Payments for a myPOS merchant financing are collected as a percentage of your card sales processed through myPOS. This means the payment amount adjusts based on your business activity.
If your sales decrease, the amount collected toward your financing payment will also decrease, because it is calculated as a percentage of each sale.
For example, if your payment percentage is 10%:
- A €100 sale will contribute €10 toward payment.
- A €50 sale will contribute €5 toward payment.
Payments continue automatically from your myPOS sales until the total payment amount defined in your financing agreement (financing amount plus fixed fee) has been fully paid.
You can review the full payment terms in your financing agreement before accepting the offer.