InstaPay

Return Allowance

InstaPay

Protect your eCommerce business from unexpected return-related losses with peace of mind. veCare, covers shipping, restocking, liquidation, damages, and more.

We provide factoring for each item purchased at 70% of the net receivable amount within 48 hours. We recover our money when the marketplace pays the Seller.

Enroll in Online Banking

Simplify Your Banking

Our eligibility checker allows you to find out whether you'll be accepted before you apply with us. It takes around 2 minutes and it won't harm your credit rating.

Download the Mobile Banking App

Get the right mortgage to buy your new home — or refinance to take advantage of low rates or convert equity into cash. We've got the personal service to guide you along the way.

INstant funding with instapay

What makes InstaPay unique?

Interest-free, instant, and easy funding for your invoices.

Charge Based on Net Amount

Unlike existing factoring solutions that charge fees based on gross invoice amounts, VePay's InstaPay prioritizes seller success by calculating fees based on net sales. This approach maximizes profitability for sellers, ensuring they retain more of their revenue.

Do not change when there is return
No Stressful Credit Check

Sellers can access rapid financial liquidity without the stress of undergoing a credit check. This streamlined process eliminates unnecessary hurdles, allowing sellers to focus on growing their business without worrying about credit assessments.

Interest Free Factoring Solution

We understand the importance of ethical and faith-aligned financial solutions. That's why we offer a Shariah compliant factoring solution, by eliminating any interest based charges, that empowers your business while adhering to your values.

Extreme Flexibility

Extreme flexibility in terms of payment, allowing sellers to access funds quickly and conveniently. “Pay as you Receive” allows them to repay as they receive from the marketplace, empowering sellers to manage their finances effectively.

No Hidden Cost

Eliminates hidden costs commonly associated with traditional factoring solutions. With transparent pricing and clear terms, sellers can trust that they won't encounter any unexpected charges or fees, ensuring a straightforward and hassle-free financial experience.

Frequently asked questions

Got a question about how we’re organised, applying to work for us, or looking for financial or shareholder information? View more Q&A here

Once the onboarding is approved, you’ll receive 70% of your net invoice value directly deposited into your account within hours upon a sale, giving you immediate access to cash flow to reinvest in your business, like inventory or marketing. The remaining balance, minus VePay fees and marketplace charges, will be released to you upon the marketplace processing your invoice payment.

To be eligible, you’ll need a consistent sales history and a verified account with Amazon. We consider several factors during the assessment, including:

  • Minimum monthly sales volume: Averaging at least $5,000 in monthly sales for the past 6 months demonstrates your business’s stability and growth potential.
  • Solid transaction history: Having at least 6 months of transaction history on Amazon allows us to understand your sales patterns and risk profile.
  • Managed returns: Less than 30% returns on your gross sales over the past 6 months ensures a healthy return rate and minimizes potential risks.

No, there are no hidden fees or interest charges with InstaPay. We charge a transparent, fixed fee based on the amount of funding you receive, with no additional costs or surprises!

Repayment is automatically deducted from your future receivables, making it a seamless and hassle-free process. There are no fixed repayment schedules or monthly installments to worry about. You ‘Pay as you receive’! It’s a win-win.

Currently, InstaPay is exclusively offered to Amazon sellers. However, we’re constantly expanding our horizons!

Yes, we are committed to upholding Shariah principles in our products and services. Our factoring solution has been carefully structured and verified to comply with Shariah law by qualified and esteemed Shariah scholars. This ensures that your financial transactions with VePay align with your values and beliefs.

We are transparent in our practices, and you can access detailed information about our Shariah compliance on our website or by contacting our dedicated support team.

Frequently asked questions

Got a question about how we’re organised, applying to work for us, or looking for financial or shareholder information? View more Q&A here

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