Get paid on time, every time

Rainchq is a payment gateway incorporating full cycle identification verification, automated debt collection, dynamic collection cycles (BNPL) & offers trade credit protection/insurance for all businesses offering trade credit facilities or businesses wishing to formalise existing handshake arrangements.

Rainchq allows you to offer new or existing customers a trade credit facility with BNPL terms set by you, and should things go wrong insures the debt for your piece on mind (T&C’s apply).

  • Automatic debtor collections linked to customers chosen method of payment. EFT or CC

  • Trade credit insurance with no excess.

  • Late payment penalties and fees

  • Full cycle individual & business onboarding verification KYC & KYB

  • Email & SMS reminders

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Powerful Features

  • Add late fees and interest on missed payments

    Automatically added when payments are missed or defaulted.  Rainchq adds fees and interest to the next scheduled collection should a payment fail to be collected after 7 days from due date.  Interest and late fees are collected and shared between the seller and Rainchq at a ratio of 60/40 direct into the nominated bank account.

  • Instalments payments (BNPL) Buy Now Pay Later

    Offer customers the global trend and growth of BNPL on your terms with dynamic cycles, all insured by Rainchq (T&C’s apply).

  • Auto collections

    Secured against a nominated method of payment. Collections are automatically withdrawn from the customers chosen method of payment such as EFT or Credit Card.

  • Email & SMS reminders

    Send reminders of pending payments

  • Automated debt rollover with late fees and interest accrued

    Rainchq adds fees and interest to the next scheduled collection date should a payment fail to be collected.  All this with the security of Rainchq insuring the debt (T&C’s apply).

  • Reduce the burden of month end collections

    Reduce the number of hours accounts receivable staff spend confirming payments, often for small amounts.  Rainchq’s dashboard will update automatically with missed payments without the need to contact the customer.

  • Custom credit limit creation

    Limit customers from purchasing products or services outside your comfort level, with the creation of customer specific trade credit facilities.

  • Dynamic collection cycles

    Set your own customised collections and the interval in days between them with the Rainchq Dynamic Cycles functionality.

  • Full cycle individual and business onboarding verification KYC & KYC

    Streamline your business verification process! Delegate AML watchlist and registry screening, beneficiary verification, and company structure checks. Handle every identity verification requirement in a single dashboard. Verify users, businesses, or transactions, all while managing cases and deterring fraud.

  • Never let a suspicious transaction slip past

    Transaction fraud is on the rise, with total losses expected to exceed $48 billion in 2023. Deter financial fraud and maintain compliance with a powerful transaction monitoring tool designed for compliance and risk teams. Become compliant with GDPR (General Data protection Regulation), AML (Anti-Money Laundering), PCI DSS (Payment Card Industry Data Security Standards), CTF (Counter Terrorism Financing), and FATF (Financial Action Task Force).

  • Trade credit insurance

    Have confidence to expand your business.  Most businesses, the value of the debtor ledger, the money you are owed, is one of the largest assets, and yet often uninsured, especially where the transaction sums are numerous and small.  Rainchq insures 80% of the original transaction, with payouts typically finalised less than 20 days after the final missed collection (T&C’s apply).

  • Reduce DSO (days sales outstanding)

    Your payment collection process should be organized and systematic. Rainchq online collections software helps you do that. With the Rainchq automated collections software, you can track payment status, set automated payment reminders to be sent out, and customize your collection cycles. You can collect from your customers on time, every time.

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Testimonials

Hi, I’m Keith Clark the owner of KAC Electrical, Sydney. Since installing Rainchq, an automated accounts receivable & onboarding platform, I’ve improved my overall customer experience with a simple onboarding process for new/existing customers, payment reminders, and interest-free trade credit, should customers pay on time.  Rainchq also charges penalties for late or missed payments, which encourages my customers to pay on time every time. Both my cashflow and dso (the time customers take to pay me) have improved considerably. The automated collections save time at month end, and the instalments or part payments are attractive to existing and potential customers.

I no longer have to ring hundreds of customers, often chasing small amounts. I also have the flexibility to choose, the number of collection cycles and days between them with the dynamic cycles functionality……, and all this with the security should things go wrong, Rainchq will settle 80% of the transaction or outstanding balance within 20 days of the final default.

Surprisingly easy to install with Xero, Rainchq has made my onboarding and collections easy.

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