When a customer buys goods of trade from you with UnLock Mastercard®, we pay you on your terms, then your customer pays us back on extended terms they choose.
UnLock gives your customers the flexibility to buy more from you, and you don’t have to chase overdue invoices. It’s never been easier to manage trade finance.
6 good reasons to offer UnLock
Trade accounts made easy
We act as a trade account for every UnLock customer, so they can buy more from you.
Get paid straight away
We pay all UnLock Mastercard® purchases immediately, and all valid invoices on the due date.
Reduce your Financial Risk
Once a valid invoice reaches its due date we pay it.
Simplify your accounts
We pay you, not your customers, so your accounts become simpler.
Your customers pay to use UnLock. For you, it’s free.
We will pay any amount within your customer’s UnLock limit.
How UnLock works
UnLock makes buying and selling easier for everyone. We handle both sides of the transaction, so we make sure both parties get what they want: your customers get extended payment terms and payment flexibility, you get paid on or before the due date. Everyone’s happy.
- If your customer holds an UnLock account, when they pass your invoice to us we pay you on or before the invoice due date.
- You always get paid on your terms, and you’ll never have to chase a valid unpaid invoice that is past the due date.
If you already accept Mastercard, your customers can access trade terms today with their UnLock Mastercard with no complex integrations required. Give your customers the payment flexibility to pay online or in-store.
With Unlock Mastercard®, we pay you the transaction amount on the same day.
UnLock in action – John the supplier
John’s business sells specialised tools to tradesmen, the kinds of things you don’t find in Bunnings. He has hundreds of customers, ranging from individual plumbers to large construction firms, and he has a constant headache from spending hours chasing them to pay their bills.
Apart from a small number of over-the-counter purchases, most of John’s sales are from phone and online orders. He delivers the tools with an invoice requesting payment within 30 days. Some customers pay on time, but most drag it out to 60 or 90 days, giving John a real cashflow problem – he can’t buy enough stock to fill his orders because he has so many unpaid invoices.
He signs up with UnLock and whenever a customer buys tools using UnLock, we pay his invoice on the due date or earlier, every time, on time. Pretty soon his cash flow is looking very healthy, he’s got three hours of his day back and his headache has disappeared.