Piraeus Open Business Working Capital POS*

The new flexible financial tool linked to the company’s epay POS* transactions.

 

Piraeus Open Business Working Capital POS* ensures
 
  • Effective management of the company’s fund through an account that operates as a Deposit Account as well as an Open Working Capital
  • Autonomy and Flexibility in transactions, 24/7, as it provides the ability for instant online funding via Piraeus e-banking
  • Daily revolving, through credits from the epay POS*, which provides the user with reduced interest costs and increased available funds
DESCRIPTION
  • The new flexible financial tool linked to the company’s epay POS* transactions.
REPAYMENT METHOD
Mandatory minimum monthly payment of 5% on the respective balance (interest and capital included)

  • Automatic repayment through the epay POS
    • or

  • Free payment of capital
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
OTHER FEATURES
  • Ability to perform all of the company's payments through one account
  • Ability to use the account through Piraeus e-banking
DESCRIPTION
  • The new flexible financial tool linked to the company’s epay POS* transactions.
REPAYMENT METHOD
Mandatory minimum monthly payment of 5% on the respective balance (interest and capital included)

  • Automatic repayment through the epay POS
    • or

  • Free payment of capital
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
OTHER FEATURES
  • Ability to perform all of the company's payments through one account
  • Ability to use the account through Piraeus e-banking

Financing features

Purpose

Funding for Small and Medium Businesses and Professionals, with a turnover of up to € 2.5 million, for working capital against future receivables from epay POS* sales

Amount

From €4.000

  • The amount of the limit will depend on the amount of the annual turnover of the epay POS*, the turnover and the trading circuit of each company.
  • In any case, it can rise up to 40% of the turnover made by the company through epay POS in the last 12 months.

Type -Duration of Finance

Open Revolving Working Capital with annual renewal

Currency

Euro (€)

Interest Rate

Variable based on the Base Loan Rate (BLR) of Piraeus Bank

The interest rates are charged with the interest margin and the contribution of L.128 / 75, which currently amounts to 0.60% (or 0.12% where this is foreseen).
The customer's final interest rate is determined on the basis of an assessment of its Creditworthiness

Repayment

  • Minimum monthly payment of 5% of the outstanding balance
  • It is repaid automatically through transactions made by epay POS* or free capital payment

It is noted that there is the possibility of free reuse of capital

What added benefits does Piraeus Open Business Working Capital POS* offers:

Business Debit Card

Corporate or personal card with no annual fee for the first year. Use it for transactions:

  • At ATMs
  • At easypay machines
  • At businesses featuring the VISA / VISA Electron logo

Additional features / benefits

  • Use via Piraeus e-banking
  • Free sending informative Business Alerts such as expiration of insurance updates, expiration of the limit, etc.

How to get it

In order to find out about Piraeus Open Business Working Capital POS* as well as about the process of its acquisition :

Visit any Piraeus Bank branch

Find the nearest branch

Call 210 32 88 000

**Exclusively for Euronet Merchant Services (“epay”) Points Of Sale (epay POS) and e-POS (epay eCommerce). Piraeus Bank cooperates with the EURONET MERCHANT SERVICES (EMS epay) Payment Institution for the distribution, through its network, of EMS epay products and services, regarding the acceptance and settlement of card payments.