Factoring sells your invoices at a discount.There's a cheaper way to get paid.
Invoice factoring and AR financing hand a lender a slice of every invoice in exchange for cash now. RemitRight does the opposite: our AI gets your customer to pay the full invoice — in automatic installments if needed — with the money coming straight to you. No discount, no debt, and it's free for your business.
Invoice factoring vs. RemitRight payment plans
Both turn unpaid invoices into cash. One is a loan against your receivables; the other actually collects the invoice — in full.
Invoice factoring / AR financing
- You sell invoices to a lender at a discount (roughly 1–5%/month + fees).
- 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 pays the full invoice — split into automatic installments if needed.
- No discount, no advance, no debt on your books.
- Free for your business — the small fee is paid by the customer who splits.
- You keep the customer relationship; money lands in your own Stripe account.
Collect the full invoice — without selling it
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.
You collect the full amount
Every payment lands in your own Stripe account. No discount, no factoring fee, no advance to pay back.
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?
Factoring typically discounts each invoice by roughly 1–5% per month it stays unpaid, plus fees — and many factors require contracts, volume minimums, and credit checks. Over time that's a meaningful slice of your revenue handed to a lender.
Who pays RemitRight's fee?
Your customer. The small 3–5% fee is added on top of their installments, and only when they choose to split. Your business is never charged, and if they pay in full you keep 100%.
Don't I get cash faster with factoring?
Factoring gives you a lump sum now — minus the discount and fees, and you give up a cut of every invoice. RemitRight collects the real money as your customer pays (often within days once a plan is set), and you keep the full amount. It's collection, not borrowing.
When does factoring still make sense?
If you need a large lump of cash immediately against many invoices and can absorb the discount, factoring can bridge a gap. If you mainly want to actually collect specific overdue invoices in full — without giving up a cut or your customer relationship — payment plans are the cheaper path.
Does this work outside Canada?
Not yet. RemitRight is for Canadian businesses collecting from customers in Canada. Other countries will follow.
Keep the whole invoice
Before you discount your receivables, try collecting them in full. RemitRight sets up free in minutes and turns overdue invoices into payments you actually keep — at $0 cost to your business.
No credit card, ever · Free for Canadian businesses