How long does the approval process take?
How long does the approval process take? Registration process/usage With the required documentation, JITpay™ can set up a new account in most industries within just 1 to 3 working days.
Why do I need to be personally identified?
Why do I need to be personally identified? Registration process/usage JITpay™ is obliged to identify all contractual partners beyond doubt in accordance with the provisions of the Money Laundering Prevention Act. This procedure is comparable to the checks required to open an account with your bank.
How do I register with JITpay™?
How do I register with JITpay™? Registration process/usage You simply register on our website. You will need your company details and your personal details. You will first be asked for your personal information. Fill in the required fields with the required information. You will then receive an e-mail containing an activation link for your account […]
Is there an upper limit to the amount of funding I can receive?
How do I register with JITpay™? Registration process/usage You simply register on our website. You will need your company details and your personal details. You will first be asked for your personal information. Fill in the required fields with the required information. You will then receive an e-mail containing an activation link for your account […]
Is a minimum monthly amount required?
Is a minimum monthly amount required? Questions that may arise before the registration process No, with JITpay™ you do not need to submit a minimum monthly volume to work with us as a factoring company.
Am I eligible for receivables factoring if I don’t have a perfect credit rating?
Am I eligible for receivables factoring if I don’t have a perfect credit rating? Questions that may arise before the registration process Yes, you are eligible for factoring even if your credit rating is not perfect! Most factoring companies do not base their financing decisions solely on the creditworthiness and payment behaviour of your clients. […]
Am I tied to a long-term contract?
Am I tied to a long-term contract? Questions that may arise before the registration process With JITpay™ you are not tied to a long-term contract. You can terminate the collaboration at any time with a written notice.
Am I obliged to submit every invoice?
Am I obliged to submit every invoice? Questions that may arise before the registration process No, you do not have to submit every invoice. It is normal for some clients to pay more quickly than others. You can decide for yourself which clients and invoices you want to invoice.
What type of invoices are eligible for factoring?
What type of invoices are eligible for factoring? Questions that may arise before the registration process Factoring offers financing for both new invoices and outstanding invoices. Eligible invoices are: Current Not overdue according to your company’s terms Payable by another company Not pledged – no other company may have a claim on the invoice
How long to I have to be in business to be eligible for factoring?
How long to I have to be in business to be eligible for factoring? Questions that may arise before the registration process You don’t have to have been in business for long – some service providers now even offer factoring for start-ups.
