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In collection transaction Piraeus Bank acts as an agent and operates as an intermediary between the seller and the buyer. This payment form should be used when the seller and the buyer trust each other.
Collection – the payment method pursuant to it the bank hands over the set of documents (certifying goods shipment, work execution, services performing) to the payer against payment/money transferring from the payer in favor of payee. The bank acts strictly according to instructions in the collections order and doesn’t have to pay for its own funds.
|Issuance of collection instructions under export documentary collection||0,15% of the amount of documents (min 100 USD max 300 USD)||Flat fee to be paid not later than the day of receipt of documents|
|Amendment of the terms of collection instruction or cancellation of the collection instructions under export documentary collection||45 USD||Flat fee to be paid on the date of amendments but before issuance of amendments|
|Advising of documents receipt under import documentary collection||0,1% of the amount of documents (min 50 USD max 250 USD)||Flat fee to be paid during 3 business days from the date of advising|
|Delivery of documents against acceptance or payment||50 USD||Flat fee to be paid on the day of delivery of documents|
|Advising of amendments under import documentary collection, including cancellation and return unpaid (refused) documents||20 USD||Flat fee to be paid during 3 business days from the day of service providing|