To Buyers,
Have you struggled to pay your suppliers because of bad payment terms?
Say hello to smoother cash flow.
Extend your payment terms with suppliers.
Upload your Accounts Payable and select what you want to pay later.
You can control when and how long to extend your payment terms (up to 120 days).
How Sell First, Pay Later works
Sell First, Pay Later in action
aqeel transformed our cash flow overnight - selling first and paying suppliers on our terms let us scale production without the usual headaches. It's a game-changer for manufacturers like us.
Founder
Industrial Manufacturer
FAQ – Answers to your questions
What are the requirements to qualify for aqeel’s Sell First, Pay Later product?
To qualify for aqeel’s Sell First, Pay Later product, your business must be incorporated in either the United States or Canada and have been operating for at least three years. In addition, your business must be selling to other businesses located in the United States or Canada.
How does the sign-up process work?
The sign-up process is quick and easy, usually taking only a few minutes to complete. During sign-up, you'll be asked to provide information about your business 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 2.00% per month. When you qualify, you'll receive a monthly extension rate based on your business's credit profile. The cost for each extension is calculated using three factors: your request amount, your monthly extension rate, and the number of months you're extending payment.
How long can I extend the payment of material or inventory purchases with aqeel’s Sell First, Pay Later product?
You can extend payment on your material or inventory purchases for up to 120 days. Extensions are available in 30-day intervals, with a minimum of 30 days and a maximum of 120 days.
For what type of purchases can I request a payment term extension?
Our solution is tailored 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 materials after you've produced, shipped, and collected revenue from your customers.