eOnePay Finance exclusively serves the logistics and transportation industry. We enable you to enjoy expedited cargo release with Eonepay while deferring your payment.
B2B payments, aims to be a one-stop money shop for SMEs and sees payments as central to good cash-flow management
Eonepay Finance is a financial technology company that facilitates short term 15, 30 and 45 day credit solutions to approved clients of Eonepay that will have the ability to manage their working capital by accessing credit directly through the proprietary Eonepay Platform rather than make payments from their bank accounts.
Eonepay is the world's leading online payment platform for the shipping and cargo industry with a patented platform serving as the industries most secure and efficient payment solution allowing customers to move funds and payment information to their Freight Vendor for "Rapid Release" of the cargo. In many cases, cargo is released within one hour of payment.
Payables Credit: 15, 30 or 45 day terms to NVOCCs and Freight Forwarders; allows better matching with receivables timing from their customers
eOnePay Finance customers receive all the expedited cargo-release benefits of Eonepay while deferring their vendor payments to better manage their cash flow and working capital. Particularly for growing businesses, this intelligent cash management is a huge benefit, and it is accomplished without any changes whatsoever to normal transaction workflow processes.
1. Client completes credit application online, and provides requisite financial information, and requested credit availability
2. PCF reviews submission and renders credit decision
3. Upon approval, credit agreement, promissory note, and security agreement are sent to client, along with approved credit availability
4. The “Pay with Credit” option is activated within the Eonepay platform
5. The client may choose to either pay with an overnight debit or utilize Eonepay Credit
6. If the latter is chosen the client’s approval screen includes the payment due the shipper plus the financing fee for Eonepay Finance
7. In accessing the credit option, the client has agreed to have its ACH account debited in 29 days for the stipulated amount
8. The client sees credit utilization and availability on a real-time basis, within the system.
9. PCF receives daily utilization reports from the Eonepay system