With ContractorHub, credit is never an issue!
No more credit checks. No more payment hassles.
No more invoicing nightmares.
ContractorHub.com automates the payment process with flexible cash management tools. Our easy payment options enable contractors and suppliers to negotiate complete payment for transactions.
Our payment services give you flexible options:
- Initiate payment transactions online: line-of-credit or funds transfer
- Purchase materials and services in high dollar volumes with customary, flexible payment terms
- Suppliers receive payment within 48 hours
- Billing is streamlined in clear statements
- Reporting by project eases the tracking/accounting process
Actrade’s E-TAD™ Payment Solution
Actrade Capital's
Electronic Trade Acceptance Draft (E-TAD™) is a secure B2B payment
solution that enables ContractorHub members* to conclude transactions
over the Internet. E-TAD enables buyers (owners, contractors and
subcontractors) to buy today and pay later while suppliers
(subcontractors and sellers) receive payment within 48 hours.
Qualified buyers participating in the E-TAD Program receive an
unsecured "revolving" credit facility for their online
ContractorHub purchases. Buyers can tap into this facility for
selected transactions enabling them to purchase online and pay later
with terms up to 180 days.
Suppliers participating in the E-TAD Program receive payment from
Actrade within 48 hours significantly reducing daily sales outstanding
and the need to collect the receivable.
Here's how a typical E-TAD transactions works:
- A buyer issues E-TAD(s) to a supplier as full payment
for online purchases.
- Actrade then purchases E-TAD(s) from the supplier in
exchange for immediate payment.
- Actrade issues rebate check to qualified buyers on a
monthly basis
E-TAD is a comprehensive cash management solution that provides for
the settlement of accounts payable and accounts receivable all in one
convenient process over the Internet.
*To
participate as a buyer ContractorHub members must be a U.S. or
Canadian corporation or subsidiary of a multi-national corporation
based in the U.S. or Canada.
Automatic Clearing House (ACH) is an easy electronic funds disbursement service that lets contractors make payments over a paperless electronic network. This fast, secure and reliable service handles routine fund disbursement functions, such as monthly bills and recurring expenses. ACH is now widely accepted throughout America with more than 300,000 businesses using it to perform direct deposit and debit functions.
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