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Business Banking
i-bank POS Economy for Businesses
Get an integrated package of acquiring business services on a fixed monthly charge.
A trusted solution on a fixed monthly charge
If you have a small or medium-sized business with a stable transactions turnover, you can get a free POS terminal by paying only a monthly fixed cost. An excellent solution for a comprehensive package of services for accepting transactions with debit, credit, or prepaid cards.
POS iCT220
You can get this state-of-the-art terminal with a monthly fixed cost, and leverage an ideal tool for businesses with stable turnovers who want to effectively control and budget their costs.
Transparency
If you exceed the trading volume specified in the package you've chosen, then a certain commission rate will automatically apply for the excess transaction amount.
You'll be notified of this rate at the beginning of our business relationship.
You'll be notified of this rate at the beginning of our business relationship.
Acceptance of various cards
You can offer your services to cardholders of debit, credit or prepaid cards branded with the logos of Mastercard, VISA, Maestro, JCB.
Term of 24 months
The i-bank POS Economy package will be available to your business for a minimum period of 24 months. After expiry of the 24-month period, your agreement can be renewed indefinitely.
Option to switch package
You have the option to switch to an upgraded trading volume package if you wish.
Go4more reward program
Through i-bank POS Economy you can also participate in NBG’s go4more total reward program.
i-bank POS Economy packages
It is ideal for small and medium-sized businesses that wish to control costs based on their transaction volume. You can choose between 3 i-bank POS Economy packages depending on the monthly transaction volume of your business.
The i-bank POS Economy packages include a Desk iCT220 card acceptance terminal which is returned to the bank in case of termination of the cooperation. If the monthly transaction volume of the package you have chosen is exceeded, there will be a transaction clearing fee only for the excess amount and according to the terms and conditions of the contract. The minimum time of stay in the service is 24 months.
Desk iCT220
Lightweight, stylish and self-contained, the Desk iCT220 is the easy-to-use and most cost-effective solution for card transactions at the checkout, supporting all electronic payment methods.
- Desk iCT220 processes powerful cryptographic algorithms at the highest speeds, providing fast, secure transactions.
- Accept all payment methods including EMV Chip & PIN, magnetic stripe, and NFC/Contactless
- Easy transactions thanks to the specially designed software.
- Desk iCT220 is fully compatible with all the bank's products and services, allowing for the upgrade of payments as needs change.
The Desk iCT220 package includes:
- The Desk iCT220 desktop terminal
- Connection cables
- Two rolls of paper
- Display sticker
- Detailed installation and usage instructions
With the package of the Desk iCT220, you enjoy:
- Warranty of proper operation of the terminal
- Free telephone support
- Free software upgrade according to the guidelines of major credit institutions
- Free terminal replacement in case of damage caused by proper operation of the terminal
- Free shipping of the terminal to your company
You can download a PDF to read the technical specifications of the device.
I want the i-bank POS Economy
If you're already an Internet Banking user, you can apply online.
Alternatively, you can visit an NBG branch and file your application.
“
NBG's digital transformation always takes mature and stable steps. This way it becomes a catalyst for us, aiding our operations.
Gianna Ioannidou
Managing Director at All Web Solution SA
Do you want more information?
The process is simple and quick. You can read the detailed instructions:
You can choose from three monthly trading volume packages:
- Economy package 1 - Monthly transaction limit €500 - Fixed monthly charge €9.90
- Economy package 2 - Monthly transaction limit €1,500 - Fixed monthly charge €18.80
- Economy package 3 - Monthly transaction limit €2,500 - Fixed monthly charge €29.50
i-bank POS Economy does not replace the buy/ rent model for i-bank POS, but complements it, as the ideal solution for all SMEs that want to keep on top of costs in line with their trading volume.
Yes, according to the terms and conditions of the contract you can request an upgrade of the package and transfer to a higher turnover plan up to 5 working days before the end of the current monthly cycle.
You may also request the termination of the package to which your business is subscribed, in accordance with the terms and conditions set out in the contract. The terminal in this case will be returned to the bank.
Under the most recent cooperation agreement, automatic renewal is provided for with an indefinite term after 24 months, provided there are no outstanding financial obligations. The parties naturally reserve the right to object to this renewal by written notice at least two months before the expiry of the initial period of cooperation.
Monthly charges begin on the first business day of the month following the purchase of the plan. So for the period from the date of purchase and activation to the first business day of the following month there is no charge, even if transactions have been made. The charge is made to the company's account, automatically, on the first working day of each month.
If the business’s agreed turnover is not exceeded, no transaction clearing fee is charged. However, any excess amount is subject to charges depending on the package chosen by the business. In such cases, for sole proprietorships, general partnerships, and limited partnerships the clearing fee for transactions worth up to €10 is set at 0.50%.
Every package is coupled with a terminal. If your business needs more terminals, then you’ll need to sign up for a corresponding number of packages. The monthly turnover of each package represents the transactions carried out through the POS terminal corresponding to that specific package.
An application can also be submitted via Internet Banking if you are a registered user. If you submit your application online, it is not necessary to visit a branch.
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