Does anyone know what this ceo update is regarding the payment within 5 days? When I joined I was told they'd start

[Hopkinn344]

Does anyone know what this ceo update is regarding the payment within 5 days? When I joined I was told they'd start paying weekly and it never happened. But the other day the ceo emailed saying 5 day payments are now a thing. How? Any info? Can't get an answer out of cx.

[simLanKon]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

[Hopkinn344]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

that's what I'm worried about what's their take for this? We already pay thousands for the platform and now they want a cut of each invoice? I don't mind like 1% but anything more is just another money grabbing scheme

[roneed]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

that's what I'm worried about what's their take for this? We already pay thousands for the platform and now they want a cut of each invoice? I don't mind like 1% but anything more is just another money grabbing scheme

just another way for Lyall to top up his pension fund..... not that he needs anymore as he must be making more than enough especially with the joke that is Trustd

[Nikoluter]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

that's what I'm worried about what's their take for this? We already pay thousands for the platform and now they want a cut of each invoice? I don't mind like 1% but anything more is just another money grabbing scheme

can't believe that they will want 1% More like 5%+

[Belchan]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

that's what I'm worried about what's their take for this? We already pay thousands for the platform and now they want a cut of each invoice? I don't mind like 1% but anything more is just another money grabbing scheme

never going to be free. Just another added cost for people. But lots will use it at 3/4 % I bet to get paid quicker

[Hopkinn344]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

so it's not a thing as yet then?

[simLanKon]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

so it's not a thing as yet then?

don’t think it’s live yet but would expect it to be between 3-5% when it happens.
And like any other factoring company if you don’t get paid they will want there money back.

[Hopkinn344]

Cx invoice factoring is coming just up to you if you’re willing to pay a percentage of the lousy rate you get for early payment

so it's not a thing as yet then?

don’t think it’s live yet but would expect it to be between 3-5% when it happens.
And like any other factoring company if you don’t get paid they will want there money back.

pointless then really

[simLanKon]

so it's not a thing as yet then?

don’t think it’s live yet but would expect it to be between 3-5% when it happens.
And like any other factoring company if you don’t get paid they will want there money back.

pointless then really

any invoice factoring is a waste of money in my own opinion

[simLanKon]

so it's not a thing as yet then?

don’t think it’s live yet but would expect it to be between 3-5% when it happens.
And like any other factoring company if you don’t get paid they will want there money back.

pointless then really

What I find interesting about cx factoring invoices is most factoring companies will refuse to factor if they deem a company high risk but that would apply to a high percentage of companies selling work on the exchange. So will cx take the stance that they will cover against anyone or be selective

[Belchan]

don’t think it’s live yet but would expect it to be between 3-5% when it happens.
And like any other factoring company if you don’t get paid they will want there money back.

pointless then really

What I find interesting about cx factoring invoices is most factoring companies will refuse to factor if they deem a company high risk but that would apply to a high percentage of companies selling work on the exchange. So will cx take the stance that they will cover against anyone or be selective

Cx ain’t going to cover anymore that don’t paid for sure.

[yorYogh]

Following

[MayzDimen]

Amazon started this.
Just factor it in on your pricing/margins.
In the long-term it does work.

[roneed]

Amazon started this.
Just factor it in on your pricing/margins.
In the long-term it does work.

adding 5% to most CX prices won't get you work and any case if people don't have the cashflow required to operate then they shouldn't be on in the first place. This is just another way for CX to get more owner driver subscribers that don't have the money for day to day operations and will simply add yet more to the churn rate, then those people will no doubt be in debt

[MayzDimen]

Amazon started this.
Just factor it in on your pricing/margins.
In the long-term it does work.

adding 5% to most CX prices won't get you work and any case if people don't have the cashflow required to operate then they shouldn't be on in the first place. This is just another way for CX to get more owner driver subscribers that don't have the money for day to day operations and will simply add yet more to the churn rate, then those people will no doubt be in debt

5%?

[roneed]

Amazon started this.
Just factor it in on your pricing/margins.
In the long-term it does work.

adding 5% to most CX prices won't get you work and any case if people don't have the cashflow required to operate then they shouldn't be on in the first place. This is just another way for CX to get more owner driver subscribers that don't have the money for day to day operations and will simply add yet more to the churn rate, then those people will no doubt be in debt

5%?

I've no idea what it's going to be, but I'll be surprised if it's less than 5% as there has to be an incentive for the job poster to pay early as that is how I believe it's going to be run rather than the usual factoring way

[Belchan]

Amazon started this.
Just factor it in on your pricing/margins.
In the long-term it does work.

people can’t get good rates, so never going to be able to add this charge to rates. Just another way for Cx to cash in I bet

[Cartices]

I asked the same question?
Is this happening now or do we need to sign up or what?

[Brentef]

It’s going to be used like a factoring company. Where they Will pay out a % of approved invoices. To help with cash flow. It will have to be charged at a fee due to that’s how lending works. Someone will have to make a margin somewhere.