Domestic factoring is a financing method that helps businesses secure and accelerate the collection of receivables arising from their domestic sales. As part of this service, the factoring company purchases and collects businesses' receivables based on invoices and similar documents that have already arisen or will arise from the sales of goods and services. This way, businesses manage their cash flows.
Export factoring is a solution that enables exporting companies build smooth and long-term business relationships with buyers in different countries. This service makes the export process easier by securing the business's receivables.
Import factoring is a process initiated by export companies abroad to secure their receivables. A guarantee limit is allocated to the importer company, allowing it to carry out transactions on an open account. While the exporter company benefits from guarantee, financing, and collection services in its sales, the importer company does not need to have a letter of credit opened by its bank. This does not impose any additional costs on the importer company, but only requires it to pay the invoice amount by the due date.