The Octet Trading Card is your passport to the Octet network. When you want to buy goods, whether it be locally, China, Hong Kong, Taiwan, USA or anywhere else, you simply insert your card into your Octet card reader, which is linked to your computer and the internet. We provide your card reader and the use of the proven efficient supply chain portal free of charge when you become an Octet Member.
When you're ready to order, the Octet system verifies your status and that your Business Transaction Facility has sufficient credit to cover the order and the order is placed. You can check the progress of your transaction with just a couple of mouse clicks.
When payment to Octet is required, which may be up to 60 days after your supplier was paid, you repay Octet directly from your business bank account.
You need an Octet Trading Card plus a password to gain access to the Octet network. No-one can use your Octet account unless you give them permission to do so.
No other parties are involved in an Octet transaction other than your own business and your supplier, communicating through the Octet network.
The Octet Trading Card allows businesses to reduce the critical timing gap between cash outflow to creditors and cash inflow from debtors. It looks and works like a credit card but with lower rates and a much higher facility limit. Whether it be used for purchasing or selling domestically, the Octet Trading Card supplements existing secured facilities.
|Why use the Octet Trading Card?
|When making purchases...
- Up to 60 days interest free, unsecured credit
- Option for a further 60 days credit at overdraft rates
- Secure on-line document tracking system for whole purchase cycle
- VeriSign digital signature ensuring binding contract arrangements
- Earn cash rewards via Octet Reward Card
- Diversify borrowing reliance on one financial institution
- Receive cash instantly, but still provide customer with credit terms
- Removes credit risk: Guaranteed payment through Octet
- Build customer loyalty by providing Octet Rewards to customers
- Turbocharge the working capital cycle for you and your customer
The Octet Trading Card is a unique value adding solution for those businesses that are trying to grow. It allows finances to be more effectively managed by collecting funds owed quickly and by building better relationships with suppliers through consistent payments. The Octet Trading Card removes the pressure from managing working capital.