Budapest as a English Vendor used to Euro

[u/kosei69]

Hi Guys, im from Austria and i do Pokemin Card Vending as a Hobby/Side Business. Now i got invited to Vend at the Hungarian Card Expo June 6th at Lurdy Ház. Im a little worried now because im only used to dealing in German/English with Euro, so im wonder how hard i will struggle. Do the average hungarians have paypal/revolut and do they speak good english? Will i need a lot of forint in cash or is it also mostly digital like in austria? Also happy for any advice you have :) thanks

[u/ckop64]

Hungary (and especially Budapest) is a much closer to being a cashless society than Austria or Germany. As long as you accept the most common payment methods, you should be fine. As a foreigner, I'd say your best bet is probably revolut.

[u/kosei69 → u/ckop64]

Perfect great to hear,so i dont have to do a lot of converting and cash handling in a stressfull situation. Now ill be able to look forward to my first time in hungary without worries :)

[u/hunangoo → u/kosei69]

As an average Hungarian, I hardly use cash for everyday payments. No worries. You’d be fine.

[u/cosmic_enforcer → u/hunangoo]

I was on holiday in Austria recently and i had to use cash a lot more times than in Hungary. Even at restaurants they didn't have card payment. It was weird.

[u/hunangoo → u/cosmic_enforcer]

In Hungary it is compulsory by law to have electronic payment available for all transactions.

[u/Immediate_Gene3646]

Even my 63 yrs old Mom has Revolut so I think that will be ok.

[u/sjd-912]

Revolut has 2,3 million users in Hungary, most digitally savvy people have an account, Paypal is not really popular though. But it depends on what the Pokemon card scene looks like, I could imagine a card expo is more cash-based.

[u/Interesting_Prune513]

Mostly digital but cards, even more so than Austria. Fucking Germany they are so cash, half the places only accepted cash, fuck them. But definitely have some sign up that a card is not okay only revolut, 99.9% would be able to pay with card but i dont think you have terminal.

Average Hungarian now speaks okay English, I assume pokemon card collection is majority younger people anyways no? Should be fine.

Anyways have some cash on you because you never know, but don't have too much. Lurdy haz isn't in a bad neighbourhood, but its also not the best, I wouldnt want you to get robbed. Exchange is 1 eur = 360 forint now.

[u/kosei69 → u/Interesting_Prune513]

Perfect thanks, yeah i have everything im secure locked boxes anyways whenever i travel for shows, can never be too safe. Usually people between 15-35 i would say

[u/LunaticRiceCooker → u/Interesting_Prune513]

younger people lmao, do you have the slightest idea how expensive is a TCG? i'm pretty sure there isnt many people under 25, and the average age of it is around 35-40.

[u/kosei69 → u/LunaticRiceCooker]

Idk, im at conventions every month, the average is like 25 or below, of course the bigger spenders are a little older

[u/Interesting_Prune513 → u/LunaticRiceCooker]

no clue whatsoever

really not into this sorta stuff

[u/polishprocessors]

How are you accepting payment? Most people have card/can pay with revolut. Not sure how that helps, but ok

[u/kosei69 → u/polishprocessors]

I have a qr code printed so people can just scan it with their phones at my table, dont have a normal card reader

[u/polishprocessors → u/kosei69]

Yeah, most people have revolut, i wouldn't worry too much!

[u/tucsok26]

I'm not sure what is your profit margin, but I would probably sign up for a phone based credit card reader service - the fee is around 2%, if you have 20% profit margin, then if you can gain an extra 12% of sales due to not only accepting revolut but regular card as well, then it was already worth it.

Revolut is used by 1 in 3 adults in Hungary, card is used by basically everyone in your target group.

I would recommend setting your prices in forint instead of euro, so only you have to do the conversion, not the buyers.