faq – credit

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What will WTE do for me to maximize the credit in my account?

As a WTE member, WTE will do the following for you:
  1. Provide you with $10M  to $10B in interest-free trade finance credit within 24 hours for your purchases, acquisitions, and investments;
  2. Help you to make purchases and investments in businesses using the credit provided; 
  3. Help you to pay off any existing debts that you owe other banks, financial institutions, or organizations;
  4. Help you to cover the cost of your ongoing day-to-day business operations for three years, working capital needs, real estate and asset acquisitions, capital expenditures, purchase of machinery and equipment, purchase of inventory, new product development, marketing expenses, expansion of production capacity, business and personal expenses. So you don’t have to pay your fixed or recurring business costs for three years from your cash reserves. You don’t have to bother yourself about how to spend the trade finance credit in your account. It’s all done for you. 
  5. Help you to generate the sales revenue needed to offset your debts. In other words, WTE will assist you in paying off your debts and financial obligations. 
  6. Help you make a guaranteed income of $10M to $10B or achieve your 12-month income goal within 24 hours. The delivery of products or services can be scheduled for 12 months in the future.
  7. Help you sell off all inventories, businesses, real estate, and other assets in 24 hours at zero cost to you and without advertising or marketing expenses.
  8. Guarantee the success and profitability of all your business operations by achieving a predictable and guaranteed return on investment before making any investments.

What is Trade Finance Credit?

Trade finance credit is a source of working capital financing that WTE provides to member companies at 0% interest. With trade credit financing, you can purchase assets, goods, and services without paying cash upfront, paying the supplier at a later scheduled date. Unlike most trade credit finance providers that give buyers 30, 60, or 90 days to repay, WTE offers members trade credit financing to buy products and supplies from other companies and repay after 1095 days or according to their selling schedule.

What is the ‘NET-1095’ trade credit financing?

The ‘NET-1095’ is a trade credit financing option that enables individuals and businesses to buy assets, products, and supplies from other companies via WTE, which they can repay after 1095 days. Buy anything now and pay after 1095 days via the Net-1095 Credit.

What does Net-1095 terms mean?

Net-1095 terms mean that if you bought something today with Net-1095 Credit via WTE, you wouldn’t have to start paying for 1095 days. In other words, you can buy anything now and start paying after 1095 days. You can use your Net-1095 Credit to purchase from sellers that are connected to WTE.

How does the WTE finance help with my business?

WTE finance will practically help to cover the cost of your ongoing day-to-day operations, working capital needs, real estate, and asset acquisitions, capital expenditures, purchase of inventory, new product development, marketing expenses, expansion of production capacity, business and personal expenses up to the amount in your account. So you don’t have to pay your fixed or recurring business costs from your own cash reserves. You don’t have to bother yourself about where and how to spend the money in your account. It’s all done for you.

What assets, products and/or services can I purchase using the trade finance credit?

You can buy real estate, cars, boats, aircraft, business services, household items, and many more. You can buy virtually anything apart from government services. Please, download the PDF report at https://privatecurrency.biz/pdf2/wte-members-products.pdf to view a list of some of the assets, products, and services that you can purchase using WTE trade credit.

Which sellers do I buy assets, products, and services from on trade credit terms?

You can use the trade credit in your account to purchase from millions of sellers connected to WTE.

What is the extent of trade credit finance use among businesses?

The U.S. Federal Reserve Bank of New York did a Credit Survey in 2019 and discovered that trade credit finance is the largest source of capital for a majority of all businesses in the United States. For example, Wal-Mart, the largest retailer globally, has used trade credit financing as a larger source of capital than bank borrowings; trade credit for Wal-Mart is 8 times the amount of capital invested by shareholders. It is a short-term financing option, which means that the outstanding payment is expected to be settled within 30 days or in up to 18 months. However, the WTE’s trade finance credit is a long-term financing option.

Can I buy the things I want to buy from my existing or preferred suppliers?

Yes, you can buy from your existing or preferred suppliers as long as they are members of WTE. If your existing suppliers are not members of WTE, you have two options.
Option #1. You have to be willing to change suppliers to sellers who are already members of WTE.
Option #2. You can start buying from your existing or preferred suppliers after the first 90 days of your WTE membership.

What if the sellers that are connected to WTE do not have some of the items I want to buy?

It’s virtually impossible for you not to find the assets, products, or services you want to buy via WTE. Millions of sellers and major corporations are connected to WTE worldwide, and some of them will have any items that you want to buy for cash or on trade credit terms. However, in the unlikely event that sellers in WTE do not have the ‘rare’ item that you want to buy, a WTE Trade Director will use your buying schedule/shopping list to actively seek out businesses (outside of WTE) who can meet your buying needs on the same or better terms as your current suppliers. And WTE will make the payment on your behalf. Alternatively, you can start buying from your existing or preferred suppliers after the first 90 days of your WTE membership.

How do I trade with other companies using trade finance credit?

100% of the work is done for you: WTE does all the work for you, including providing the interest-free trade finance credit needed to buy all the items on your shopping list, negotiating with sellers, securing supply contracts from major corporations on your behalf, paying sellers and facilitating the transactions to ensure the timely delivery of the assets, products, and services purchased on your behalf.

Can I make purchases, negotiate with sellers directly, secure supply contracts from major corporations by myself, pay sellers and facilitate all transactions by myself?

Yes. In the first 90 days, the WTE team will assist you in facilitating 100% of your transactions and train your team on how to use the WTE platform. Once your team is fully trained and you’ve built a transaction history in the first 90 days, then you can begin to facilitate your transactions by yourself.

How do I repay the loan received via WTE?

You are not required to repay the debt unless WTE helps you to generate the sales needed to offset your debt. In other words, WTE will assist you in generating the sales orders and revenue needed to offset your debt. If WTE does not generate the sales needed to pay off your debt, then you don’t have to repay the credit owed.

What are the repayment terms?

  1. You are not required to make any cash repayment at all.
  2. The repayment of the credit will be made through the sales of goods and services. For example, if you received $100M in credit to make purchases, you are required to repay us with $100M worth of goods and/or services and NOT with $100M cash. Cash loan will be repaid with cash.
  3. You are not required to repay the debt unless WTE helps you to generate the sales needed to offset your debt. In other words, WTE will assist you in generating the sales orders and revenue needed to offset your debt. If WTE does not generate the sales needed to pay off your debt, then you don’t have to repay the credit owed. No impact on your credit score.
  4. You can pay the entire amount with goods and services at no extra charge.
  5. Alternatively, you can choose to spread the repayment over another 52 weeks.

What if I can’t make enough sales of my products and services to offset the credit received?

It’s not up to you to make enough sales to offset your debt. It’s WTE’s responsibility to help you generate enough sales to offset your debt. If WTE does not generate the sales needed to pay off your debt, then you don’t have to repay the credit owed.

What if I don’t have any products or services to sell to offset the credit line received?

Your buying schedule/shopping list must include productive assets, products, or services that WTE can generate sales orders for. If your buying schedule/shopping list does not include productive assets for income generation, your existing business must offer products or services that we can generate sales orders for.

What if my buying schedule/shopping list do not include any productive income-generating assets and my existing business does not provide the products and services that I can sell to offset my debt?

You can choose to repay the loan with cash. In this case, we will establish a lien on any asset we buy for you to guarantee the repayment of the loan. If you offer products and services that we can buy or bring buyers to buy from you, no lien would be put on your assets.

If I get a $50B credit line, can you supply us with up to $50B worth of products and services?

Yes, of course. 100% guaranteed! 

How does the “no cash repayment” work? Does it mean that I don’t have to repay the loan at all?

When we say there is no cash repayment, it doesn’t mean that you will not repay the credit given to you. 

It means that you have to repay the credit line with an equivalent amount of your products and services. Not with cash. Every member must repay the credit received.

What do you mean that I don’t have to repay my debts unless WTE will help me offset my debt?

It means that you are not required to repay the debt unless WTE helps you to generate the sales needed to offset your debt. In other words, WTE will assist you in generating the sales orders equal to the credit you received, and you are required to fulfill the sales orders generated to offset your debt. If WTE does not generate the sales needed to pay off your debt, then you don’t have to repay the credit owed.

 

For example, Lockheed Martin will supply their products on credit terms to WTE members because they have to repay the credit line received with an equivalent amount of their products and services. 

 

Can you give an example of how WTE can help to offset the credit I receive?

Let’s say we give you a $50B credit line, and you purchase an office building, official cars, machinery, equipment, an entire manufacturing plant, and other pre-budgeted items with it. You’re not required to repay us with cash ever. However, you will repay us with $50B worth of your products and services over the term of your credit line. WTE will generate sales orders for your products from our members to offset your expenditure. You’re required to fulfill the orders we generate on your behalf until your obligation is fully repaid.
To repay us with your products, you will give us a selling schedule based on your production capacity. A selling schedule is how much of your products you can deliver or the sales orders you can fulfill periodically based on your production capacity. We will generate sales orders for you based on your selling schedule.
Suppose you can fulfill a maximum of $500M in sales orders per month and state that in your selling schedule, WTE will generate $500M in sales orders per month for you to fulfill until your debt is fully repaid. If you can fulfill up to $1B in sales orders at once, we can get WTE members to place advanced orders for up to $1B of your products.
As WTE is not a replacement for your cash business, the WTE selling schedule will be based on a maximum of 20% of your monthly production capacity. For example, if you can fulfill a maximum of $500M in sales orders per month, then we will schedule the sales of $100M of your products through WTE. 

Where is the WTE Net-1095 financing service available?

WTE offers Net-1095 financing services to members in 165 countries. Contact us to know if your country is among the countries that we extend the Net-1095 credit service.

Note that the countries where we offer extended financing will change on August 1, 2021. In a few countries, we will begin offering extended financing where we previously didn’t. Likewise, in a few countries, we will cease offering extended financing where we previously did.

I am an individual (not a business owner), can I use Net-1095 financing services to make purchases?

No. It’s for businesses only.

Which banks do you support?

We support most international, national, regional, and local banks and credit unions – over 12,000 financial institutions in all.

How soon can I start using my account?

After paying the membership fee, we will perform due diligence on your business. We will then set up your account and credit it with $10M to $50B. Once your account is set up, you can start making purchases via WTE within 24 hours.

After paying the membership fee, how long does it take for my account to be set up and funded?

After paying your membership fee, we will perform due diligence on your company for about 5 to 7 days. After the due diligence process, it takes 24 hours to set up and fund your account. All things being equal, your account should be set up and fully funded within 8 days of confirming your membership payment.

After confirming your membership payment:
1. Due diligence = 5-7 days 
2. Account setup and funding = 24 hours after performing due diligence.

In all, your account should be set up and funded within 8 days.

How long does it take to complete the due diligence on my company before setting up my account and crediting it with the credit line?

The due diligence process takes 5-7 business days.
After completing the due diligence, we will set up your business account and credit it with $10M to $50B within 24 hours.
Once your account is set up and funded, you can start making purchases within 24 hours via WTE.

What happens if I fail the due diligence and my account is not approved for any reason?

Your membership fee will be refunded immediately.

Who should I contact if I have more questions?

Please email us at info@world-trade-exchange.com 24/7.

What is the minimum amount I can spend on Net-1095?

You can use Net-1095 for any purchases above $10M.

How secure is my information?

The security of your business and personal information is of the utmost importance to us. We adhere to industry-standard security protocol, including appropriate administrative, physical and technical safeguards to protect the information submitted to us.
We only collect and store the data required to facilitate your transactions successfully. We may share your information with our third-party service providers and partners, but only to assist us with our business operations and to provide our services.

What is instant recrediting?

Instant recrediting is a premium feature for eligible businesses. When you repay a WTE NET-1095 debt in full, the amount you repaid becomes immediately available in your credit limit. With instant recrediting, you can use your available WTE NET-1095 Credit to make another purchase right away.
For example, You paid your seller $5M on WTE NET-1095 with your WTE NET-1095 Credit. When you repay WTE NET-1095 for that amount in full, you can get $5M instantly added to your available credit.
Instant recrediting allows you to:
  1. Increase your available credit immediately
  2. Buy what your business needs without waiting for WTE NET-1095’s weekly debit and the ACH transfer.

What is trade credit used for?

Cost control, cash flow management, financial leverage, capital release, financing for growth… Trade credit is the bedrock of business, the greatest facilitator of global and local trade from supermarket shelves to shipyards.
If you’re on the receiving end, it’s like having an unsecured, interest-free loan to buy the goods and materials you need. This puts assets in your hands that your business can use to generate income – with no drain on your working capital and a lot less pressure on your cash flow.
Some businesses couldn’t exist without trade credit. Construction, shop-fitting, retail… Imagine having to pay for everything right away, all that cash tied up until the money comes in from your customers.

Can I convert trade finance credit to cash?

Yes

Can I withdraw cash from the trade finance credit?

You can make purchases and investments via WTE using a trade credit line for the first 90 days. After the first 90 days of establishing a transaction history with WTE, you can start withdrawing cash via our ‘trade credit to cash’ conversion feature within your account. WTE will guide you through the process.
For example, if you want to buy real estate, inventory, advertising services, or any product or services listed at
https://privatecurrency.biz/pdf2/wte-members-products.pdf , WTE will assist you in making the purchase directly.
WTE does all the work for you, including providing the interest-free trade finance credit needed to buy all the items on your shopping list, sourcing for suppliers to meet your buying needs, negotiating with suppliers, securing supply contracts from major corporations, paying suppliers, and facilitating the transactions on your behalf to ensure the timely delivery of the assets, products, and services to you.
100% of the work involved in making purchases and investments using the trade finance credit in your account is done for you.

What if I want to repay earlier than 1095 days after my purchases?

You can repay early at any time, and we’ll give you a 10% discount on the amount spent on purchases on your behalf. Then, the remaining amount will be debited from your account on the upcoming payment date.

When does my seller receive payment?

WTE will initiate a payment to your seller the same business day you create a payment. Your seller will be notified via email and in their WTE account dashboard immediately. Your seller can get paid as soon as the next day.

Why does WTE offer clients so many benefits? What is in it for WTE?

In return for providing you with interest-free trade credit, we’ll:
  1. Help you make future sales at prices set by us to offset trade credit given to you and profit from the price differential.
  2. Gain the right to make purchases on your behalf. In other words, WTE will pay for your ongoing business expenses on your behalf. So you don’t have to pay your fixed or recurring business costs from your own cash reserves.
  3. Manage some of your sales and purchase transactions. WTE will receive a cash commission on each transaction from suppliers, just like any brokerage firm.

Are there restrictions to being approved for this trade finance credit?

Nope. There are no restrictions at all—no credit check. No collateral. No loan fees. No interest. No financial indebtedness. No cash repayment.

Can I use the trade finance credit to purchase a higher membership plan or to invest in the WTE business? For example, if I receive $10M from the Startup 1 membership, can I pay for the Premium membership plan from the trade finance credit granted to me?

Yes, you can. However, you can only start using the credit in your account to pay membership and transaction fees after the first 90 days of establishing a transaction history with WTE.

What factors does WTE consider before releasing a cash loan to my bank account?

  1. Execution of your buying schedules/shopping list. 
  2. Your transaction history with WTE for at least 90 days. This will provide evidence of the production capacity of your business to WTE’s partner banks. Without a transaction history with WTE, we cannot guarantee your loan with our partner banks.

Will you transfer the cash loan to my bank account with other banks in any country in the world?

Yes, the cash loan will be transferred to your bank account with other banks in any country in the world. However, the bank account into which it is transferred must have the same account name as the company name you used in opening the WTE account.

How soon will the cash loan be transferred to my bank account after paying my membership fees?

You will receive $10M to $50B in trade credit in your account within 24 hours of setting up your account.  After the first three months of establishing a transaction history with WTE, cash loans can be transferred to your bank account, and you can start withdrawing your sales revenue in the form of cash directly into any bank account.

Is it possible to accept cash sales and do only cash-based transactions starting from the first day as a WTE member?

Yes, you can do only cash-based transactions through our offset cashback services. However, we will still deduct a transaction fee that is equal to 5% of the value of all your transactions before remitting your cash sales revenue to your bank account.

If I do only cash-based transactions from my first day as a member of WTE, does the 90-day delay before releasing my cash loan still apply?

Yes, you’ll only receive the cash loans after the first 90 days of establishing a transaction history with WTE, whether your transactions are in cash or trade credit.

What do you mean by "WTE will cover all my costs, payments and investments?"

It means that WTE will practically make payments on your behalf. For example, if you want to purchase a piece of new machinery, WTE will help you pay for the new machinery using the trade finance credit in your account. WTE will also ensure that the machinery is delivered to you at no extra cost. So you don’t have to pay for the machinery from your own cash reserves.

What do you mean when you say “100% of the work is done for you?”

WTE does all the work for you, including providing the interest-free trade-credit needed to buy all the items on your shopping list, negotiating with sellers, securing supply contracts from major corporations on your behalf, paying sellers, and facilitating the transactions to ensure the timely delivery of the assets, products, and services purchased on your behalf. 100% of the work is done for you.
WTE will practically help to cover the cost of your ongoing day-to-day operations, working capital needs, real estate and asset acquisitions, capital expenditures, purchase of inventory, new product development, marketing expenses, expansion of production capacity, business and personal expenses up to the amount in your account. So you don’t have to pay your fixed or recurring business costs from your own cash reserves. You don’t have to bother yourself about where and how to spend the trade credit in your account. It’s all done for you.

How do members of WTE pay for products from my company? With trade credit or with cash?

WTE members can pay for your products using trade credit or cash, depending on how you want to be paid. If you want your products to be sold for cash, members will buy your products with cash only. If you want to be paid with trade credit, members will buy your products with trade credit. The only restriction as to how you get paid is your membership status.

How will WTE provide me with cash infusion to sustain my business?

If you need an immediate cash infusion to make some purchases or investments, then WTE can provide you with cash finance credit and help you purchase any assets, products, or services that you want to buy.

Do you charge any loan fees?

No, WTE does not charge you any fees for any trade credit loan. We have never charged any loan fee, and we will never charge any loan fee. In fact, we clearly stated on the homepage of our website that one of the points that make our credit services unique is: “NO LOAN FEES.”

Are your membership and transaction fees not the same as loan fees?

“Membership and transaction fees” are not the same as loan fees. The membership and transaction fees cover all the business services members receive from WTE.
WTE members receive comprehensive business services, including providing you with interest-free credit, sourcing suppliers, asset acquisitions, helping you make purchases and investments with the credit we provide, and help you generate the sales revenue needed to offset your debts. There are different types of ‘DONE FOR YOU’ business services that WTE offers members, as shown on our website. So, the membership and transaction fees are for the business services and benefits of the membership plan you are subscribed to. It’s NOT a loan fee.

How do I get maximum benefits from the WTE platform?

We will assign a business management team of 100 staff dedicated to managing your account and helping you get maximum benefits from the WTE membership. The team assigned to you will do 100% of the work required to help you achieve your goals on your behalf. No work, time, effort, or risk is required on your part to generate revenue or achieve any results.

Can I join WTE without paying any upfront fees?

No, we don’t offer any free business services or membership plans. You are required to pay your membership fee upfront before we can offer you any of our services.

Is selling via WTE like a barter program instead of being paid actual cash for the products that we sell?

No, selling via WTE is not a trade-by-barter system. It’s a misconception to think that it’s a barter program. We do not offer any trade-by-barter services, and the WTE countertrade is based on multilateral trade and not trade-by-barter. WTE membership services do not include any trade-by-barter offers or services.

Can I pay the membership fee after you set up my account and credit it with the loan allocated to my preferred membership plan?

The membership fee must be paid upfront before we are obligated to offer any service to any member. Any prospective client asking or expecting us first to provide any services without an upfront fee is NOT QUALIFIED to be our client. As a company, we don’t offer any free services.

How does providing a member with credit and making purchases work in the first 90 days?

100% of the work involved in making purchases using the $100,000,000 is done for the Member for the first 90 days. WTE will provide the member with the $100,000,000 finance credit needed to buy assets and all the items on the Member’s shopping list. WTE will help in sourcing for suppliers to meet the Member’s buying needs, negotiating with sellers, securing supply contracts from major corporations, paying sellers and facilitating the transactions on the Member’s behalf to ensure the timely delivery of the assets, products, and services to the Member. It’s all done for the Member.

What is the fee to join WTE membership?

Please, refer to the current membership fees at https://privatecurrency.biz/fees 

What mode of payment do you accept for the WTE membership.

Bank transfer. 

How does WTE membership work and how do I get started now?

Please, review the ‘how it works’ page at https://privatecurrency.biz/how-it-works

How do I get started? Where do I apply for the WTE membership?

You can fill out the membership application form at https://privatecurrency.biz/fees to get started now.
CLICK HERE TO JOIN WTE