meps plus

meps plus

Bringing you the added value of cash advances!

 

If you need a cash advance, your MEPS POS machine is now all you need for a smooth and quick process. The MEPS Plus cash advance service is the first of its kind in Jordan and offers you instant and interest-free liquidity, with the option to repay in flexible installments using your business’s transactions through its MEPS POS machine.

 

Get instant cash advance guaranteed by your future transactions

 

Whether you are in the business of selling products or offering services, and in whatever industry your business belongs to, MEPS Plus ensures smooth and continuous operations for your business. This means you can avoid delaying business purchases or waiting for sales to cover the costs or expenses that come up here and there. You have the option to specify the cash advance amount you need and receive it without complications. More importantly, you have the option to repay over a flexible time period in daily installments that are made through business transactions over your MEPS POS terminal.

 

meps plus points

meps plus points

 

MEPS Plus features:

  • Cash advances start at JD 300 and can go up to JD 10,000.
  • Cash advances are received through a credit card with the amount you request.
  • Advances are interest-free. Only administrative and fixed commission fees apply.
  • As soon as you receive your new MEPS Plus card or when MEPS makes a deposit to your existing one with the amount you request, you can simply insert it in MEPS POS machine at you shop and enter the amount that you wish to be deducted from your card and it will be transferred directly to your bank account.
  • The card can be recharged, which means you can request this service repeatedly and the amount will be directly deposited to your card.
  • Repayment period can be over 10, 15, 30, 45, or 60 days.
  • Repayment can begin 3 days from receiving the cash advance, and in accordance with the agreed repayment period.
  • To qualify for MEPS Plus, you will need to present your sales record over the POS, whether with MEPS or any other POS service provider.

 

To get this service or to know more about it, please call the Contact Center at 065300030

Administrative Fees

These fees are charged only once when the credit limit is raised. The amount is a fixed value based on the limit amount and is used to cover the costs of issuing the card, stamp fees, and a portion of the expenses related to the product:

Limits Amount Administrative Fees
300 – 1000 JOD 5 JOD
1001 – 2000 JOD 10 JOD
2001 – 3000 JOD 15 JOD
3001 – 4000 JOD 20 JOD
4001 – 5000 JOD 25 JOD
5001 – 10000 JOD 30 JOD
10001 – 15000 JOD 35 JOD

Administrative Fees

Its is charged when the temporary limit is activated. A fixed commission of (1.50%) of the requested withdrawal amount is charged, along with a fixed percentage as administrative expenses, which is also calculated based on the amount and its is linked to the repayment period as shown in the table below:

Repayment Period Administrative Fees
1 Day 0.50% (including the fixed commission)
5 Days 0.75% (including the fixed commission)
10 Days 1.00% (including the fixed commission)
15 Days 0.50%
30 Days 1.00%
45 Days 1.75%
60 Days 3.50%

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 By cg imagine+invent