How our financing works

We know every business is unique, so we offer flexible financing to suit your needs. Our financing fees are very competitive and vary depending on the terms you choose at checkout.

Deferred payments

Deferring your payments can help you manage your cash flow more efficiently in two main ways:

1. Less capital is needed; pay only after selling the purchased products.
2. Grow faster; buy more, sell more.

Available deferred terms

At checkout, you can choose to pay after:

• 30-days
• 60-days
• 90-days

Please note that in-transit coverage (shipping insurance) is mandatory when choosing to finance during checkout.

Late payments

The initial consequence of not paying your invoice on time will be a temporary block of your credit limit. Repetitive payment failures will permanently remove your credit account and, eventually, close your Qogita account. We forward unpaid and partially paid invoices to our debt collectors, where the total amount plus interest and collection fees will be required.

Your credit

You can see your credit limit at checkout when you select your payment option. While logged in, you can also find your credit limit under the section titled Your credit.

Available credit and credit limit

Your available credit is the amount of financing we can offer you at that time. Your available credit must cover the cost of your entire order, including fees, to use financing. We do not offer partial upfront payment or financing.

Your credit limit depends mainly on your payment history, including the number of previously paid orders and outstanding unpaid invoices with us, among other things.

Can I increase my available credit?

There best way to increase your available credit is by placing orders and paying your deferred payments on time.

The more orders you place and pay on time, the higher your credit limit. Your creditworthiness, previous defaults, and the accuracy of your account details, among other factors, may also impact your credit limit.

Why was my credit limit decreased?

Typically, this is due to your payment history with us. We will decrease your credit limit if you fail to pay your deferred payments on time or if you do not frequently place orders.

Regular checks and verifications

Qogita will take steps as deemed necessary to verify all information you provided and check your creditworthiness independently.

These steps may include contacting Credit Reference Agencies (CRAs), fraud and money laundering preventing agencies, and the electoral registers, and providing them with information such as payment behavior data.

We may also conduct periodic searches and establish ongoing monitoring at CRAs to manage your account.

Claims

Can I deduct my claims from an upcoming deferred payment?

We treat claims and payable amounts separately. All Qogita invoices and respective deferred payments must be paid in whole and on time, irrespective of any active or potential claims.