A Business Transaction Facility for Purchases gives you substantial buying power, but with the huge advantage of not needing to secure the debt, which means you're not tying up business assets. When you become an Octet member, your Business Transaction Facility is pre-approved to an agreed purchasing limit. You're free to trade as frequently and as much as you like up to that limit, just like with a regular credit card account. There's nothing else on the market like an Octet Business Transaction Facility.
Here are the two ways a Business Transaction Facility can help with your domestic purchases:
Octet Direct Payment
This is the 'full service' Business Transaction Facility for Purchases. You use the Octet portal to arrange the transaction and Octet's unsecured finance facilities to pay your supplier of goods or services on agreed completion.
Buyer Direct Payment
If your supplier is already extending you credit terms, you can use the Octet portal to initiate and manage your purchase. Your business, rather than Octet, then pays the supplier, (although you may wish to take advantage of your Business Transaction Facility's interest-free credit anyway). You can also use this method if you are at your maximum credit limit with Octet but still wish to use the portal to transact.
,Your first 60 days are always interest Free!.