How does Capchase Pay handle buyer eligibility without performing a traditional credit check?
Capchase Pay conducts a 'behind the scenes' eligibility check that takes approximately one minute. This process leverages publicly available information to verify the buyer is a legal entity, meets Capchase's requirements, and has no fraudulent activity, without impacting their credit score.
Can Capchase Pay be used for both new sales and renewal contracts, and are there any usage minimums?
Yes, Capchase Pay can be used for both new business deals and renewals. There are no obligations or usage minimums, allowing vendors to choose which deals they want to finance through the platform.
What specific payment methods can my customers use when opting for flexible terms through Capchase Pay?
Customers can flexibly pay their contracts via ACH debit or credit card, depending on their geography. This includes specific methods like ACH, BACS, SEPA, Autogiro, and PAD. Additionally, customers have the option to pay upfront directly through Stripe at no extra fee.
How does the Capchase AI feature automate the process of generating payment links and financing offers?
Capchase AI eliminates manual data entry by automatically generating detailed payment links with the financing offer. This is done by processing your uploaded quote or purchase order, or by syncing data directly from a CPQ system, streamlining the creation of flexible payment options.
What is the typical setup time for a vendor to start using Capchase Pay and close their first deal?
The setup process for Capchase Pay is designed to be very simple and fast. Vendors can typically be registered and ready to close their first deal with flexible payment terms in under 24 hours.
In which countries can buyers be located to be eligible for Capchase Pay financing?
To be eligible, a customer must be a business located in a supported geography, which includes the United States, Canada, United Kingdom, Ireland, Spain, Belgium, Netherlands, Finland, and Sweden. The annual contract value must also meet a minimum threshold based on local regulation rules for business lending.