Purchase Power Fees Explained
An explanation of any fees that may be incurred under the terms and conditions of a Purchase Power contract.
Late Payment Fee
Daily Interest
Daily interest is applied to your account if the balance is not paid in full by the due date. Interest is calculated from the date a transaction occurred.
Over-limit Fee
An over-limit fee is charged when you exceed your credit limit on your Purchase Power account
If the amount outstanding on your account exceeds your credit limit, we will charge you an over-limit fee of 1% of the amount that you are over your limit (minimum €15 , maximum €100)
💡 Tip: If your account frequently exceeds the credit limit consider Requesting a Credit Limit Increase that will accommodate your monthly business needs.
A late payment fee is applied when the 'Minimum Payment' due is not received by the due date. When making payment please allow 5 working days for your payment to reach us.
💡 Tip: Avoid incurring Late Payment Fee's by setting up a Direct Debit.
Daily Interest
Daily interest is applied to your account if the balance is not paid in full by the due date. Interest is calculated from the date a transaction occurred.
Over-limit Fee
An over-limit fee is charged when you exceed your credit limit on your Purchase Power account
If the amount outstanding on your account exceeds your credit limit, we will charge you an over-limit fee of 1% of the amount that you are over your limit (minimum €15 , maximum €100)
💡 Tip: If your account frequently exceeds the credit limit consider Requesting a Credit Limit Increase that will accommodate your monthly business needs.
UPDATED: 23 September 2022