RapidPay from Raistone
What are the fees and charges?
The discount fee is 1.5% per invoice. There are no upfront or recurring charges to join the program.
Is this a loan program?
No, RapidPay is not a loan. We have leveraged our creditworthiness so that you can get cash fast without using your own credit lines and without recourse to you for valid invoices.
Will the way I submit invoices change?
No, your process will stay the same.
How long does it take to get set up?
Enrollment can be completed in just a few days.
Which invoices will be included in RapidPay?
Once your account is setup for RapidPay, all open invoices will be paid through the program.
Who is Raistone?
We have partnered with Raistone, a world leading trade finance fintech, to fund your invoices quickly. Through the RapidPay program, Raistone will purchase your receivables to provide you access to cash faster.
What is invoiceXcel?
invoiceXcel is a technology platform which is 100% owned and operated by Raistone. Once you have enrolled in RapidPay, you can use invoiceXcel to view invoices processed and paid through RapidPay.
How do I enroll or obtain additional information?
Complete the enrollment application at raistone.com/rapidpay/ and submit to the Raistone team. If you have questions about the program or enrolling, please contact the Raistone team at firstname.lastname@example.org.
What happens once I enroll in RapidPay?
Once enrolled, Raistone will setup your account in their system and you will receive an email from their invoiceXcelplatform after set up is complete. Once your account is created with Raistone, we will finalize your setup on RapidPay in our systems and you will receive a welcome email from the RapidPay Program Management Team with your start date in the program.