today, it is vital to quickly seize money.Many payment chains are broken or about to break, "Fernando Aguirre, spokesperson for the federation of Argentine supermarkets, told Clarín

. the need of liquidity and we observe a stretch in the chain of payments especially in the segment PME ", completed Pedro Cascales , from The CAME

The executive added that the exchange of checks is subject to a rate between 40 and 50% per annum but "he There are caves they charge between 7 and 10% per month ". For a check from $ 1,000 to 30 days, the trade receives $ 930 at best.

According to the entity, which groups SMEs ] retail sales declined in June 4.2% compared with the same month last year. And a 2.8% in the accumulation of the year. The objects most often penalized were leather goods (-7%), electronics (-4.9%), clothing (-4.8%), ] shoes (-4.7%) and food and beverages (-1.1%).

But the specials follow. Airlines and specialized tourism portals began selling tickets in interest-free installments very aggressive . Cars, on the other hand, offer interest-free or low-rate premiums and payments in one-off models to maintain volume and move stock .

On the other hand, the textile sector is offsetting a dead season with discounts of 20% for cash payment or financing until . to two installments without interest. While appliance houses offer longer term payments and also relying on bank promos .