News

A new payment method has been added to the online store!

OP Overdraft Facility (OP Tililuotto) has been activated in your online business

Dear Customer,

We previously announced that a new payment method, OP Overdraft Facility (OP Tililuotto), which offers flexible financing, has been added to Paytrail's selection of payment methods.

We want to ensure that your business offers a versatile selection of payment methods. In accordance with our previous announcement, we have activated OP Overdraft Facility (OP Tililuotto), for your use. Read more below!

Financing for customers of all Finnish banks

OP Overdraft Facility (OP Tililuotto) is a flexible and safe payment method for larger everyday purchases, with financing up to 7,500 euros. Customers can easily apply for credit during the payment process.

Benefits of OP Overdraft Facility (OP Tililuotto) for consumers:

• Easy-to-use payment method: supported by OP's domestic customer service.
• Purchases on the same invoice: all purchases made during the month are invoiced on the same invoice.
• 30 days interest-free payment period for purchases: interest-free payment period provides flexibility.
• Easy installments: can easily be paid off either in installments or in full.

OP Overdraft Facility (OP Tililuotto) is a responsible payment method whose credit decisions are based on an overall assessment of solvency. It offers a 30-day interest-free payment period with the option to pay in installments. The monthly installment includes an invoicing fee of 5,00 euros. When paying in installments, the nominal interest rate is OP-prime + 9.50%. More information can be found on OP's website, and consumers are also supported by OP Rahoitus' online service.

What does activating a payment method mean?

OP Overdraft Facility (OP Tililuotto) is automatically activated for your account. You can see all your active payment methods in the Payment methods section of the Merchant panel. If you wish, you can deactivate them via the "Status" button. Please note that editing payment methods requires the "Manage information" user role.

Activation is free of charge, but the normal transaction costs according to our price list will be charged for using the payment method (S package: 0,50€/trx + 3,25%, M package: 0,50€/trx + 2%).

Please take time to familiarize yourself with OP Overdraft Facility (OP Tililuotto)'s merchant terms and conditions (in Finnish). A description of the payment method for consumers can be found in our Help Center »

Our customer service team will be happy to answer any questions you have about OP Overdraft Facility (OP Tililuotto) or its activation.

Best regards,

Paytrail team