How are debtors awarded their credit rating?
The debtor’s creditworthiness is calculated by our credit insurer Euler-Hermes, which conducts a detailed assessment of the debtor’s financial position based on their track record of payment behaviour, on published figures, and on various other ratios. In addition to this assessment, Edebex carries out its own evaluation based on over 100 criteria.
What do I need to do if I have accidentally reimbursed the seller instead of the buyer?
Since you have been officially notified that the receivable had been assigned, it is your responsibility to make payment to the right creditor. However, under Edebex’s General Terms and Conditions, the seller undertakes to repay the whole amount of the receivable immediately to the buyer in the event of errors. If that does not happen, […]
What are the benefits of using Edebex for debtors?
Using Edebex can bring debtors certain benefits. For example, it is possible for the debtor and the buyer of the invoice to agree a longer payment term.
As a debtor, do I have to pay Edebex registration fees?
No, you do not have to pay registration fees for the Edebex platform. Only sellers and buyers of accounts receivable have to pay a subscription. All you have to do is pay your invoice on the due date.
How can I be sure that the money will be transferred to the debt’s buyer?
Edebex has received accreditation from the National Bank of Belgium to set up a secure client account. Edebex therefore operates under the supervision of the National Bank of Belgium: your money can be transferred to this client account with complete safety, so that Edebex can then reimburse the buyer.