How it works

So you are ready to finally get your hands on that product you wanted so much!

At atokes.com you can buy all kinds of products and pay for them in monthly interest-free installments. It goes without saying that it’s so much more convenient to pay for something in small monthly installments rather than a one-off huge payment. Suddenly, everything becomes more affordable.

To do so though, you must fill in some information in order to create an account and then upload some documents for it to be verified and for a credit limit to be assigned.

We will explain in detail how to do so and why certain information is crucial in order for you to be allowed to buy with atokes.

• To create a new account just click on “Login” and then “Create your Account”. In Step 1 you will be asked to fill in some basic information about yourself. We need that information to create a basic account that you can use to browse the marketplace, but cannot yet buy anything. Now, make sure you have read the Terms and Conditions and proceed to Step 2.

• During Step 2, we ask for some very important information which will be used to approve your account and give you the opportunity to buy with atokes. This information will also be used to calculate your monthly credit limit. The more information you provide,  the better the chance to being verified with a higher credit limit.

The documents are the following:

• ID or PASSPORT – Take a clear photo or scan of your ID card (both sides) or Passport. This is needed to make sure that you are a Cypriot Citizen and cross-reference the picture of your ID with the selfie photograph you are going to upload next.
• SELFIE PHOTO – Take a clear selfie of yourself to be cross-referenced with your ID
• PROOF OF INCOME – A recent three-month (at least) bank statement is required. This bank statement should be the one where your monthly income is credited and is clearly visible. This is crucial for the approval of your account and the creation of a credit limit. We know that this information is sensitive, however the bank statement will be uploaded to our secure servers, analysed and then deleted within a very short time-frame. The Company is fully compliant with GDPR regulations.
• UTILITY BILL (Proof of address) – We ask you to upload a recent utility bill, on your name, so that we can verify your address.
• OTHER INFORMATION – These are not mandatory but by providing them, you have a better chance of being assigned a higher credit limit.

Our systems will analyse all this information. Your account should be verified within 24 hours and on your profile page you can view the status of your account and once your account is verified, you will also be able to view your monthly credit limit.

Credit Limit example:

Let’s say you were approved for €100/month. This means you will be able to buy something that is worth as much as €600 and pay for it in 6 installments.

But what if the product you want costs more than your credit limit and maximum installments? Let’s say you want to buy a new TV from atokes that is worth €800, where the maximum number of installments of 6 would result in a monthly installment of €133. However, you were only approved for €100. Don’t worry, you can still buy it, but you will have to pay an initial amount of €200 which reduces the required monthly installment to €100, thus satisfying the monthly credit limit assigned to your account.

For some frequently asked questions, you can also check out our Frequently Asked Questions

How Credit scoring works:

• On verification of your account, you will reach the Bronze Level
• For every completed purchase you make where all installments were paid on time, you will proceed to the next Credit Level where the maximum number of installments is extended
• If any installment is not paid on time, then you will stay on the Bronze Level or move down to the previous Credit Level
• You can always view your Credit Level here
• For more details, you can check out our Frequently Asked Questions