What is The Receivables Exchange?

The Receivables Exchange is an online marketplace for selling your accounts receivable.  It is an alternative to traditional funding options, giving you better rates, terms, and more control over the process.

Do the Sellers know who buys their invoices?

No. The transaction is anonymous to the Seller.

Does The Receivables Exchange notify my customers that I am posting their receivables for sale?

No. As a standard practice The Receivables Exchange does not notify your customers if you sell a receivable on the Exchange.  

How are the Advance Amount and Discount Fee determined?

Sellers specify the minimum Advance Amount they will accept and maximum Discount Fee they wish to pay when selling a receivable. Sellers are not obligated to accept bids outside of their requested parameters.

How are the funds transferred?

The Receivables Exchange uses wire and ACH services to transfer funds. Funds flow through a JP MorganChase lockbox in your company's name.

How do I become a Seller?

Businesses interested in becoming a Seller need to complete the online Seller application. Sellers are required to pay a one-time $500 registration fee upon application submission.

How long does it take to become approved as a Seller and be eligible to post receivables?

The approval process takes an average of 1-2 weeks, depending on the Seller’s ability to provide the requested documentation to The Receivables Exchange.

How long does it take to get funding?

Once approved as a Seller, cash can be available in 24 hours.

How long will it take for me to receive the Advance Amount?

The Seller will have access to the funds the next business day after a bid is accepted.

How often can a Seller use the Exchange?

As often as you like.

Is there a maximum permissable receivable term?

A receivable must have a term of 90 days or less.

What are the eligibility requirements to become a Seller?

Sellers must meet the following criteria:

• At least 1 year of operational history
• Registered to do business in the U.S.
• A minimum of $500,000 in annual revenue
• Must have B2B or B2G invoices

What happens if my customer doesn’t pay their receivable?

Sellers are bound by a Repurchase Obligation that requires the Seller to repurchase the receivable should the customer not pay.

What if Buyers don’t buy my invoice?

99.8% of invoices posted are sold. Also, a Seller can make their invoice more attractive by either lowering the minimum Advance Amount or raising the maximum Discount Fee.

What if my business doesn’t have a long credit history?

One of the tremendous benefits of The Receivables Exchange is that our Sellers are able to leverage the credit-worthiness of their best customers. For example, if you are a small business that is only two years old but has Fortune 500 companies as customers, your receivables will be evaluated by the Buyers based on the higher credit rating of your best customers.

Is there a minimum amount I need to meet in order to use The Receivables Exchange?

There are no monthly minimums. We only require that each time a seller posts invoices they be bundled totaling $10,000 or more.  Single invoices above $10,000 are, of course, also fine.