The B2B PayNow is a collateral-free loan, based on your company’s sales on social media apps like via Tik Tok, Lazada, Shopee, Shopify, Zalora, Woo and Sellercraft. Eligible customers can apply for the B2B PayNow from the Sellercraft platform at your point-of-need.

Your business growth may be restricted because you cannot purchase more inventory or get raw materials for making your product since your money is tied up, awaiting release of the sales proceeds. Or perhaps your bank is not supporting you with your working capital needs and takes too much time and do not accept your social commerce monthly statements.

The B2B PayNow is digitally available within Sellercraft platform and provides capital the next day which could be quickly redeployed to grow your business.

You can borrow up to a maximum of up to MYR 1,000,000. The exact credit line amount is based on your annualized GMV on social media apps and on our proprietary credit algorithm.

Customers have flexibility in choosing repayment days based on your needs. You can choose from 3 options: 30 days, 45 days, or 60 days.

We have a single Service fee which is charged every time when we disburse your loan. Each borrower is assessed based on your performance on social commerce apps and our pricing algorithm.

Service fee is calculated based on the tenure selected and deducted upfront, meaning you will receive loan amount less Service fees. We will let you know the exact amount of fees before we disburse you your loan.

No hidden charges or additional charges like platform fee, legal fees etc.

No charges for applying for the B2B PayNow, other than an upfront Service Fee

We charge Service fees only when we disburse you your loan amount. We deduct the fees upfront from the loan amount, meaning you receive loan amount minus Service fees. The borrower (seller) has to pay the entire loan amount on due date

No, the only mandatory fee charged is Service Fee. There are no other hidden charges like app fees, legal fees, administration fees, commitment fees, annual fees etc.

Only applicable for late payments. There is a daily late fee which is 3x the daily service fee % for every day of late payment. We provide a 3-day grace period as we do understand payments get delayed in course of business.

Daily Late fee will be charged from the due date. For e.g., if the borrower fails to repay within the grace period, late fee will be applicable from the due date.

We have simplified the Service product so that you pay a single fee – the Service Fee. There is no separate interest expense that is charged to you.

Daily late fee of 3X the Daily Service Fee, would be levied in case of delayed payments for each day. Additionally, Service fee would be increased by 4% per annum (or roughly 0.011% per day) for your subsequent loan drawdown. This additional 4% p.a would be removed when you repay the current loan on time.

The Service Fee is charged based on loan term selected and deducted upfront. As such, we will not be able to refund you the fees, should you repay your loan early. You can repay the loan early with zero early settlement fees.

Eligible customers will see the “Apply now” on your Sellercraft dashboard. Follow the few short steps to complete the application process. Should you not see the option to apply, reach out to your Sellercraft relationship manager for help.

You would need to give Sellercraft platform consent to share your E-Commerce/Social Commerce data with us to confirm the credit limit and pricing. Application does not require additional income documents like financial statements or bank statements.

No, you do not need to provide personal or corporate or personal guarantees.

No, you do not need to give the actual report but you do need to provide consent to pull the bureau report

We endeavour to provide you with a conditional loan decision along with the approximate loan amount and Service fees within 12 hours, once you have given consent to share your social commerce sales data with us. You will be prompted to upload your KYC documents as well.

Once we have verified your documents, the credit line will be available for drawdown. This should not take more than 24 hours after receiving your KYC documents.

You can request for funds immediately once the loan has been approved and loan agreement signed. You can sign the loan agreement and self-initiate a loan drawdown on Sellercraft platform. We will credit the funds to your bank account the next business day.

We have designed a fully digital solution to save you time and the effort of collecting documents and filling out paper application forms. Paper form loan submissions are not accepted.

Yes. The credit line is given based on your company’s annualized sales on social commerce apps. If the recent sales data can support the MYR 750,000 repayment you will be eligible for a full drawdown from your approved credit line.

On the due date you would need to repay the entire amount to the bank account designated and provide evidence of the bank transfer. The company must make sure that entire amount is transferred on the due date else the account shall be marked as delinquent, with an additional charge of Daily Late Fee and a 4% per annum increment in the Service Fee for subsequent drawdown.

Yes, multiple drawdowns are possible if there is available credit limit and your recent sales trends are supporting your ability to repay.

When a drawdown is requested, the funds, minus the Service fees, are disbursed directly into your bank account the next business day.

In case of two consecutive missed repayments, your access to funds will be suspended and your account will be subject to an internal review before the line is reinstated.