French start-up Shine is including a new alternative today. If you think there’s an opportunity that a customer is not going to pay your next invoice, you can insure that invoice to prevent any bad surprise.
Shine is constructing a challenger bank for freelancers and little companies. It lets you receive and send out money in a different business account, pay with a MasterCard, remain and develop invoices on top of administrative tasks.
It also helps you begin as the startup can fill out all administrative documents to register yourself as a freelancer. You likewise get notices to advise you that you need to pay your taxes and more. Starting accepting freelancing tasks can be confusing and Shine can assist you with that.
Shine has a built-in invoicing tool. It lets you add a customer and produce an invoice straight in the mobile app. After that, you can send out a link to your client. You get a notice when your client opens the billing. They can download a PDF and get your bank information to pay you.
And yet, lots of clients typically wait up until the eleventh hour to pay an invoice. It can be a month or 2 after finishing a task, which implies that they likewise forget impressive invoices.
In a couple of weeks, Shine users will be able to develop an invoice and insure it before sending it. It costs you 2% of your overall quantity on your billing. There’s no membership charge, it’s a one-off procedure.
If your client hasn’t paid you after the due date, Shine will reach out to your client once again to try to get the payment. If that doesn’t work, you can sue with the partner insurance company.
Because case, if the business is still running, you get paid 100% of your invoice. You get 90% back if the business has actually collapsed. (Naturally, that’s without taking into account the 2% charges you currently paid.)
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.