xChange offers a short-term 14-day credit line that can be used in trading deals with payment handling through xChange by the buyer in the transaction. The credit line is given to select xChange members that show a very reliable payment performance.
With the credit line, xChange gives its members the opportunity to receive a release reference as soon as the deal is accepted, without waiting for an international payment to arrive. In addition, the credit line helps members to improve their cash flow management.
In xChange credit line deals, the Seller can request a payout 7 days after the release was provided according to our standard Trading Payment Handling T&Cs (Trading Payment Handling Process and Terms & Conditions ). At the same time, the Buyer has 14 calendar days (after invoice date) to ensure payment arrives at the nominated xChange bank account.
Being a short-term credit line, we expect payment within its terms. The failure to comply with the payment terms will result in a late payment fee (see terms below) and will also decrease or remove your credit line with xChange.