Legal agreement between you and Receivables Xchange Marketplace
Version: June 2025
Receivables Xchange Marketplace is a B2B platform operated by Sapflex Ltd (UK) that facilitates the sale and purchase of trade receivables. It provides tools for listing, buying, signing, paying, and notifying commercial invoices between verified businesses. Sapflex Ltd is not a regulated financial institution.
Only legally registered companies may use the platform. Each user must verify their identity and banking details. Sapflex Ltd reserves the right to refuse or terminate access in case of suspicion of fraud, identity falsification, or breach of platform rules.
The seller is solely responsible for ensuring that each listed receivable:
The platform offers two sale modes: direct sale (fixed discount) and marketplace (negotiated offers).
Buyers may select one or more receivables and submit a purchase offer. Once the offer is accepted by the seller, a digital contract is automatically generated and signed electronically via SMS. After both parties have signed, the buyer must proceed with payment via:
Funds are securely held by Worldline in a dedicated escrow account. They are only released to the seller once the contract has been signed by both parties and the debtor has been formally notified.
Upon completion of the sale (signed contract and confirmed payment), the debtor must be formally notified of the assignment of receivables. This notification must include:
The seller is legally and contractually responsible for ensuring that the debtor is properly and timely informed of the assignment. Even if the platform assists with or sends the notification, the seller remains liable in case of failure, error, or rejection by the debtor.
In case of non-notification, incomplete notification, or fraudulent omission, the seller shall bear full responsibility and indemnify Sapflex Ltd and the buyer for any direct or indirect damages.
This Platform is operated by Sapflex Ltd, a UK-registered company. However, transactions conducted through Receivables Xchange Marketplace may involve counterparties and debtors located in different jurisdictions.
The assignment of a receivable is governed by the applicable law of the debtor’s country of incorporation, unless otherwise stated in the contract. All parties are responsible for ensuring that their transactions comply with the legal and regulatory framework of the country concerned.
Sapflex Ltd acts solely as a neutral intermediary and declines all liability in case of non-compliance with local laws. Any disputes relating to the Platform itself (not the receivable) shall fall under the exclusive jurisdiction of the courts of England and Wales.
All transactions require dual electronic signatures verified via SMS. Once both parties have signed, the contract becomes binding. Sapflex Ltd retains a timestamped copy for compliance and audit purposes.
For eligible receivables, credit insurance may be proposed during the offer process. The buyer alone decides whether to purchase this insurance and bears 100% of the associated cost. Sapflex Ltd only facilitates the connection with insurance partners and does not guarantee coverage or claims payment.
Sapflex Ltd applies a fixed commission rate of 1.5% on the gross value of each receivable sold. This amount is automatically deducted from the funds held in the Worldline escrow account. A commercial invoice is issued to the seller after every successful transaction. Sapflex Ltd may be exempt from VAT depending on UK tax status.
Sapflex Ltd is not liable for:
Each user is solely responsible for verifying legal, tax, and regulatory compliance in their jurisdiction.
Sapflex Ltd may suspend or remove a listing at any time if:
Funds may be held until final resolution. Repeated violations may result in account termination.
Sapflex Ltd – Receivables Xchange Marketplace
2 Frederick Street, Kings Cross, London WC1X 0ND, UK
Email: contact@receivablesxchange.uk
UK Landline: +44 20 3951 3063 | UK Mobile: +44 7783 367827
FR Landline: +33 9 54 74 14 60 | FR Mobile: +33 6 52 52 56 90
Sapflex Ltd collects and processes personal and business data in full compliance with the RGPD, UK GDPR and Data Protection Act 2018. All information shared on Receivables Xchange Marketplace (identity, invoices, financials, signatures, notifications) is securely stored and encrypted.
Users agree to keep confidential all non-public information they access through the platform, including debtor identity, transaction history, buyer/seller details, and insurance data. Any unauthorized sharing, copying, or commercial reuse is strictly prohibited.
Sapflex Ltd reserves the right to update these Terms of Use at any time to reflect legal, technical, or operational changes. Users will be informed of significant modifications via email or via notification on their dashboard.
Continued use of the platform after any modification constitutes acceptance of the new terms.
Users agree not to bypass Receivables Xchange Marketplace by entering into direct agreements with the debtor or the counterparty (buyer/seller) regarding the same receivable outside the platform.
Any attempt to circumvent the platform or avoid commission payment will result in immediate account termination, legal action, and a contractual penalty equivalent to 10% of the receivable’s face value.
Receivables Xchange Marketplace, operated by Sapflex Ltd, does not act as a financial advisor, credit broker, insurance broker, or regulated intermediary of any kind. The Platform is not authorised or regulated by the Financial Conduct Authority (FCA) or any equivalent authority in other jurisdictions.
Sapflex Ltd does not provide investment advice, insurance underwriting, debt collection, or any activity requiring a financial license. All users must perform their own due diligence and seek professional advice where necessary.
Sapflex Ltd is not a regulated financial institution. Payments are processed securely through a Worldline escrow solution, ensuring protection for both buyers and sellers.
Last updated: June 14, 2025
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