Until tomorrow, Monday, September 2, freelancers and the self-employed have the opportunity to connect their business account to the direct payment system for free – within the deadline – (in Greece, the IRIS system is currently operating). By connecting to the service, through a simple and quick process that takes only a few minutes and a few clicks from mobile or computer, professionals can accept direct payments from their customers with significantly reduced or no commission costs. It is emphasized that it is not necessary to open a new account, but one of the already existing declared accounts in the Registry of Professional Accounts can be used to register for the service AADE.

It is noted that to date approximately 500,000 freelancers and self-employed people have registered with the service, while recently there has been a rapid increase in documents (over 100,000 registrations were completed in the previous three weeks).

Step-by-step registration with a few clicks and in a minimum of time

The activation of the service is done quickly and easily, without the obligation to visit any bank or service, through the web banking or mobile banking of the cooperating banks 24 hours a day, 7 days a week.

Through the Internet Banking of his bank, the professional in a few steps:

Selects the IRIS Payments service from the Services section in Internet Banking.
It declares the identifier to its customers (TIN).
Connects the business account to which the money received through IRIS Payments will be credited.
Upon completing his registration with the service, a unique business QR code is generated, which he can share with his customers to scan and make payments to his business.
It is reminded that the IBAN chosen by professionals and self-employed persons during their registration must have been declared in the Register of Professional Accounts of AADE, in the digital portal myAADE (myaade.gov.gr) in the path Applications > Tax Services > Professional Account.

A total of 12 banks now provide the service: Alpha Bank, National Bank, Eurobank, Piraeus Bank, Cooperative Bank of Epirus, Viva.com, Optima Bank, Attica Bank, Pankritia Bank, Cooperative Bank of Thessaly, Cooperative Bank of Karditsa and Cooperative Bank of Chania.

Those interested can be informed in detail about the banks that offer the IRIS payments service for professionals through the official website of DIAS S.A., by selecting the bank they work with in the path Services > For Businesses > IRIS direct payments to professionals / sole proprietorships and be informed by bank about how to activate.

Important benefits for citizens and professionals

Signing up to the instant payment service offers professionals a number of important benefits such as:

Easy collection of payments without the need for the presence of the customer and without additional equipment (POS).

Immediate availability of receipts in the business account 24 hours a day and immediate information via SMS or push notification. Professionals receive the money instantly (in 2 seconds) even if the bank they work with is different from the client’s bank.
Security in transactions: Transactions are carried out in the secure environment of the banks’ mobile banking and with the use of biometric data.

Low cost of using the service: The cost of using the service is extremely low or not at all and ranges from 0% to 0.50% of the transaction amount. That is, it is significantly lower if the same transaction was carried out through the use of POS.

It is also noted that the limit of 500 euros per day for transactions through IRIS is applied per customer and not to the total amount of payments that the professional can receive within 24 hours. For example, a professional can receive in one day 4 payments of 500 euros each (a total of 2,000 euros).

In addition, citizens who sign up to the service benefit from absolutely free transactions, (either between citizens or for payments to professionals), easy, fast and secure payment, without IBAN, without card and without cash, just by using their mobile phone.