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anticipo transato POS

English translation: advance on POS transaction receipts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:anticipo transato POS
English translation:advance on POS transaction receipts
Entered by: Vincenzo Di Maso

12:28 Feb 14, 2020
Italian to English translations [PRO]
Law/Patents - Law (general)
Italian term or phrase: anticipo transato POS
Anticipo transato POS fisico e POS virtuale
La linea di credito per ottenere fino al 70% dei tuoi incassi POS
Ottieni in anticipo gli incassi futuri del POS. Al crescere dei tuoi incassi puoi chiedere l’aumento della linea di credito

Desideri avere maggiore liquidità grazie all’anticipazione degli incassi di vendite future?

Anticipo transato POS è il servizio che ti consente di avere un credito, con tasso agevolato, commisurato agli incassi effettuati tramite il terminale POS.
Vincenzo Di Maso
Portugal
Local time: 21:50
advance on POS transaction receipts
Explanation:
You could say it in different ways. Italian banks are now offering loans to shopkeepers, where the repayments are taken from the payments they receive on their POS. The loans are often in the form of authorised overdrafts, which makes them "advances" as in "loans and advances". The whole process can often be completed automatically online.
Selected response from:

James (Jim) Davis
Seychelles
Local time: 00:50
Grading comment
thanks, Jim!
4 KudoZ points were awarded for this answer



Summary of answers provided
5advance on POS transaction receipts
James (Jim) Davis
3 +1POS flow credit
Cedric Randolph
4credit based on past payments by cards
Vittorio Preite


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
POS flow credit


Explanation:
Many banks offer this see first website below and many others. in website 2 below MPS calls it with another name. This is where I drew my translation


    https://www.credit-agricole.it/prodotti/piccole-imprese-e-professionisti/finanziare-la-tua-impresa/categorie/finanziamenti-a-breve-termine/a
    https://www.mps.it/small-business/finanziamenti-cassa-o-a-breve-termine/anticipo-flussi-pos.html
Cedric Randolph
Italy
Local time: 22:50
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 255

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I can't find this concept on any English-language website. It's a form of factoring, and I guess it doesn't really matter what you call it.
16 mins
Login to enter a peer comment (or grade)

16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
credit based on past payments by cards


Explanation:
POS a common Italian acronym used to indicate all payments by cards, hence recorded. Here the (future) credit line shall be based card payments. Point Of Sale POS.

Vittorio Preite
United Kingdom
Local time: 21:50
Works in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 105

Peer comments on this answer (and responses from the answerer)
neutral  James (Jim) Davis: Vittorio a "POS transaction" is commonly used with the aame meaning in English too https://www.investopedia.com/terms/p/point-of-sale.asp
3 days 2 hrs
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3 days 18 hrs   confidence: Answerer confidence 5/5
advance on POS transaction receipts


Explanation:
You could say it in different ways. Italian banks are now offering loans to shopkeepers, where the repayments are taken from the payments they receive on their POS. The loans are often in the form of authorised overdrafts, which makes them "advances" as in "loans and advances". The whole process can often be completed automatically online.

James (Jim) Davis
Seychelles
Local time: 00:50
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1667
Grading comment
thanks, Jim!
Login to enter a peer comment (or grade)



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