{"id":1496,"date":"2025-04-03T11:07:06","date_gmt":"2025-04-03T11:07:06","guid":{"rendered":"https:\/\/vlogismos.gr\/2025\/04\/03\/iris-payments-what-actually-applies-to-businesses-in-2025\/"},"modified":"2025-11-21T13:33:00","modified_gmt":"2025-11-21T13:33:00","slug":"iris-payments-what-actually-applies-to-businesses-in-2025","status":"publish","type":"post","link":"https:\/\/vlogismos.gr\/en\/2025\/04\/03\/iris-payments-what-actually-applies-to-businesses-in-2025\/","title":{"rendered":"IRIS payments: What actually applies to businesses in 2025"},"content":{"rendered":"\t\t
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Introduction<\/h2>\n\n

The IRIS payment system has come under the spotlight as the date approaches by which all businesses must be able to accept it. Following the latest clarifications, it is now clear that the obligation to accept IRIS payments concerns all legal entities conducting retail transactions. This is a step towards the modernization of transactions, aiming for transparency, cost reduction, and customer facilitation. <\/p>\n\n

The new implementation date<\/h2>\n\n

The start of the mandatory acceptance of IRIS payments has been moved to December 1, 2025<\/strong>. This extension was given so that businesses could technically adapt, upgrade their equipment, and ensure that their POS or electronic system can support IRIS. Although the date changed, the obligation remains active and is part of a wider digital modernization plan.<\/p>\n

\"IRIS<\/p>\n\n

<\/figure>\n\n

How IRIS works for businesses<\/h2>\n\n

Acceptance of IRIS payments can be done either through a POS\/ePOS <\/strong>terminal that has the relevant option, or via a QR code<\/strong> that directs the customer straight to their mobile banking application. The customer selects their account, approves the amount, and the payment is deposited immediately into the business’s professional account. A card is not required, there are no settlement delays, and the amount is immediately available. <\/p>\n\n

What compliance means<\/h2>\n\n

For a business to be deemed compliant with the legislation, it must have an active method of accepting payments via IRIS. This means that it must have contacted its bank or POS provider for the activation of the feature or, alternatively, created a QR code linked to its professional account. The customer must be able to complete the payment via IRIS at any time without obstacles or additional steps. <\/p>\n\n

Obligations and penalties<\/h2>\n\n

Non-compliance after December 1, 2025, entails the imposition of penalties. The amount of the fines and the method of their implementation will be set by the competent authorities; however, it is clear that checks will start immediately after the deadline. Businesses are called upon to act promptly in order to avoid unnecessary procedures and charges. <\/p>\n\n

The effect on accounting organization<\/h2>\n\n

From an accounting perspective, IRIS is considered a bank receipt and must be recorded accordingly. The correct notation of the payment method on the supporting documents helps in reconciling the movements with the bank and in the correct updating of myDATA. Accountants recommend the establishment of an internal daily or weekly reconciliation procedure to avoid discrepancies and errors. <\/p>\n\n

\"IRIS<\/figure>\n\n

Developments for 2026<\/h2>\n\n

Improvements to the IRIS system are expected from the new year, including an increase in transaction limits for individuals and professionals, as well as the future possibility of cross-border payments within Europe through the EuroPA program. These changes will enhance the system’s usability and establish IRIS as a key tool in daily business transactions. <\/p>\n\n

What should businesses do today<\/h2>\n\n

The preparation period must not be wasted. Businesses need to activate IRIS on their POS or electronic systems, train their staff, and inform customers about the new payment option. Timely adaptation ensures a smooth transition, avoidance of penalties, and improved service. <\/p>\n\n

Conclusion<\/h2>\n\n

IRIS is not just a new obligation, but a step towards a more modern, immediate, and secure financial routine. Businesses that prepare correctly will gain in speed, transparency, and reliability with their customers. The transition starts now, with the horizon of December 1, 2025\u2014a milestone date for the digital modernization of transactions in Greece. <\/p>\n\n

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Introduction The IRIS payment system has come under the spotlight as the date approaches by which all businesses must be able to accept it. Following the latest clarifications, it is now clear that the obligation to accept IRIS payments concerns all legal entities conducting retail transactions. This is a step towards the modernization of transactions, […]<\/p>\n","protected":false},"author":1,"featured_media":1289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-choris-katigoria"],"_links":{"self":[{"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/posts\/1496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/comments?post=1496"}],"version-history":[{"count":3,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/posts\/1496\/revisions"}],"predecessor-version":[{"id":1499,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/posts\/1496\/revisions\/1499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/media\/1289"}],"wp:attachment":[{"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/media?parent=1496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/categories?post=1496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vlogismos.gr\/en\/wp-json\/wp\/v2\/tags?post=1496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}