Managing my pharmacy

Piraeus Bank offers you Financial Management Services for your pharmacy.

In order to have the optimal control of your cash flows, accumulate the inputs and outputs to an account and make best use of your cash, we offer you:

• The Sight Account (for legal entities) or the Business Account (for sole proprietorships & freelancers)
• Free incoming remittances (STP & NON STP in Euro)
• Free processing of checks by private customers & individual entrepreneurs
• Free cancellation of checks
• Free issuance of bank checks in the name of the entrepreneur or the Greek State
• Free of charge for each transfer of credit to accounts within the Bank
• Access to e-banking services for winbank businesses & professionals in order to perform transactions at lower or no expenses
• Option of payments through IRIS online payments for immediate and secure payment in the company's e-shop through the internet banking of its customers
• Option of transfers with immediate priority (Instant Payment) within 10 seconds
• 50% discount on bill payments through winbank, related to business needs, specifically:
  • Telephony / Internet
  • Energy
  • Water supply / Sewerage
  • Public & Organizations
• Payroll
  
  • Carrying out company payroll through payroll contracts
  • Piraeus Salary Payroll Account with Preferential deposit rate for employees.
• Access to winbank online banking services for:
  
  • Make transactions with lower or no fees
  • Easily manage bulk payments to your suppliers and partners

Piraeus Bank collaborates with epay (Euronet Merchant Services.) to provide card payment services in physical and online stores. Within this framework, the following offerings are provided:

Α) Preferential pricing for transactions on physical EFT/POS terminals. Each business can choose one of the following two options for basic pricing, either MIXED or DETAILED pricing:

MIXED Pricing - Basic Charges per Transaction

DETAILED Pricing*

Regardless of the card type, in the case of detailed pricing**, the following fees apply:

IRF (Interchange Reimbursement Fee) + Scheme Cost + 0.30% per transaction as the Acquirer Clearing Services Fee ("ACS") paid to ePay for providing transaction clearing services.

China Union Pay cards: 1.60% per successful transaction.

New Generation Android-Based POS Terminals

• The first wired terminal is provided for free (without upfront activation fee or monthly management cost).
• All additional terminals will be provided with charges specified in detail in epay' s official price list.
• The above applies to new cooperation agreements.

B) Preferential pricing for e-commerce. Each business can support its sales through the Internet using multiple integration methods depending on the capabilities and needs of its e-shop (redirection, iFrame, web service) and choose one of the following two options for basic pricing, either MIXED or DETAILED pricing:

MIXED Pricing* - Basic Charges per Transaction

Detailed Invoicing*

Regardless of the card type, in the case of detailed invoicing**, the charges include IRF + Scheme Cost + 0.30% per transaction as Transaction Clearing Services Fee ("ACS") paid to epay for the provision of transaction clearing services.

*New cooperation agreements must be signed for the above to be valid.

• The above charges apply per successful transaction, exempt from VAT according to current regulations. If VAT or any other tax/fee/economic burden is imposed on transactions/services, the business will be charged accordingly.
• Credit to the account is made within one (1) working day from the submission of the transaction for clearing, free of charge, or alternatively within one (1) calendar day from the submission of the transaction for clearing, with a charge of €4.00 per MID per month (service 'AllWeekPay').

** Regulation (EU) 2015/751 and the 2nd Payment Services Directive (PSD2) provide businesses with the ability to invoice for card acceptance services using a transparent fee model known as Interchange++. This model consists of three cost components: (1) Interchange, which refers to the interbank fees charged by card-issuing banks and is described on the websites of International Card Schemes. As an example, the current interbank fees are 0.20% for debit card transactions by individuals in businesses within the EEA with card-present transactions (which represent the majority of transactions), and 0.30% for credit card transactions by individuals, respectively. Under certain conditions, in some transactions and depending on the card's type, country of issuance, or usage, the interbank fee can range from 0.20% to 2.00%. (2) The costs imposed by Card Schemes on the transaction - these costs are detailed on our website www.epayworldwide.gr. Indicatively, these costs range from 0.10% for transactions at physical terminals to 0.70% for online or MO/TO transactions. (3) The fees and other costs of the Acquiring Service Provider.

Illustrative example of cost calculation using the Interchange++ model:
For a transaction amount of €50 with a Visa debit card issued to individuals, using Interchange + 0.30% invoicing, the corresponding Interchange fee is €0.10 (€50 X 0.20%), the Card Schemes' costs are €0.05 (€50 X 0.10%), and the epay fee and other costs amount to €0.15 (€50 X 0.30%). Therefore, the business's account will be credited with €49.70 (€50 - €0.10 - €0.05 - €0.15) for this specific transaction.

VALUE-ADDED SERVICES...

...for physical terminals:

• DCC (Dynamic Currency Conversion) service, with a 1% commission refund on the turnover of transactions executed using the DCC service for non-euro issued cards, while your customers pay in their own currency.
• Digital content products & gift cards that can generate additional revenue and traffic for the pharmacy.
• Additional flexibility with the SoftPOS application, which allows your Android mobile to function as a terminal.

...for e-commerce:

• One-click Pay (tokenization) for quick payment completion without entering card details in recurring transactions.
• Support for card transactions via phone with the epay by link service.
• Multicurrency services for e-shops targeting markets outside the eurozone, with support for dozens of foreign currencies.

...for all collection channels:

• By activating "AllWeekPay," transaction settlement is immediate, and payment amounts are available in the cooperating company's bank account early the next morning, including holidays and weekends. With this feature, pharmacists do not have to wait until Monday or the next business day to access card payments in their Piraeus Bank account and use the corresponding amount. The "AllWeekPay" capability works in conjunction with banking tools such as interest-free installment prepayment and open working capital (whose limit is recycled by card transaction credits) but also independently, as a primary means to cover immediate operational needs, accelerating daily cash flows, especially at the level of small businesses.
  For more information regarding functionality or if a pharmacist does not wish to continue receiving this service, they can contact the Business Service Center at 210 38 98 954.
• Updated transaction information for better accounting representation and agreement with the financial entity image of the pharmacy on the AADE platform.
• 24/7 telephone support.