Factoring sells your invoices at a discount.There's a cheaper way to get paid.
Invoice factoring sells receivables at a discount in exchange for earlier cash. RemitRight offers a different route: our AI helps request payment in full or voluntary installments, with successful payments going through your connected Stripe account. There is no RemitRight subscription or collection commission.
Invoice factoring vs. RemitRight payment plans
Factoring can provide cash before a customer pays. RemitRight helps the customer pay the outstanding invoice; funds arrive only as payments succeed.
Invoice factoring / AR financing
- You sell invoices to a factor at a discount; rates and terms vary.
- Cash now, but you lose a cut of every invoice.
- Often contracts, volume minimums, and customer credit checks.
- The factor may contact your customer — you lose some control.
RemitRight payment plans
- Your customer can pay the invoice amount — in full or in automatic installments.
- No factoring discount or advance; payment depends on the customer's successful checkout.
- No RemitRight subscription or commission — a customer choosing installments pays the plan fee.
- You keep the customer relationship; money lands in your own Stripe account.
Seek payment without selling the invoice
The AI texts your overdue customer
A calm, professional reminder about the balance — instead of selling the debt to a third party.
It offers a payment plan
The customer can pay in full or split the invoice into a few automatic payments — so a stuck invoice starts moving.
No factoring discount
Successful payments go through your connected Stripe account. RemitRight takes no collection commission.
Factoring questions, answered honestly
Is RemitRight a factoring or invoice-financing company?
No. We don't buy your invoices and we don't advance you cash. There's no discount rate and nothing to pay back. Your customer simply pays the invoice they already owe — in full or in automatic installments — and it comes straight to you.
What does invoice factoring actually cost?
A factor buys an invoice for less than its face value. The discount, other fees, eligibility rules, and when you receive the balance vary by agreement, so compare the total cost and recourse terms before signing.
Who pays RemitRight's fee?
A customer who chooses installments pays the 3–5% plan fee, applied once across the plan. RemitRight charges no business subscription or collection commission. Standard card processing applies to successful payments.
Don't I get cash faster with factoring?
Factoring can give you an advance now, minus a discount and fees. RemitRight does not advance funds; you receive successful customer payments on your processor's schedule. It is follow-up and a voluntary payment option, not financing.
When does factoring still make sense?
If you need cash before your customer pays, factoring may be useful despite its cost. If you can wait for successful customer payments, a voluntary plan may cost less than selling the invoice. RemitRight takes no collection commission.
Does this work outside Canada?
Not yet. RemitRight is for Canadian businesses collecting from customers in Canada. Other countries will follow.
Keep control of your receivable
Before you discount your receivables, try a respectful payment request. RemitRight sets up free in minutes and gives customers a way to pay. There is no RemitRight subscription or collection commission.
No card to sign up · No RemitRight subscription