Optimizing the cash flow "cycle" of e-commerce businesses
No annual fee, no commission, no credit check required sales-linked business card
"Cycle by GMO" to be launched in early autumn 2020
~You can use the sales proceeds of the previous day, and you can improve and increase your cash flow~

GMO Epsilon, Inc. (President & Chief Executive Officer: Kazunari Taguchi hereinafter referred to as "GMO-EP"), a consolidated company of GMO Payment Gateway, Inc. (hereinafter referred to as "GMO-PG") in the GMO Internet Group, has partnered with Credit Saison Co., Ltd. (Representative Director, President & COO: Masahiro Yamashita, hereinafter referred to as "Credit Saison") to provide e-commerce businesses using the "Epsilon payment Service". We will start offering the sales-linked Visa business card "Cycle by GMO (hereinafter referred to as "Cycle") in early autumn 2020 that can be used with no annual fee or commission.
"Cycle" is a service that allows users to charge (* ¹) the proceeds from the previous day's sales processed payment by the "Epsilon payment Service" on the company's e-commerce site and use it for payment at Visa member stores. As a result, there is no need for credit check, which is usually required for credit card issuance ^(*2), and it can be used without waiting for the receipt of sales proceeds, so the cash flow cycle can be optimized.
GMO-PG is participating in the "Fintech Fast Track Program" of Visa Worldwide Japan K.K. (Chiyoda-ku, Tokyo, President & Chief Executive Officer: Stephen Karpin, hereinafter referred to as "Visa"), and this is the first project of the program.

• The maximum amount that can be charged is half of daily sales.
• *2 There will be a separate screening process for using the Epsilon payment Service. In addition, when accepting applications for "Cycle", there are prescribed procedures such as corporate and identity verification.

Business cards issued to SME, sole proprietors, and corporations have many advantages, such as "saving the trouble of accounting and settlement," "preventing omissions in recording expenses," and "debiting from the bank on a fixed date every month, so you can afford to payment from the time you use the card, and you can expect to improve your cash flow." In addition, it can be effectively used when funds are suddenly needed, such as sudden purchasing and advertising placement in response to demand, which are common among small and medium-sized EC businesses. However, there are many small and medium-sized e-commerce businesses that do not have a business card, or even if they have one, they rarely use it for reasons such as "the credit check is not accepted because it has just been established or profits are small," "the burden of annual fees and fees is high," and "the use of benefits such as point rewards is not easy."
Therefore, GMO-EP has partnered with Credit Saison to provide a sales-linked Visa business card "Cycle" with no annual fees or fees and no need to credit check from early autumn 2020 so that small and medium-sized e-commerce businesses can use business cards with a small burden.