What is the factoring fee of Tradewind？
Factoring cost consists of factoring fee, pre-financing interest rate and limit inspection fee。
Factoring fees are charged based on total sales and start from 0 per month.3% 到 0.75%, depending on factoring sales, payment terms, and debtor mix。
What requirements my business must meet？
The four requirements of factoring include:
- The invoiced delivery of services or goods must be unchallenged and complete
- Accounts receivable may not be transferred or secured by third party rights
- Accounts receivable maturity ranges from 14 to 120 days
- A good credit assessment of the factoring company and its debtors
Whether Tradewind assumes the risk that my invoice will not be paid？
In a true factoring (also known as full-service factoring), accounts receivable are transferred to Tradeview, which assumes the full risk of default (del credere risk).。 The supplier is solely responsible for the legal status of the transferred receivables。
What happens to my buyers when I use factoring？
Your buyers will not be affected in any way。 You only have to inform your buyers of the new bank account details, so the only thing that changes is the bank account they have to pay for。 Your buyers will continue to discuss issues related to goods and services with you。
Who will be responsible for the collection process？
Tradewind can provide professional accounts receivable management with the highest level of reliability through a global network。 From written reminders to contacting debtors by phone, get outstanding invoices paid efficiently。
