07 January,2019 | tim nicolle
One minute guide.
Our clients want to know what our service costs. We provide a simple product at a simple price. You can price your trades online without having to call us. The pricing calculator is available from our main menu, and is located: here.
PrimaDollar offers low cost and collateral-free trade finance.
We charge a simple percentage of the invoice for providing the service.
Provided the buyer pays on time, that is the only charge.
There are no other fees in our price. Really, that is it.
Our customers can confirm that this is how we work. The price we quote (a percentage on the invoice face value) is the price we charge.
So there are no:
+ Limit fees
+ Advance fees
+ Bank charges that we pass on to you
+ Facility fees
+ Minimum usage fees
+ Maintenance fees
+ Document handling fees
+ Courier charges
+ Renewal fees
+ Risk charges
We provide a pricing calculator here: www.primadollar.com/getalivequote.php.
You can use the pricing calculator to calculate the cost of your trade finance yourself.
- go to the page on our site
- use the top slider to set the amount which you ship each month to your buyer, and
- the second slider to set the number of days between the shipping date and the date when your buyer is due to pay
The calculator then displays the PrimaDollar charge as a percentage of the invoice for buyers of different credit quality.
- An A+ buyer, for example, is a top quality buyer like Tesco, Walmart, Lidl.
- Most buyers, in our experience would be at the A or B level.
- If you already know your PrimaDollar buyer rating - then you already know the price of our service.
- If you want to find out the buyer rating, please call your local office: here.
This simple percentage is the only fee that we charge if the buyer pays on time.
If you then want to add a sight letter of credit, click the box (for either Barclays LC or PrimaDollar LC) and use the slider to say how long before shipment you want the letter of credit to start.
In some countries, exporters are able to arrange pre-shipment finance based upon a sight letter of credit provided to their local bank. PrimaDollar arranges this service without the buyer being involved. This means that the buyer can enjoy open account and deferred payment without having to use any of their credit lines or arrange any LC - but the exporter still gets what he needs - which is a sight letter of credit to support packing credit and the purchase of materials.
A Barclays letter of credit is more expensive than a PrimaDollar letter of credit. Some banks (eg: Agrani Bank, FSIBL in Bangladesh) will accept a PrimaDollar letter of credit. Other banks may want the Barclays version but it is always worth checking. In either case, the result is the same. The exporter benefits from a guarantee of payment at sight of shipping documents matching the terms of the purchase order.
With 10 offices on three continents, talk to us:
- Price your trades: here
- Find your local office: here
- Read more about export finance: here
One minute guide. What is it? Export finance helps exporters to offer credit to their buyers. This means that they can offer "ship now, pay later" terms to buyers - and this is what buyers want. Export finance is provided by a specialist like
One minute guide. Who is PrimaDollar? PrimaDollar is a UK-based trade finance platform working with exporters and importers on a global basis. What does PrimaDollar do? PrimaDollar
One minute guide. What is it? Dual factoring is the process of coordinating two factoring companies so that one of the companies can purchase an invoice from an exporter in one country and relying upon the other factoring company to collecting the amount due