POS financing

You choose the product that suits you according to the method of payment that suits you: 

• POS financing Overdraft: 
  Funding amount from €10,000 to €70,000, and up to 50% of the business's transaction volume over the last rolling twelve months via POS (as of the evaluation date). The authorized limit is used through a current account, which acts as a service account and in which POS transactions are settled, creating a credit balance. If a credit balance is available, it is drawn down to reduce the debit balance of the limit daily. Any unused credit balance is at the disposal of the business. 

• POS financing Open Business Plan:
  Funding amount from €6,000 to €35,000, and up to 50% of the business's transaction volume over the last rolling twelve months via POS (as of the evaluation date). The authorized limit is used through a current account, which acts as a service account. POS transactions are settled in a different (from the service account) current account, which acts as a feeder account. 
  At the end of each month (last working day), an installment is calculated, equal to the monthly interest plus 10% of the debit balance of the limit with a minimum payment obligation of €100. On the last working day of the month following the installment calculation, there is an obligation to pay the total amount of the installment, which is systematically sought to be collected from the feeder account. If the balance is insufficient, the amount shall be sought from the service account.

It is noted that the relevant administrative costs will have to be paid for both current accounts. 

Only contractual securities.

The costs you will need to pay are €300 per year.

 The fees will be charged to the account when the credit limit is used for the first time, and on each annual anniversary of the account opening, whether or not there is an outstanding balance.