Vending machine operators seek fee reduction

Tourism

Peter Gudella / Shutterstock.com

The number of food vending machines in operation has dropped to about 20,000 from the previous 35,000 over the past year and a half, according to the National Vending Machine Association (NASZ), writes Magyar Hírlap.

Image by Peter Gudella/Shutterstock.com

For this reason, it is suggested that the surveillance fee be reduced to the same level as online ATMs. As of July 1, 2018, vending machines may only work with a so-called AFE device that provides online monitoring.

The official price of the vending machine monitoring service is a net HUF 5,000 per month per unit, and the official price is set by the Ministry of Finance every year. 

The companies, on the other hand, are charged a monthly review fee of HUF 20,000 per machine. Taken together, they represent an additional cost of about 7% to 10% for the industry, as the average monthly net sales of vending machines is about HUF 100,000, the association said.

In order to maintain the competitiveness of the industry and the number of vending machines on the market, the federation proposes to reduce the vending machine fee to the same level as the data transfer fee of online ATMs, which have a significantly higher earning capacity, Magyar Hírlap notes.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.