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One in two urban Romanians wants to make purchases with Buy Now and Pay Later
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One in two urban Romanians wants to make purchases with buy now and pay later – The Diplomat Bucharest
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One in two Romanians from urban areas wants to buy now and pay later (study)
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31/05/2021 13:12
Romania became, last year, the leader of the European Union in terms of the growth rate of electronic commerce, and the value of this market reached 5.6 billion euros, according to data published on Monday by representatives of a European fintech, agerpres reports.
The report drawn up by ZEN.com shows that, although most Romanians prefer to order from domestic e-shops, many are attracted by cross-border platforms, due to low prices and good offers. Currently, Romanians who buy goods from outside the EU with a declared value of up to 10 euros online do not pay VAT for the purchase. For goods with a declared value between 10 and 150 euros, buyers do not pay customs duties, but pay VAT. The current cross-border online commerce regulation would have led to a significant loss in revenues and a severe impact on the budgets of the EU and its Member States, by giving non-EU traders an unfair competitive advantage, the company notes.
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