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by webmaven
2022 days ago
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Hi Tara, congratulations on the launch! Will Stripe Treasury support Factoring use cases? If you're not familiar with factoring, let's say you get a large order that you can't actually afford to fulfill due to a lack of cash-on-hand to buy materials, rent equipment, etc. Rather than requiring the customer to pay up front or getting a loan (possibly using the invoice as collateral), you can just sell the Net-30 (or 60, or 90) invoice outright for something like 95ยข on the $ to get the money you need to fulfill the order. This is particular popular in industries like fashion that have long lead times for both manufacturing and for billing. Anyway, could Treasury be used like this? |
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