What Is Invoice Factoring and Should You Use It?

What Is Invoice Factoring and Should You Use It? | Resolve

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Resolve Pay is better than invoice factoring if you need to unlock cash flow faster, extend net terms to your customers, and drive growth with more working capital for less fees.

Resolve Team • What Is Invoice Factoring and Should You Use It? | Resolve

Selective factoring

Selective factoring gives businesses the opportunity to factor individual invoices or small bundles of invoices, rather than factoring their entire sales ledger.

Resolve Team • What Is Invoice Factoring and Should You Use It? | Resolve

Huge fees. Factoring fees are high. And hidden costs like processing fees, payment fees, administrative fees, interest, and late payment penalties can all add up to make invoice factoring an extremely expensive endeavor.