Recourse Invoice Factoring
Recourse invoice factoring means the credit risk of the customers of the business is assumed by the business only and not by Orumfy.
In this type of invoice factoring Orumfy is only a financing and collecting agent for the business.
Commission charges would have been higher if factor would also have assumed the credit risk. Here, the charges would only include a component of interest on the money advanced and service charge for collecting the money.