What is lockbox?
Lockbox: A bank address (or account) where your customers send factored payments.
How it works
The factor uses a lockbox to receive and post payments quickly, which shortens the reserve release cycle and reduces disputes over who received what.
Where you will run into it
Lockbox comes up most often in invoice factoring conversations. See how invoice factoring works, including real cost ranges and timelines.
Related terms
Lockbox questions
A bank address (or account) where your customers send factored payments.
The factor uses a lockbox to receive and post payments quickly, which shortens the reserve release cycle and reduces disputes over who received what.
Funding Requirements Checklist for US manufacturers
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