- Recognise
the profit from the sale directly in your income statement
- We will do
the credit checks on your new – and existing – customers and remove the risk
that your customers will be unable to pay
- Offer your
customers to divide up their payments over a longer period of time or pay the
full balance in connection with their next statement
PayEx
Overdraft gives your customers the option of dividing up their purchases from
different points of sale that are connected to the service. By selling your
receivable to PayEx, you will be able to collect the money from your bank
account already on the following day. PayEx assumes the credit risk and handles
the demand process, allowing you to continue to concentrate on your core
business.
PayEx
Overdraft is quoted individually based on your repayment ability and the value
of the collateral (the invoice).
Financial
services are offered in combination with other PayEx services, such as PayEx
Payment Services, creating opportunities for customer loyalty discounts on
favourable terms.
The Payment
by Instalment service in PayEx Overdraft is priced as:
- A
percentage of the amount of the receivable
Any funding
costs (interest, arrangement fees, etc) will be paid by your customer.
PayEx
Overdraft can be offered as a stand-alone service for physical stores or as an
add-on service for customers using PayEx Payment Portal for e-commerce stores. A
funding agreement is signed for a minimum period of 12 months.
The
purchase comprises receivables created in your normal business operations or in
your e-commerce store.