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Once, Invoices are approved and discounted, the amount is directly credited in your bank account. You can always change your bank account through Settings.

No. Invoice discounting is a transaction in which you are selling your invoices (asset) hence they do not impact in anyway your credit rating or history.

Most businesses opt for financing options available in the market business loan from banks or financial institutions. These loans are primarily used for working capital and to help businesses with their short-term operational costs, expansion goals, upgrading equipment, et al. However, it’s a time-consuming process and does not target MSMEs. Here, Invoice or Bill discounting comes into play. Invoice or bill discounting is a practice where businesses sell their unpaid invoices to raise working capital. Not only is it seamless to access funds through invoice discounting, but is also quicker with businesses gaining access to the discount value of their invoice value in just a couple of days.