Instalments and Discounting through POS

At Piraeus Bank, regardless of the type of cooperation and terminal you have, you can accept payments in installments in your physical or electronic store.

What does the service offer?

Through the activation of the installment program, the amount of the first installment shall be credited to your account on the following working day (the next installments shall be credited each month on the birthday date of the transaction).

In order to acquire more liquidity, you may request for the program of Automatic Advance Payment of Installments. This program provides great flexibility with low cost, which is withheld at the time of clearance of the transaction. The amount resulting from the clearance of the transaction shall be attributed on the following working day to your account.

From the moment you choose to enter the program of Automatic Advance Payment of Installments, all transactions paid in installments shall be paid in advance until the credit advance payment limit granted to you is covered.

Advantages of the use of service for the business

  • Maintenance of liquidity – collection of the amount of transaction on the following working day, thus, with low cost, the business enjoys direct credit (concerns the advance payment of instalments).
  • Increase of sales – the businesses participating in similar programs appear to achieve a satisfactory percentage of their turnover through these services, as it is convenient for the customer to pay a transaction of high cost, which they would have not made otherwise through one-off debit.
  • Advantage towards competitiveness – the customer chooses to make a transaction of high cost in a store/e-shop which offers the ability of instalments

Offer to your customers the facility of instalments in their transactions and gain an important advantage towards your competitors.