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Get cash against your future receivables from your Payment Gateway

Avail a working capital line against your future expected payments from Payment Gateway on your eCommerce Sales. Invoice Bazaar, an SME working capital provider has partnered with PayTabs to help eCommerce Sellers in UAE get access to finance against their sales.

You need to authorize PayTabs to share information about your business and we can revert within 48 hours with a term sheet*.

  • We understand that all credit decisions are made by Invoice Bazaar Forfaiting Services LLC based on the data available on our company. We also hereby provide our explicit consent for PayTabs to share information on our transaction history with Invoice Bazaar towards credit assessment. We agree to all the terms of service and privacy policy of PayTabs as well as Invoice Bazaar.  

How does this work?

FAQs

Who is Invoice Bazaar?

Invoice Bazaar is a UAE based Receivables Finance platform that facilitates suppliers get early payment from Buyers. Invoice Bazaar was setup in 2016 and has been an active player in the world of Receivables Finance/Supply Chain Finance.

What is the relationship between PayTabs and Invoice Bazaar?

PayTabs and Invoice Bazaar have partnered to help SMEs using PayTabs Payment Gateway to help them with their working capital so that merchants can avail liquidity to make supplier payments.

How does Invoice Bazaar make credit decision?

Once you authorize PayTabs to share your sales data, Invoice Bazaar credit engine takes a credit decision based on your vintage, rating and weekly sales data. This will require you to authorize PayTabs to make your future sales proceeds to be credited to your nominated Virtual Bank Account with Invoice Bazaar towards the liquidation of the credit facility

How soon will Invoice Bazaar make payments to us?

As long as you keep providing authorizations and sign up all the documentation, you could expect liquidity within 72 hours from the time you sign up. This could be a revolving line and we can keep funding you as soon as the previous tranche is paid out.

What is the fee/charges for getting paid from Invoice Bazaar?

Invoice Bazaar would typically fund you your next 4 weeks of expected sales. The fee for this service is fixed at 3% of the monthly sales value on PayTabs. The initial legal documentation and the setup fee would be AED 525 (Including VAT).