Over the years we have had a number of customers ask us for short extensions of less than 30 days on products they want to purchase. We have been able to do this, but due to the nature of our funding it has always been costly making it impractical.
So, we asked around and found a source of funding that enables us to provide 30 day payment terms for a flat cost of 1%. In simple terms, this means you can use DelayPay to add 30 extra days to the terms you agree with your supplier and it will cost you 1% of the purchase price of the goods.
If after the 30 days you require a further extension, you revert to our normal pricing for 60, 90 or 180 days, depending upon what you need.
For customers using our +30 for 1% option, all you need is your DelayPay account set up. Everything else works the same as usual – you decide what goods you need to buy, we step in and enable you to extend the payment date with your supplier by 30 days.
If you’re a supplier of goods like fertiliser, stockfeed or livestock you can offer this as an option to your customers. Your customer gets the added benefit of an extra 30 days to pay the bill at a price cheaper than their overdraft, and we pay you immediately so that you can get on with business. A win win situation.
DelayPay +30 is on trial for the next 3 months (until the end of April) so we can get a sense of whether our customers like it before we decide if it continues as an ongoing offer.
We would love to know what you think, so even if you don’t need it now but can see it being useful in the future, please give me a call on 0409 117 730 and I can run you through it in more detail. Or request a callback HERE.