How It Works
What are the requirements to qualify for Sell First, Pay Later?
To qualify, your business must be incorporated in either the United States or Canada and have been operating for at least three years. The application process is quick and easy, usually taking about 15 minutes to complete. During this time, you'll be asked to provide the necessary documentation and connect your business bank account to our portal. Once all information is submitted, we will review your application and typically notify you of your eligibility within 1 to 3 business days.
How much will it cost me?
Our rates start at just 1.75% per month of the outstanding invoice amount you wish to extend. With no hidden fees, you only pay for what you use. The cost is based on your business profile, the invoice amount, and the duration of the extension.
For what type of purchases can I request a payment term extension?
Our solutions are perfect for businesses that buy and sell tangible products. Whether you're purchasing raw materials for a large order or stocking up on inventory, aqeel allows you to extend payment terms on these purchases. This means you can pay for your items after making sales and collecting revenue.
Why should I not use bank financing or credit cards for my purchases?
Banks often fail to meet the needs of small businesses with outdated systems and inflexible loan structures. Credit cards come with high interest rates, hidden fees, and spending limits that can hinder larger purchases. Additionally, many suppliers don’t accept credit cards due to high interchange fees.