Piraeus b2b Card
Closed-loop credit card

The B2B card is a closed-loop business credit card, used exclusively for transactions in Suppliers who hold a b2b relationship with Piraeus Bank and have a Piraeus Bank POS.
ANNUAL FEE
50€
Annual fee per card
150€
one off payment for starting a new b2b card relationship
PAYMENT
  • Minimum monthly payment: 10%
  • Early payment of the card statement
ANNUAL
INTEREST RATE
9.75%
for purchase
KEY
ADVANTAGES

For the supplier:

  • increased customer loyalty
  • timely collection of receivables

For the buyer (card holder):

  • Liquidity
  • flexible repayment
ANNUAL FEE
50€
Annual fee per card
150€
one off payment for starting a new b2b card relationship
PAYMENT
  • Minimum monthly payment: 10%
  • Early payment of the card statement
ANNUAL
INTEREST RATE
9.75%
for purchase
KEY
ADVANTAGES

For the supplier:

  • increased customer loyalty
  • timely collection of receivables

For the buyer (card holder):

  • Liquidity
  • flexible repayment

Key benefits

For Suppliers
The b2b cards offer your company:
  • Collection of accounts receivables (paid straight to your bank account)
  • Time & resources’ saving from managing your customers’ requests for credit facility, since the Bank takes up the credit rating of your customers on your behalf
  • Release of funds under management, since the credit facility to your customers will be provided by the Bank on your behalf
  • Enhancement of customer loyalty.

For Buyers
  • Improvement of cash resulting from an average of ~20 days interest free period, from the date of the transaction
  • Flexible repayment options through winbank web banking* or at Piraeus Bank’s branches:
    • 10% minimum payment or full repayment
    • early payment, before the statement due date. The amount paid becomes available for transactions
  • Sms/e-mail alerts and monitoring of the card’s transactions through winbank web banking*.

* Available only to customers who have access to winbank web banking /winbank mobile app. 

Eligible companies

The b2b business credit card is issued to the business customers of a company (Supplier) that holds a b2b relationship with Piraeus Bank and owns a Piraeus Bank POS. It provides credit facility for purchases made exclusively to the specific Supplier. On the Supplier’s hand, the b2b solution ensures the collection of receivables and efficiently manages customers’ requests for credit facility.

The b2b solution is suitable for companies that:   

  • have a wide business customer base
  • make repeated sales to their business customers
  • have a competitive advantage in their sector.

Additional Features

The b2b business credit card:
  • can only be used for purchases at selected Piraeus Bank POS of the Supplier
  • may have the Supplier’s name embossed on the card
  • provides information via e-statement & sms / email notifications
  • offers flexible repayment options:

    • 10% or full repayment of the due balance, 20 days after the issuance of the card statement
    • early payment of the due balance before the statement due date. The amount paid will be released and will become available for transactions.

How to get the b2b credit card

B2B relationship activation (for Suppliers) & b2b card acquisition (for Buyers) 

Suppliers: b2b relationship set-up

In order to reap the benefits of the b2b system, your company’s legal representative must visit any Piraeus Bank’s branch in order to request:

  • the set-up of a b2b relationship
  • a POS with the option of accepting b2b cards.


Buyers: Card acquisition process

Once the b2b relationship and the POS has been approved, you (Supplier) can inform your clients about the card and ask them to visit a Piraeus Bank branch in order to apply for their own b2b card.

For more information, please contact any Piraeus Bank’s branch.

Pricing

For suppliers 

One-off fee of €150 for the set-up of the new b2b card relationship.


For buyers

Annual fee: € 50 per card
Annual interest rate for purchases: 9,75% + 0,60% levy (Law.128/75)


Detailed information regarding the pricing policy is available in the Bank’s Official Price List (available in Greek)