Shift Payments is a platform that simplifies trade credit. You can use Shift to manage your trade credit program and streamline the entire payments process between you and your customers. As a supplier of goods, Shift helps you release capital by paying you today, while providing trade credit to your customers. Simplify and focus on your core business without dedicating people, systems and effort to manage a cumbersome in-house trade credit and receivables program.
What happens if a customer doesn’t pay?
If a customer doesn’t pay an invoice, it’s up to Shift Payments to follow up and collect payment, not you. Shift Payments pays you on time, every time. One of the benefits of Shift is that you are separated from your customers’ obligations and can effectively remove the risk of late payments and bad accounts from your accounts receivable.
Once you are set up with Shift Payments, you can begin enrolling your customers. Shift Payments will send an invitation on your behalf to your customers via SMS. If your customer doesn’t already have a Shift account, they can open one in a few simple steps. Once a customer has opened an account, you will receive a confirmation so you can begin transacting with them on Shift.
You can offer your customers terms up to 14 days at no cost. If they need longer to pay, your customers can choose to extend payment terms up to 90 days for a fee.