Discounts for prompt payment to suppliers
Pronto Pago Financiado is a solution for making payments to your suppliers, which will open the door to negotiate early payment discounts and allow you to make payments without affecting your company's liquidity.
How does it work?
To take advantage of the benefits of Financed Prompt Payment, your company and your supplier negotiate a discount for prompt payment, which is applied when payment is made in cash.
So, the supplier receives payment in cash, while you, the customer, get a discount on the original invoice amount and, because this payment is made with Bank funding, you can reserve your own liquidity for whatever you need.
With Financed Prompt Payment, payments can be made to national and international suppliers because they can be made in euros and other currencies1.
Conditions2
The Financed Prompt Payment solution involves:
- An opening or renewal fee, which is applied at the time of opening or renewing the facility.
- Advance payment fee, percentage of the amount transferred; and interest rate on payment orders sent and over the term of the financing.
How to arrange it
If you want to arrange Santander Confirming, you can apply at any one of our network of branches.
Operation subject to prior approval by the Bank.
Service provided by Santander Factoring y Confirming S.A.U. E.F.C.
1. Possible exchange rate fluctuations may affect the amount due.
2. See conditions and the sum of applicable commissions at your branch.