Benefits of Seller (Supplier)
“Get cash instantly”, reducing the burden of giving credit term to customers
Low risk No long-term debt, reduce bad debt
Free of charge
Added new payment methods for customers. increase sales opportunities
Convenience with online management 24 hours a day
Increase work efficiency Reduce paperwork and disbursement costs
1. "Get cash immediately," which eases the stress of extending credit terms for suppliers
PaySoon’s system helps merchants use their working capital more effectively. Allowing the buyer to switch to a credit card payment via PaySoon eliminates the need to endure the weight of a credit term or wait for the buyer's payment cycle.
2. Lower risk, reduce bad debt, avoid long-term debt
Whenever a supplier modifies the method of payment, the risk of having a debtor is eliminated for the seller by enabling credit card payments through the Paysoon system. Because the payment for the goods or services will be made straight to the merchant's account by the card issuing bank using PaySoon's payment system, according to the agreed-upon collection time. The buyer's payment will thereafter be collected by the issuing bank in its place.
3. Free of charge
Sellers who don't want to pay fees for accepting credit card payments can opt out of the system offered by Paysoon by choosing whether the buyer pays all or part of the service cost and is able to accept credit card payments without needing to pay for services.
4. More payment methods for customers increase sales opportunities
Sellers that do not accept credit cards as payment for their goods or services will only be able to sell to customers who have a substantial cash flow, but if adding other payment channels providing customers more payment method, it might provide customers with more options for ordering goods or services.
5. Convenience of online operation, 24 hours a day
Buyers and sellers can access the billing system through the system and conduct financial transactions using online channels around-the-clock. The convenience of working without limitations on locations or times, is response to a new way of working in the digital age.
6. Increase efficiency more easily while reducing costs
PaySoon is convenient and integrated operations into one dashboard. Real time reports are available. Simple to use, no need for IT system development. Lower operating costs for billing, cheque collection, and regular payments comparing to traditional process. Companies can switch to 100% online operations to cut costs, transparency and effectiveness.
Supplier’s Journey
Supplier initiate payment
1. Create payment schedule
2. Confirm payment schedule
3. Supplier inform payment schedule with buyer
4. Buyer receive payment schedule and prepare for settlement
Application Process
Enter detail
Log on to www.paysoon.net and enter detail
Submit document
Submit document via online (within 7 working days)
Verification
PaySoon verification and approval process
Onboarding
Onboarding and Go Live
Supplier’s Document
- Copy Company’s Document
- Copy of company registration with minimum 6 months validity
- Copy of ID card of authorized directors
- Copy of house registration of authorized directors - Copy of Invoice of latest month
- Copy of Bank Account (for payment remittance)
- Contract of PaySoon Service (from PaySoon Dashboard)
- ** Upload digital files through PaySoon system
- ** All copies are to be certified and signed by authorized directors
Security that every business can be assured of
PaySoon is a system provided by Pay Solution Company Limited, which is licensed and regulated by the Bank of Thailand. All data is managed in accordance with PCI-DSS security standards in order to It will allow every business to use the payment system safely in every transaction