Online queue service has been temporarily suspended
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During the pandemic, customers' access to the branch has been limited. For this reason, discrepancies may occur at the times indicated in the online queue.
Collection
Presentation of financial and commercial documents to buyer only against their payment or acceptance for payment
About the product
Settlement transaction with crediting funds to the supplier’s account for delivered goods, works performed or services rendered in favor of Buyer
Who can use the collection of payment
• Small and medium-sized enterprises (legal entities and individual entrepreneurs) within the framework of contractual relations with counterparties
• You are the seller: you are given a guarantee that the documents will be transferred to the buyer only in exchange for payment for the goods
• You are the buyer: no prepayment is required, payment is made only on the basis of documents that guarantee the delivery of goods
Advantages
More secure payment method compared to bank transfer
Governance to international rules
Protection from the risk of non-delivery - the buyer does not pay for the goods until he receives documents of title to the goods or documents evidencing shipment
The documents under collection are not delivered to the buyer until he makes the payment or accepts the documents for payment (acceptance)
How does it work?
Conclusion of a contract
Shipment of goods
The supplier submits to its bank the collection instructions and documents
The bank delivers documents to the buyer against the payment for amount according to instructions given in collection
The bank transfers the amount of payment to the account of supplier
How to use collection of payment?
Open an account in PASHA Bank
Submit an application for collection to any Business Centers of the Bank or leave your e-application
Sign an agreement with the bank
Present the shipping documents to the bank
Receive the payment according to collection instructions
Apply or place a request
For additional information please contact PASHA Bank Business Centers, Contact Center at (994 12) 496 50 04 /*8123 or customer.care@pashabank.az email address.
