What payment methods can I use on the platform?
Our platform currently accepts only payments by debit/credit card (Bancontact, Visa, American Express and MasterCard) and Payconiq.
Does the buyer know my financial grade?
Potential buyers going onto our platform can view the invoice amount and your financial grade. They do not, however, have access to your name until after buying the receivable. This allows maximum confidentiality to be maintained as regards all persons who do not actually buy the receivable.
Which fees do I have to pay for selling invoices on Edebex? h
Besides the annual membership fee of 250€ you have invoice related costs for every invoice that is sold on the platform. These costs depend on different factors such as the invoice amount, the solvability of your client and the payment term. The costs consist of: Listing fee – 30€ (excl. VAT) per invoice The listing […]
Which fees do I have to pay for selling invoices on Edebex?
Besides the annual membership fee of 250€, there are costs for every invoice that is sold on the platform. These costs can vary between 1 and 4% and they depend on different factors such as the invoice amount, the solvability of your client and the payment term. The costs consist of: Fixed fee – charged […]
Why did I not receive the entire sales price on my bank account?
If the service and insurance fees for an invoice have not been paid in advance, they will be deducted from the sales price when we transfer the money to you. You will be notified at the end of the selling process if this is the case. Another situation where the amount that you receive on […]
What is a compensation?
In some cases, we make a compensation on your invoice (according to our general conditions). This means that we don’t transfer the entire sales price to your account because we deduct a certain amount that you owe to us or the buyer of a previous invoice you sold. There are several possible reasons for a […]
How can I see the status of my invoices offered for sale?
Did you know that you can see the status of your invoice at all times in your Edebex account? Learn here how it works. Where to go? 1. Go to https://my.edebex.com and enter your user name and password in order to log in to your account. 2. When you are on your profile, click on […]
I work in the construction sector. Normally, I bill material supply and construction on the same invoice, without VAT. If I split the two services and issue a single invoice for the supply, will I have to charge VAT and if yes, how much?
If you only bill the material supply, the invoice is not subject to the obligation to withhold and Edebex can work with 100% of the invoice amount. However, you must charge VAT of 21% on those invoices.
I work in the construction sector. Will the 50% that is not pre-financed also be guaranteed and will they be part of recovery proceedings if my client pays late?
No, the insurance coverage is only valid for our investors. However, judicial recovery will be made for 100% of the invoice amount. Keep in mind that you will only receive your 50% at the moment when your client pays the invoice amount.
My clients normally get a discount on cash payment of their invoices. Is it possible to offer the invoice for sale on the Edebex platform after the activation time of the cash discount?
Edebex does not accept any invoices issued with a discount for cash payment. Indeed, our investor pre-finances an invoice based on its nominal amount. This means that the purchase price of an invoice (its nominal value minus the discount granted to our client) is calculated by taking into account the nominal value of this invoice. […]
A potential client has a rating higher than 4/10. Can I therefore assume that the invoice will certainly be financed on the Edebex platform should I indeed close a deal with this new client?
No, an acceptable rating means that our credit insurer has classified your client as insurable and that a coverage by our investor is possible if the invoice is sold. The actual sale of the invoice depends on the result of the internal and external audit we conduct for every invoice. The invoice will only be […]
My average invoice amount is less than 5.000€. Can I use the Edebex platform?
There are 2 possibilities : 1. Yes, but our commission will be calculated on an amount of 5.000€ 2. Yes, if you have different invoices from the same debtor with the same due date. We can make a package of all those invoices and selling them as a group.
My costs for selling an invoice exceed the average of 4%. Why?
The average cost of selling an invoice on the Edebex platform is 4%. We distinguish between fixed and variable fees: Fixed fee: The listing fee is charged for every invoice that is uploaded on the platform. This cost is the same for all invoices. Variable fees: The service fee and insurance fee are different for […]
My invoice has been refused, can I claim a refund of the fees?
Unfortunately, we cannot refund the listing fee as it is used to cover the costs to determine the credit rating of your client and the audit of the invoice. However, under certain conditions we can refund you any other fee that you might have paid in advance. When do I have to pay the fees?
Why does Edebex contact my client?
When you submit an invoice issued on behalf of a new client, we contact them by phone. We do this for two reasons. First of all, we would like to explain to the client how Edebex works (commercial approach). In the next step, we want to get in touch with the persons that are authorized […]
Can I be 100% sure that my invoice will be sold?
As soon as an invoice is approved, it is 100% sure that the invoice will be sold. It takes approximately half a day to sell an invoice.
Explanations of Edebex sale statuses
On hold: Edebex is waiting for additional information or documents before processing can be continued. For more information, please contact the customer service. To submit: You have created a draft invoice to sell, but it was not sent to the platform yet as some information is missing or the payment of the fee is not completed. Pay […]
What types of debit/credit card are accepted on the platform?
We currently accept only Visa or MasterCard-type debit/credit cards.
How do I put an invoice up for sale on Edebex?
Once your registration is complete, log onto your Edebex account with your username and password (see confirmation email) by clicking on ‘My Edebex‘. Click on ‘Sell invoice‘ and then enter the required information about your invoice.
Isn’t using Edebex likely to make my customers worried about my financial position?
Quite the opposite: using Edebex is more a sign of good financial management, as good management of your working capital is crucial to the long-term prospects of your business.
What does Edebex do if my debtor does not settle the receivable?
Firstly, Edebex starts with a “soft” debtor reminder and follow-up procedure, mainly by email and telephone. If that procedure does not produce results, Edebex will initiate formal litigation proceedings.
What happens if my debtor does not pay?
When you assign a receivable, you no longer own it, unless there is a clause setting out specific provisions in the event of non-payment. That is not the case at Edebex: once the receivable has been sold, you are no longer involved.
Why is my debtor not eligible for invoice selling?
The acceptance of a receivable depends on two factors: The credit rating awarded by our credit insurer: this rating is based on the track record of payment behaviour, the size of the company, its annual accounts and certain other ratios An additional assessment carried out by Edebex.
How is my customer’s credit rating calculated?
Our credit insurer Euler-Hermes, which conducts a careful assessment of your customer’s financial position, calculates your customer’s credit rating. In addition to this assessment, Edebex carries out its own assessment based on over 100 criteria.
My customer objects to the sale of its invoice, can I still sell it all the same?
The legislation on which the debt purchase is based (Articles 1690 et seq of the Civil Code) gives the debtor no active role. It cannot therefore object to its invoices being offered for sale (unless there is a contract between the seller and the debtor that clearly stipulates that debts may not be assigned).
Will you always notify my customer that the debt has been assigned?
Yes, we always notify your customer that the debt has been assigned because this is a legal obligation. A debtor must always be notified that its creditor has changed.
What happens if my invoice is not bought?
This never happens. In 100% of cases, the invoices approved by Edebex are sold on our platform.
Can I sell invoices not denominated in euros?
At present, we accept only invoices denominated in euros.
My invoice has been declined because it is “non-compliant”. What does that mean?
Your invoice may be declined on our platform for a variety of reasons: it is not genuine; there is a link between your company and the debtor; the goods have not yet been delivered, or the services have not yet been rendered … This list is by no means comprehensive: we assess each invoice on […]
What is the maximum number of invoices that can be offered for sale?
There is no limit on the number of invoices. You can offer as many invoices for sale as you like.
What types of invoice are not permitted on the platform?
We do not accept: – invoices issued to public sector debtors – invoices for payments on account – invoices not denominated in euros – invoices issued to debtors who are not established in one of the following countries: Belgium, the Netherlands, Luxembourg, Germany, the United Kingdom, France, Monaco, Italy and Gibraltar.
What types of invoice can be offered for sale on Edebex?
All invoices for payment of goods delivered and/or services rendered, provided they meet the following criteria: – the VAT-inclusive total of the invoice must be greater than €5,000, – the period between the invoice’s issue date and the due date must be at least 20 days and at most 120 days, – the debtors must […]
When I put an invoice up for sale, must I give the VAT amount?
When selling your invoice, you must give the total amount of the invoice that your customer has to pay to you. If it includes VAT or other taxes, you must give the total amount inclusive of all taxes.
Is there a maximum invoice amount?
There is no maximum amount for selling an invoice. However, for the invoices of over €100,000, we ask you to contact us before offering them for sale.
Is there a minimum invoice amount?
The minimum amount for an invoice to be sold on Edebex is €5,000 inclusive of VAT.
Will the price at which I sell my invoice be the same as the invoice total?
The actual amount of the invoice and its sales price are two different things. Your invoice will be sold at an amount lower than the invoice total in order to generate a return for the buyer. Don’t hesitate to run a simulation of an invoice sale on the site to find out exactly what you […]
How long does it take for me to receive my cash?
Once your invoice has been approved by our staff, it is bought within one day by an investor. The whole assignment process on average takes 72 hours.
I am an invoice seller. How do I account for the discount that I have allowed to the buyer when selling my invoice?
The difference between the amount of your receivable and its selling price counts as a financial expense. This expense must be recognised in your income statement in a category 65 account (sundry operating expenses).
Why sell my invoices?
Imagine if your company could immediately recover the total of all invoices due. That becomes possible by selling them on Edebex. This enables you to: quickly optimise your cash position. You no longer have to wait 30, 60 or 90 days for payment of your invoices. concentrate on your core business due to no longer […]
As a seller, what benefits do I get from using Edebex?
The Edebex solution can improve your cash flow fast: the money for your invoices is available within 72 hours. Furthermore, you can sell invoices regardless of your financial position: only your debtor’s creditworthiness is taken into account. What’s more, the costs of using the platform are completely clear and transparent. Finally, you never need to […]
What is the difference between traditional factoring and Edebex?
Edebex Traditional providers o Access to our service regardless of your financial situation o Choose which and how many invoices you want to sell o Sell your invoice in a few clicks on our smart online platform o Receive up to 100% financing for your invoices o The risk of insolvency of your client is […]
What type of buyer will buy my invoice?
All the buyers on our platform are private companies looking for flexible investment for their cash.
I am offering another invoice from the same debtor for sale. Does the debtor need another audit?
We always do an audit on every new invoice on our platform to ensure that it is genuine. The debtor therefore has to respond.
Does the buyer have access to my company’s data?
On our platform, registered buyers have access to the invoice total, the due date, the financial grade of your customer as well as their country of origin. But buyers do not have access to names before buying the invoice.
Does Edebex operate as a factoring company?
Unlike a factoring company, the Edebex solution: requires no security or guarantees; does not require any commitment regarding volume; does not compile a credit record. Furthermore, if the customer does not pay, we do not return the invoice to you for you to recover it. Once the invoice is sold, we take care of everything, […]
Do I have to pay a retention deposit?
No. Unlike specialist factoring companies, we do not take any retention deposit.
When do I have to pay the fees for selling an invoice?
When you sell your first invoice on the platform, you have to pay all the fees (listing fee, service fee and insurance fee) in advance. When you have successfully sold multiple invoices for the same client on our platform, only the fixed fee (listing fee) needs to be paid upfront. The variable fee (service fee […]
How much will registration on Edebex cost me?
Registration on our platform, both for sellers and buyers of accounts receivable, costs €250 exclusive of VAT per year. This sum covers the charges for managing your account.
My company operates in the construction, caretaking or food industries. Am I subject to any particular rules?
If your company is in the construction, caretaking/security or meat industries, the amount of pre-funding of the invoice is restricted to 50%. Article 30b of the law of 27 June 1969 on workers’ social security imposes an additional obligation on your debtor. The debtor is required, at the time of paying the invoice, to check […]
My company is based abroad, but many of my invoices are in euros: can I register on Edebex?
Only companies registered in Belgium, Luxembourg, the Netherlands, Portugal and France can register on the platform as sellers of accounts receivable.
Do I need to register on the platform to run a full online simulation?
The invoice selling simulation available on our site is free of charge and there is no need to register on our platform to access it. We do, however, ask you for your email address to prevent our site becoming overloaded. Click here for the link to the simulation.
My company is a micro-business/SME. Can I use the platform?
All businesses can use our platform for buying and selling commercial debts, so SMEs and micro-businesses that need ready cash can sell their invoices on Edebex with no problems.
Is there any contractual time period when I register on Edebex?
No. When you register on Edebex, there is no commitment to a contractual time period in which a specific volume of invoices must be offered for sale. Please note, however, that your registration on our platform – which is needed to buy invoices or put them up for sale – is valid for one year […]
What information must I provide to register on Edebex?
To register you need: A scan of the front and back of your identity card If you are not the manager/director of the business, a power of attorney and a scan of the front and back of the identity card of the company’s manager Your business registration number Confirmation of your agreement to our general […]
Do I need to submit my company’s annual accounts or turnover?
Edebex focuses on the financial situation of your debtor/customer and not on that of your business. We therefore do not ask you to provide information of this type.