Payment Methods _

• Prepay: You load money on to a card that can then be used at retailers and to withdraw cash at an ATM. The prepaid card can be loaded by the cardholder once the card balance is finished.
• Debit: Offered by some ServiRed member financial institutions, this option allows you to withdraw cash from ATMs. You choose where to draw it from your bank account (current or savings), or against your card account. When you choose to debit withdrawals directly to your bank balance, the system is identical to that of the Visa Electron/Maestro card. But remember that transactions will not be authorized unless they can be covered by your bank balance.
• Debit deferred to the end of the month: Purchases, payments and cash withdrawals are charged to your bank account at a fixed date within a 30-day period, and you pay no interest charges.
• Deferred payment: This form of payment is designed for unexpected or one-time expenses. You can choose a flexible repayment plan, deciding how much to pay each month, in keeping with your income. This provides convenience and control over your personal finances.
• Revolving credit: This form of payment is designed to satisfy the cardholder's medium- and long-term financing needs, stabilizing repayments over time. As with deferred payment, you can choose how much you can afford to pay each month.
• Credit line: This credit line can help businesses to stabilize their current cash flows and to finance major purchases advantageously. Your ServiRed Business line of credit card may be linked to a bank account with a credit line. Unlike the ServiRed Business, the credit line is not linked to the card but rather to a bank account. It gives you access to funds for short-term financing in order to keep fluctuations under control and to meet unexpected expenses.