Ways you can benefit from the prepayment of the interest free instalments

I immediately need cash; can I collect the cash in advance from the revenues I make on interest free instalments from Diners, Citibank Visa, Citibank MasterCard credit cards?

Yes. With the Prepayment of Interest Free Instalment product, Citibank allows you to ‘sell in instalments and collect in cash’. The Prepayment of Interest-Free Instalment is offered to businesses which either participate in the interest-free instalment plan or would like to start now and it offers them the possibility of immediate liquidation.

How are my needs for liquidation covered?

Specifically, instead of waiting to collect the amounts of the instalments in segments, with fast steps and beneficial terms, you can collect the total respective lump sum or even more, up until 110% of the actual sales made with Diners Club, Citibank Visa & Citibank MasterCard credit cards. Depending on your needs, you can receive financing for the uncollected instalment amounts on a weekly, bi-weekly, or monthly base.

How does it work and what is the cost of receiving the prepayment?

It concerns a credit allowance, without extra guarantees, which it is given in the form of an Open (Debit) Account, so that your needs of your working capital are covered with a very low preferential interest rate.

How will I benefit from the prepayment of the interest-free instalments?

Objective of the product is to support the associating companies who use the cards
so that they can achieve:

• faster development, by utilizing future revenues.
• increased sales through interest-free instalments, attraction of new customers
• increased competitiveness since it is possible to expand to interest-free instalment plans with greater durations.
  

In the past, the Prepayment of Interest-Free Instalments has significantly assisted many small sized businesses to increase their revenues and develop, by creating their own network.