How It Works
Rainchq simply divides the total transaction value equally by the number of dynamic cycles (instalments) you set, and collects each part on the anniversary date. You can choose to ship the goods or wait until the final payment is received – it’s your choice.
Shipping the goods comes with the certainty Rainchq underwrites (insures) the debt at 80% of total or total outstanding. We can offer this due to our solid onboarding process – the latest in digital identification verification – KYC & KYB. We also encourage your customers to pay on time, every time, with reminders, and the potential to incur late payment fees and administration costs.
Everything you need in one place to onboard new customers and manage collections of existing customers, improving DSO. Give yourself the confidence to expand knowing Rainchq supports business.
- No lock-in contracts
- Free to install, and you only pay when you use. No monthly subscription fees.
- Works in conjunction with your current payment gateway or collections method.
- Only use on customers you choose.
- Unlimited access to your exclusive Rainchq portal to track and manage all transactions and fees.
- Unlimited invoices.
- Unlimited SMS/Email reminders.
- Late fee & interest automatically accrued on missed payments (see schedule of late fees and interest)
- Unlimited onboarding verification – individual and business.
- Automated collections linked to the customer’s nominated method of payment and deposited directly into the seller’s nominated receiving account.
- Insured debt 80% of the transaction value. Capped at $5000.00 per transaction (T&C’s apply).
- No charge compliance with GDPR, AML, KYC, KYB, PCI DSS, CTF & FATF.
- Custom dynamic collection cycles creation.
- Establish a trade credit limit per customer.
