If you're looking for credit or financing solutions at Qonto, start here. Qonto offers three complementary short-term credit solutions, Overdraft, Credit Card (Deferred Debit Card), and Pay Later, to help you manage cash flow and finance your business operations.
Overdraft helps prevent payment failures by automatically covering transactions when your balance is insufficient. Credit Card (Deferred Debit Card) lets you make purchases throughout the month and repay them in one payment on the 1st of the following month, with 0% interest when repaid on time. Pay Later lets you pay supplier invoices immediately and repay Qonto in 3, 9, or 12 monthly installments.
These products are available to Owners and Admins who have Corporate Officer status (legal representative) in France, Germany, Spain, Italy, and the Netherlands. They are accessible on both 💻 web and 📱 mobile.
⚠️ Important credit usage rules: These three products share a common eligibility framework, and you cannot use one credit product to repay another. Pay Later installments and Credit Card repayments cannot be paid using Overdraft. Missing a repayment obligation on any one of these products results in the simultaneous loss of access to all three, and eligibility cannot be restored once it is lost.
What are the eligibility requirements for these products?
All three products are available on all subscription plans (Solo and Team line-ups).
They share a common baseline of eligibility criteria, plus some product-specific requirements.
Market availability: 🇫🇷 France, 🇩🇪 Germany, 🇪🇸 Spain, 🇮🇹 Italy, 🇳🇱 Netherlands
Common requirements for all products:
- Business legally registered for at least 6 months
- No active debt collection or insolvency proceedings
- Account in good standing with Qonto
- Active KYC/KYB processes completed
- Not a non-profit association
- User must hold Corporate Officer status (legal representative). Being an Admin alone is not sufficient.
Meeting the fixed criteria above does not guarantee eligibility.
Additional requirements for Overdraft:
- At least 10 debit transactions on the account, including 2 debits
- No account block
Additional requirements for Pay Later:
- For clients with less than 3 months at Qonto, the organization must connect an external business account held at another financial institution via account aggregation. This allows eligibility to be assessed based on outside transactions.
Additional internal criteria are evaluated regularly. In particular, the organization must have sufficient inflows.
Additional requirements for Credit Card:
- The business must have opened a Qonto account at least 6 months ago
- Only Owners and Admins can have a Credit Card
- Only one Credit Card can be created per organization
- Only available on Plus and X card types
Eligibility otherwise largely mirrors Pay Later criteria. Eligibility and credit limit are re-evaluated monthly.
💡 Connecting an external bank account can improve eligibility chances and increase credit limits for both Pay Later and the Credit Card.
What are the differences between Overdraft, Credit Card, and Pay Later?
Qonto offers three financing solutions that work differently:
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Overdraft is a revolving credit line that automatically covers payments when your balance is insufficient. Once activated, it works passively as a working capital buffer for many payment types. You only pay interest on the amount used and for the time it is used, at a single fixed rate with no additional fees. To keep access, your balance must return to €0 or above within 60 days of using the overdraft. Interest is calculated daily and charged quarterly.
Payment types covered: subscriptions, direct debits, card payments from the main account (including employee cards), bank transfers, salaries, and payment links.
How to activate: Go to Business account > Accounts > Main account and click Activate overdraft.
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Deferred Debit Card defers card purchases to a single monthly repayment on the 1st of the following month, with 0% interest when repaid on time. You can spend up to €15,000 per month (based on your credit score). All transactions made during the month are accumulated and debited in one payment. Only available as a Plus or X card type, with one card per organization.
Payment types covered: card transactions made using the Owner or Admin Credit Card (1 per company)
How to activate: Go to Business account > Cards and request a Credit Card.
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Pay Later finances specific supplier invoices with structured installment plans. You upload individual, unpaid invoices (minimum €150) and repay Qonto in 3, 9, or 12 monthly installments. Your credit limit ranges from €500 to €100,000 and is reviewed monthly.
Payment types covered: exclusively supplier invoices paid via bank transfers
How to activate: Initiate financing from Financing > Pay Later cockpit, Invoices > Supplier invoice, or Business account > Transfers when paying suppliers.
How do these products interact with each other?
The three credit products share credit lines and have important dependencies. Activating Overdraft or ordering a Credit Card will reduce your Pay Later limit.
Understanding these interactions helps you make informed decisions about which products to activate.
Pay Later and Overdraft: Overdraft and Pay Later share the same overall credit line. For example, if you have a €5,000 Pay Later limit and you activate a €4,000 overdraft, your Pay Later limit drops to €1,000. If your Overdraft and Pay Later limits are similar, you may lose eligibility for the product you do not activate first. This means that if you activate Overdraft first, you may no longer be able to access Pay Later afterward.
Pay Later and Credit Card: The Credit Card limit and Pay Later credit also share the same overall credit line. For example, if your organization has €3,000 total credit and you create a card with a €1,000 limit, your Pay Later credit drops to €2,000. During Credit Card creation, a warning appears showing how the credit line is split between the two products.
Overdraft and Credit Card: These two products have no direct dependency. Activating one does not affect the other’s limit or eligibility.
Activation order matters: If you activate Overdraft or Credit Card before signing a Pay Later contract, the Pay Later available credit will automatically adapt when you later activate Pay Later, to account for the credit already allocated.
What happens if I miss a payment or fail to meet repayment obligations?
Missing repayment obligations has serious consequences that affect all three credit products simultaneously.
You lose access to all three products if any of the following occurs:
- Credit Card repayment failure: the repayment is not settled by the required date (assessed at Day 21 after the failed repayment attempt)
- Pay Later installment failure: an installment is not repaid within 5 days of the due date
- Overdraft overuse: your account remains in overdraft for 6 or more consecutive days after the authorized 60-day repayment period
⚠️ This loss is permanent and cannot be reversed. Once eligibility is lost under these conditions, there is no manual reinstatement process. The organization will not be able to access Overdraft, Credit Card, or Pay Later again with Qonto.
💡 Looking for something different? If none of these products fit your needs, Qonto can also connect you with specialized financing partners for more specific situations (e.g., long-term loans, leasing, etc.).