Prefunding of Interest–free POS* instalments

DESCRIPTION
Working Capital for the prefunding of Interest–free epay POS* instalments.

*Card acceptance and clearing services (epay POS, epay eCommerce) in cooperation with EURONET MERCHANT SERVICES PAYMENT FOUNDATION (“epay”).
REPAYMENT METHOD
Through the interest-free instalments via epay POS*, which have been prefunded.
INTEREST RATE
Variable

Based on

Euribor 1Μ
OTHER FEATURES
  • Access to Piraeus e-banking platform
DESCRIPTION
Working Capital for the prefunding of Interest–free epay POS* instalments.

*Card acceptance and clearing services (epay POS, epay eCommerce) in cooperation with EURONET MERCHANT SERVICES PAYMENT FOUNDATION (“epay”).

REPAYMENT METHOD
Through the interest-free instalments via epay POS*, which have been prefunded.
INTEREST RATE
Variable

Based on

Euribor 1Μ
OTHER FEATURES
  • Access to Piraeus e-banking platform

Who it concerns

Enterprises that have a contract for the acceptance and clearance of payments and / or provision of electronic collection services (epay POS* / epay eCommerce*)

Financing features

Purpose

The financing of Businesses through working capital for the prefunding of interest-free instalments from sales through epay POS*

Loan amount

From €7.000 depending on the turnover through the epay POS* / epay eCommerce* or the last year’s business turnover (for new clients)

Type of loan - Duration

Revolving Working Capital with annual renewal

Currency

Euro (€)

Interest Rate

Variable interest rate, based on Euribor 1M plus spread

Interest rates are also subject to the Law 128/1975 levy, currently at 0,60%
The customer's final interest rate is determined on the basis of a creditworthiness assessment

Repayment

Through the monthly interest-free instalments via POS, which have been prefunded.


*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.