Mailing Invoices

 

We Mail All Factored Invoices

Invoice Factoring is the purchase of your accounts represented by your invoices, and it's not a loan secured by your invoices. Therefore, your invoices must be paid directly to us, and not to you. We print and mail our form invoices, to your customers for payment to us after you complete the daily invoice creation process.

 

The invoice forms contains special language notifying your customers that you have sold, assigned and transferred all right, title and interest in your invoices (i.e., factored them) to Photon Funding LLC  as required by law (i.e., the Uniform Commercial Code [UCC] section 9406), and provide complete payment instructions.

You Must Not Mail Your Own Invoices To Your Customers

This is true even if you prepare them with Quickbooks or any other accounting software. Violation of this rule is not only is a breach of the factoring agreement. Additionally, since we mail our own form invoices to your customers, they will become confused with two (2) different invoices (i.e., one (1) us and one (1) from you) which could adversely affect your customer relations. At a minimum, this confusion will increase both the time it will take your customers to pay your invoices, and your factoring cost, which is based on the length of the collection period. Also, if, as a result, any of your customers mistakenly pay you instead of us and you failed to remit the proceeds to us, they could be legally required to pay us also, which will amount to a double payment, and they will certainly not be happy about that.

Mailing Invoices

 

We Mail All Factored Invoices

Invoice Factoring is the purchase of your accounts represented by your invoices, and it's not a loan secured by your invoices. Therefore, your invoices must be paid directly to us, and not to you. We print and mail our form invoices, to your customers for payment to us after you complete the daily invoice creation process.

 

The invoice forms contains special language notifying your customers that you have sold, assigned and transferred all right, title and interest in your invoices (i.e., factored them) to Photon Funding LLC  as required by law (i.e., the Uniform Commercial Code [UCC] section 9406), and provide complete payment instructions.

 

You Must Not Mail Your Own Invoices To Your Customers

This is true even if you prepare them with Quickbooks or any other accounting software. Violation of this rule is not only is a breach of the factoring agreement. Additionally, since we mail our own form invoices to your customers, they will become confused with two (2) different invoices (i.e., one (1) us and one (1) from you) which could adversely affect your customer relations. At a minimum, this confusion will increase both the time it will take your customers to pay your invoices, and your factoring cost, which is based on the length of the collection period. Also, if, as a result, any of your customers mistakenly pay you instead of us and you failed to remit the proceeds to us, they could be legally required to pay us also, which will amount to a double payment, and they will certainly not be happy about that.