1. This List of Fees applies to you if you are a Business Client.
2. The Fees are:
|Opening Payoma Account||free|
|One-time credit Fee*||1000 EUR|
|Payoma Account monthly Fee||0 EUR|
|Payoma Account monthly Fee if your Payoma Account is an Inactive Account**||0 EUR|
|Interest charged for keeping funds on your Payoma Account if your Payoma Account is an Inactive Account** (charged monthly)||0.4% p.a.|
|e-Wallet monthly Fee||0 EUR per e-Wallet|
|Incoming transfers (receiving funds) from Business Clients||1%|
|Incoming transfers (receiving funds) from Private Clients||2%|
|Outgoing transfers (sending funds) to Business Clients||free|
|Outgoing transfers (sending funds) to Private Clients||free|
|Transfers between your e-Wallets in one currency||free|
|IBAN Account Fees|
|Opening IBAN Account||50 EUR|
|IBAN Account monthly Fee||0 EUR per IBAN Account|
|Incoming transfers (receiving funds) from other Payoma clients (internal transfers)||1%|
|Incoming transfers (receiving funds) from non-Payoma clients (external transfers) in EUR||1%|
|Incoming transfers (receiving funds) in non-EUR (SWIFT transfers)||3%|
|Outgoing transfers (sending funds) to recipients in SEPA*** (SEPA payments)||0.5 EUR|
|Outgoing transfers (sending funds) to recipients outside SEPA (SWIFT payments) in EUR||0.25%, min 15 EUR|
|Outgoing transfers (sending funds) to recipients outside SEPA (SWIFT payments) in non-EUR||2%, min 15 EUR|
|Uploading funds from your payment card to your Payoma Account||3.5% + 0.5 EUR|
|Transferring funds to a payment card (your or Third Party)||2.5% + 3.5 EUR|
|Currency conversion Fees|
|Currency conversion Fee||2.99%|
* One-time credit Fee is charged from the very first incoming transaction (transactions, if one single transaction is insufficient). During the first 3 months from the day we have completely verified your Payoma Account you are entitled to discount all other Fees up to the amount of the One-time credit Fee. After the amount of the One-time credit Fee is discounted you are no longer entitled for a discount and the Fees are charged as usual. If 3 months from the day your Payoma Account was completely verified expire before you have discounted the One-time credit Fee you are no longer entitled for a discount and the Fees are charged as usual. You are entitled for a discount only after the One-time credit Fee was actually received by Payoma.
By way of example:
If your Payoma Account was completely verified on 10/01/2018 you have paid the One-time credit Fee (1000 EUR) on 25/01/2018 you are entitled for a discount for the Fees for 1000 EUR starting with 25/01/2018 until 10/04/2018. In this case
If you have utilised the discount and accrued Fees of 1000 EUR by 01/03/2018, starting from the next time you are charged a Fee you pay the Fee normally, without any discount.
If until 10/04/2018 you have accrued Fees of 400 EUR. You have utilised the discount of 400 EUR. Starting with 11/04/2018 you pay the Fees normally, without any discount. All the unutilised part of the discount is cancelled.
If your Payoma Account was completely verified on 10/01/2018 and you have paid the One-time credit Fee (1000 EUR) on 25/05/2018 (more than 4 months after your Payoma Account was completely verified) you are not entitled for a discount.
** Your Payoma Account is considered Inactive Account if there were no qualifying transactions during certain time. Generally, qualifying transactions are transactions with Third Parties, however there are several exceptions. For more details on these exceptions and the minimum time of inactivity please see the definition of the Inactive Account term in the Definition part of the Agreement.
*** Single European Payments Area (SEPA) is comprised of European Union member states, Iceland, Liechtenstein, Norway, Monaco, San Marino, and Vatican City.
3. The Fees are listed exclusive of Value Added Tax. In case Value Added Tax or any other sales tax is or become applicable to the Fees, such tax amount will be added to the Fees.
4. We may at any time at our sole discretion revise this list of the Fees. Such revision will not be considered changes to the Agreement (Clause 21 of the Terms and Clause 11 of the Business Terms).