Financing and Payment with Terms

Written by
Aya Neeman

What is Balance financing?

Balance will pay you upfront for invoices issued to qualified customers. This enables your customers to pay with terms while you get paid immediately...improving cash flow, reducing the overhead of collections, and eliminating the risk of default.

What net-terms do you enable in your checkout?

Customers can choose to pay with net-terms of 30, 60, 90 and 120 days.

What is the qualification process required for net-terms? What is required from the customers in order to be approved?

Customers can be pre approved for net-terms from the platform or they can do it straight from the checkout. All the customers need to do is link their bank account, and from there we will conduct a short analysis that takes 6-8 seconds for a decision to be made.  

How will I receive the payouts? When should I expect to receive the funds?

In a financed transaction, you will receive the funds to the bank account you’ve set in your account settings within 1-2 business days.

What happens if customers are not approved for net-terms?

If a customer is not approved for net-terms, a message will be presented at the end of the process. In this case, we will not be able to finance the transaction.

What happens if customers don't pay you when the payment date arrives?

Once a transaction is financed - you get paid immediately and don’t need to worry about collection. We are responsible for the collection process, and take on the risk of default and delays.

Can customers be pre-approved for net-terms?

Yes. You can qualify customers from the Balance platform so when they create a transaction they will already be approved for financing and payment with terms. The qualification process is done from the ‘Buyers’ page in the platform. Click on the relevant customer, and then click on ‘View More’. In the buyer page, click on ‘Qualify for Terms’.  

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