To be eligible to use Capchase Pay as a payment method, your buyer must meet these requirements which are set forth by business lending regulations and financial services best practices.
Your buyer must be:
- A legal entity, incorporated business
- Located in a supportable geography (US, Canada, UK, Finland, Spain, Netherlands, Belgium, Sweden and Ireland)
- Not in a restricted industry which include: marijuana-related, tobacco, alcohol, firearms, military equipment or munitions-related companies, adult entertainment, gambling
Also, the annual contract value with the buyer must meet the minimum threshold set forth by business lending regulations in each supported geography. As you create your buyer in Capchase Pay and create a payment link for your deal with them, you will see alert messages in the application showing the required minimum based on their location and bank currency.
The first step in using Capchase Pay is to qualify your buyers through our KYB (Know Your Business) check which ensures the above criteria are met as well as verify the identity and legitimacy of the company to prevent fraud and money laundering. Learn more about this process here.
If you have any questions, please send us a message at support.pay@capchase.com.