This is a payment option for customer either by cash or a very short-term credit facility that offers payments convenience to companies. The repayment is done within 48 hours maximum subject to agreement signed.
Benefits
To facilitate cash payments on behalf of companies with multiple account of payments option or handle HR/Accounts payment work on behalf of respective company
No interest and has welcoming commission on the same
Assist payments to suppliers, government agencies, staff etc
Easier to share proof of payments for complicated transactions
Eligibility
The company should have high turnover
The company should have a large number of transactions
The company should be formally registered as limited company or trade name/sole proprietor
