Behub-e marketplace offers different payment methods and payment terms, depending on where the buyer is located and whether the buyer has qualified for terms.
How to qualify for terms?
The “Qualify for terms” option is valid only for buyers based in the US. We are working on other options, and we hope to be able to offer terms to buyers outside the US very soon.
To check your eligibility, go to your buyer dashboard and click on the “qualify for terms” button. It will redirect you to our payment service provider, Balance, where you will need to complete a compliance form. If your company’s request is approved, you will be notified and will receive a qualification allowance (credit limit), as indicated on your buyer dashboard.
Should you wish to extend your credit limit, please feel free to contact us and we will check with our payment service provider if you are eligible for the amount desired.
Depending on whether you are qualified for terms, the below payment options will be offered:
Buyers not qualified:
Pay at order: This means that payment instructions will be sent to you at the time of order and that the order will not be confirmed until we receive your payment.
Other payment options: If the total value of the order is too high, if your company does not allow payment at order option or if you already have payment terms approved from the seller, you have the possibility to confirm your order with the option “Other Payment Options”. Our admin team will contact you and define with the seller the approved payment terms for this order.
***Be careful as this option may delay the delivery of your items.
If you are qualified , you have the option to finance your order by requesting payment terms, which means that you won’t need to pay for the order until the end of the terms period.
What payment terms period are available? Available payment terms on the platform are: 30 days, 45 days and 60 days from order collection.
How much does the financing cost? Financing has a cost which will be charged to the buyer and added to the total amount of the cart. The cost is 2% per 30 days financing period (30 days = 2%, 45 days = 3%, 60 days = 4%).
Please note that any all transactions will be re-qualified before being approved. In case of any issues, you will be notified by email after placing the order.
All payments will be processed by our payment service provider, “Balance”, and the Behub-e platform will not have access to any banking information. Different payment methods are offered by our payment service provider.
Credit card: Once payment instructions are available (this will depend on payment option), they will be visible on the buyer dashboard and will also be sent by email. To pay by credit card, simply follow the link in the email. You will be redirected to our payment service provider to proceed with the payment.
ACH: This payment method is only available for US buyers. The IBAN (bank account number) to which you need to transfer the funds to, will be available on the invoice and also by clicking on the link received by email.
Wire: This payment method works similarly to ACH for buyers not established in the US.
Direct Debit: Available only for some banks in the US.