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Payment plans

Options​

Option 1: DIRECT PAY is a payment in full from your Sevi account to your supplier, this equals to a cash payment.

Option 2: DAILY PAYis a payment plan with daily instalments.

Option 3: WEEKLY PAYis a payment plan with weekly instalments.

Option 4: MONTHLY PAYis a payment plan with monthly instalments.

Direct payment​

This options is always available. It's generally, from a financial standpoint, also the most attractive option.

Pay in installments​

Depending on e.g. the order size, your company and your customers personal track record you will be presented with different payment plan options. Each payment plan shows:

  • number of instalments to be made
  • instalment interval (weekly or monthly)
  • fees for using the payment plan
  • amount per instalment
  • deposit amount
orders

The variables

The proposals have multiple variables based on which the total cost per proposal is calculated. Below a list of the main ones.

  • Deposits can be a part of this proposal.
  • The instalments can be paid per month or per week.
  • The risk fees, low risk generally means low fees.
  • Late pay fees ( for the installment or for the total loan)
  • Defaulting fees

Example Take for example a loan of 3000 with no deposit and 300 risk fees. The installments can be paid in 3 months / 12 weeks. When the last payment is not made in time, the late pay fees are 500. After 90 days the loanee is reported to the CRB and has to pay an extra fee for retreiving the loan.

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