Payments for a myPOS merchant financing are collected automatically as a percentage of your card sales processed through myPOS.
When you accept a financing offer, the payment percentage is defined in your financing agreement. Each time you process a payment through myPOS, a portion of that sale is automatically used to pay down your financing.
For example, if your payment percentage is 10% and you process a €100 card payment, €10 will go toward your financing payment.
This payment structure means that your payments adjust to your business activity:
- When your sales are higher, you pay more.
- When your sales are lower, you pay less.
Your financing offer will always clearly show:
- The financing amount
- The fixed, one-time fee
- The total payment amount
Payments continue automatically until the total payment amount defined in your financing agreement has been fully paid.