Before we explain the differences between Invoice Discounting and Bill Discounting, you need to know what they are. If you haven't read our previous blogs, then take a look at what Invoice Discounting and Bill Discounting are.
Now that you have an idea of what those two are, you must be wondering - what is the difference? We agree, they are very similar to each other however, there are minuscule differences.
Invoice discounting and bill discounting, both serve the same purpose. Businesses can opt for any one of the options to receive some quick cash after they sell their invoice.
The major difference is that invoice discounting is a loan while bill discounting is a bill of exchange.
Another difference is that with invoice discounting you can sell only those unpaid invoices that are to be paid in 90 days. With bill discounting you can sell the unpaid invoices that are to be paid between 30 to 120 days.
No matter which platform people choose, what everyone's looking for is a high fixed return rate for investors and a low-interest rate and fees for businesses. If this is something you have been looking for then you mustn't waste any more time and get on board with Invoice Trades!