How do I make the payments for my Credit Limit?
Your account will be set when you sign the agreement. We will collect payments by processing an ACH to your account every time a payment is due.
Payments will be automatically withdrawn from your bank account (via ACH Debit) or your SellersFunding Wallet account when the marketplace payment is posted to your account.
You will NOT need to initiate payments yourself, it is all done automatically for your convenience.
Do I need to transfer, wire, or write checks for my payments?
You DO NOT need to transfer, wire, or write checks. All collections are done through ACH to your account.
What are my payments dates?
Your agreement has your scheduled payment with all due dates specified. It will also include your principal and interest payments. If you need additional information, please contact us at email@example.com.
What if I miss one payment?
If you will not have sufficient funds on your account when a payment is due, let us know ahead of time so we can work on a solution together – this way we can avoid late fees. If we are not able to get in touch with you, we will have to send your case to a Collections Agency, report it to the credit bureaus and fees will be higher. If you are going through financial hardship, please let us know at firstname.lastname@example.org.
What if I miss two payments?
If you miss two payments, according to our agreement you will be on automatic default. This means we will send your case to a Collections Agency, report it to credit bureaus and the fees will be higher. Please contact your Account Manager, contact us at email@example.com, so we can work on a solution together.