This means your buyer has partnered with Tradeshift and a bank partner to provide you with early payments. The following guide will explain in detail how you can start receiving Early Payments.

To get started, follow the instructions in the email you received. Click the “Learn more” button in the email, which will take you to your Tradeshift account, where the Supply Chain Finance app will explain how the system works and guide you through the basics.

You will then have to confirm your company information. If you make any changes to the contact details, you’ll see a notification of the change, and that the buyer will need to certify those changes. These changes will be submitted to the buyer once you’ve reviewed pricing.

Depending on the program used by your buyer, you may have to choose your early payment option between:
  • Automatically get your eligible invoices paid early
  • Manually selecting the invoices you want paid early

Note that you may not necessarily have this choice - this depends on how your buyer’s program is set up.

Next, you will see an indicative pricing reference - the charges displayed here are dynamic and updated based on the program. Please confirm the charges to continue your setup.

Note that it is at this point in the onboarding that, if you had entered any changes to your contact details, you would have to wait for your buyer’s approval of the new information. 

If you had not made any changes in your company details, you will be prompted to accept the terms and conditions set by the bank.

Once all of the above is completed, you are properly set up to start receiving early payments! To learn how to request early payments, take a look at this article.