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  2. I am a Seller using MODIFI

I am a Seller using MODIFI

  • What is MODIFI Seller Finance?
  • How does it work for sellers?
  • What are the benefits of MODIFI seller financing?
  • How do sellers repay financing?
  • Will my buyers be contacted by MODIFI?
  • Does MODIFI require any collateral?
  • Which currencies does MODIFI support?
  • What happens if I receive the money of my buyer directly
  • What happens if my buyer does not pay? How do you define default? What is my max loss in this case?
  • What if there is an adjustment to the invoice amount once it reaches the buyer? How do you manage that?
  • What happens in case of dispute? What is the process?
  • Can I upload House BL/FRC to receive payments?
  • What if there is an adjustment to the invoice amount once it reaches the buyer? How do you manage that?
  • In which currency is the payout?
  • Do you finance transactions where the buyer pays a partial cash advance?
  • I only offer pre-payment or D/P terms to my buyers, or I require LCs, why should I consider MODIFI Seller Finance?
  • Does MODIFI offer pre-shipment finance? I need the money to finance my purchases.
  • Will you share my buyer information or financials with anyone else?
  • How is MODIFI Seller Finance different from other factoring solutions?
  • How can I track payments by my buyer to MODIFI?
  • Can I collect payment from my buyer on MODIFI's behalf? Can my buyers pay me directly ?
  • How quickly can MODIFI send payments to me?
  • Do my buyers need to sign up with MODIFI?
  • How long does it take to approve my buyers?
  • Which countries are supported for buyers?
  • What are the requirements for a buyer to be eligible?
  • What are the minimum requirements for a seller to work with MODIFI?
  • How are my fees structured?
  • What is non-recourse bill discounting?
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