What is the service?
This is modern financing in the Merchant Cash Advance model for merchants (providing payments) of Przelewy24. PragmaGO Przelewy24 x Finance provides access to working capital for e-commerce companies.
This is money for any purpose with a value from 3 thousand. Up to 150,000. PLN.
The financing decision is issued in 90 seconds, and the entire process takes place online.
Repayment is automatically matched to the amount of turnover generated by your store in Przelewy24, so you don’t have to make separate transfers or keep track of repayment dates.
What do I have to do to use it?
Przelewy24 Finance x PragmaGO financing is available to companies that have been in business for more than a year and have been a minimum of 6 months a client of Przelewy24.
The entire process takes place in your Przelewy24 Transaction Panel, without the need to create an additional account or log in to other sites.
You log into your Przelewy24 Panel and go to the dedicated tab.
You fill out a short online form. At this stage you will receive information about the available financing limit, from which you can choose any amount.
It takes about 90 seconds for the application to be verified and the financing decision to be made, and you sign the contract by entering an SMS code.
Is the use of financing recorded in the BIK?
An inquiry about the company’s situation will be visible in the BIK.
I want to increase the limit – how can I do it?
This is not possible at the moment, but we are preparing such a solution.
Where will the funds I request go?
To your business account registered with Przelewy24. Remember that if you are a VAT payer, it must be on the white list of VAT payers.
Where can I find the terms of service?
Regulations can be found at the following link: https://pragmago.pl/marketing/regulamin/regulamin-przelewy24-finance.pdf
Where can I find more information about the service?
For information about the service, visit:https://www.przelewy24.pl/oferta/pragmago-x-przelewy24-finance
How is the funding limit calculated?
If you are filling out an application for the first time, the available financing amount is calculated based on your turnover data at Przelewy24. We then verify your creditworthiness.
At what point will I know the cost of financing?
At the application stage you will receive information about the costs. They depend on the value of the financing and the selected repayment period.
Can I include the cost of financing as a business expense?
Yes, you can include the cost of PragmaGO Przelewy24 x Finance as a business expense.
Do I have to declare what I want to use the funds for?
No, you can use the funds for any purpose related to your business. You can use them, for example, to buy more goods if they are on promotion and increase your margin on sales, or to buy a new assortment.
Do I need to prepare additional documents?
No – the process of applying for PragmaGO x Przelewy24 Finance is fully automatic and the calculation of the financing limit is based, among other things, on data from your transaction history in Przelewy24 and data from external and internal databases, as well as PragmaGO’s scoring algorithms.
What does the repayment look like?
Repaying PragmaGO x Przelewy24 Finance is simple and virtually maintenance-free. Subsequent installments are automatically deducted as a percentage of your payments in the Przelewy24 system, according to a set schedule. Repayments are taken from all accounts established on your TIN.
How much money can I get?
Thanks to PragmaGO x Przelewy24 Finance, you can cover business expenses from PLN 3,000 to 150,000. PLN.
For what period can I get financing?
You can spread the payment up to a maximum of 12 months.