To Sellers,
Are your customers asking for longer payment terms?
Get paid faster with Early Pay
Boost your sales by offering them longer terms.
Get paid instantly with aqeel Early Pay!
How Early Pay Works
Early Pay in action
We had $130k tied up in a 90-day invoice – money we desperately needed for the next order. aqeel paid us in 24 hours, took over the invoice, and let us keep moving. Cash flow freed, stress gone.
Supply Chain Manager
$25M Manufacturing Company
FAQ – Answers to your questions
What are the requirements to qualify for aqeel’s Early Pay program?
To qualify for aqeel’s Early Pay product, your business must be incorporated either in 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. If your application is successful, you will receive a daily discount rate and an advance rate that all your future requests will be based on.
How does aqeel’s Early Pay product work?
We purchase your outstanding receivables that you have from other businesses so that you don’t have to wait for payment from your customer. We pay you today and collect from your customer at the due date.
How much will it cost me?
The cost depends on four factors: your invoice amount, your daily discount rate, your advance rate, and how many days until the invoice is due. Our rates start at 1.75% per month.
For what type of sales can I request Early Pay?
Our solutions work for businesses selling tangible goods to other businesses. Whether you're selling raw materials, components, or finished products, aqeel lets you get paid early once you've fulfilled your order and shipped the goods.