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How will my customer know to send the payment to the Factor (or funding source)?

April 26, 2017customer Factor funding payment send source

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How will my customer know to send the payment to the Factor (or funding source)?

1 Answer

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When you open a factoring account, you will send a letter to the customer(s) whose invoices were factored, letting them know they should send invoice payment to the Factor. A subsequent letter will be sent from the Factor verifying the same details.