How does the Leasing Credit Limit impact accepting Leasing deals? Positive Wallet Balance Use case

A higher Leasing Credit limit opens up more opportunities to instantly accept leasing deals, providing greater flexibility in your transactions.

Without it, you may resort to credit card payments incurring a 3% fee, or opt for bank transfers, which could take several days. Please keep reading to review some use cases and examples. 

Positive Wallet Balance

1. Company A has a Leasing Credit Limit of 50,000 USD

2. Their wallet balance is also currently positive with +50,000 USD

3. They start a leasing deal within their Unit Limit for 3 x 40HC

4. Each unit has a Pickup charge (that Company A has to pay) of 1,000 USD

5. The deal is worth a total of 3,000 USD in Pickup charges.

• After Company A accepts the leasing deal they will be prompted to choose how they would like to pay ⬇️
  
• They can click on the Use Wallet to Proceed button
  
  
  • This means the company will be instantly issued an invoice in the wallet with a 30-day due time.
    
    
  • The deal will be automatically moved to the Release stage.
    
    
  • This option is only available if the total amount to be paid is covered by the combination of the available wallet balance and their Credit limit.
    
    
    • xChange will always charge from the available positive wallet balance first.
      • Only if the balance is not sufficient, we would charge the Leasing Credit limit.
        
        

    • If your xChange wallet has insufficient or no positive funds, it will be charged as a negative balance up to the maximum amount set by the Leasing Credit limit

• They can also click on the Select Payment Method button
  
  
  • The company will have the option to complete payment via Credit card or a Bank Transfer

• Company B can toggle the xChange Wallet Balance ON combining this with a Credit Card or Bank transfer payment to complete the pending amount.

• They can choose to pay via Credit Card

  • • The deal will be instantly confirmed

    • But there will be an extra 3% third-party processing fee.

• They can choose to pay via Bank Transfer

  • An invoice with all the details needed to complete the bank transfer is provided. 

• • The deal will remain in a Waiting for payment status until the money is received by xChange.

  • In all leasing deals the paying partner will also see the option to change the payment method to a Credit card 💳 as shown below.

• • To make the process of payments smoother it helps if you share your payment slip with xChange via Email:

    • payments@container-xchange.com 
    • Make sure to include the invoice number in the email.