How does the billing, reporting, and fees calculation process work?

Notifications regarding recovered files and status updates are sent daily to the email address of the user who created the account and the members of his team if affiliated with Respaid.

It mentions the amount and the channel of payment.

Invoicing and lettering are structured as follows :

1. Receivables recovered through the payment link are processed with "source debit" billing. A table of newly recovered invoices is sent weekly.

2. Invoices settled with your entity lead to third-party billing. The payment is automatic through direct debit.

How fees are calculated :

Amicable collection operates on a success-based model, where the fee is a percentage of the amount successfully recovered, depending on the age of the debt, with additional fixed lawyer fees.

Installments handled by the partnering lawyer's office are charged at a rate of 10% of the amount collected.

Optional features like SMS/Voice notifications and incorrect email filtering are offered during the implementation of the debt table. There are no hidden fees, and all elements are disclosed to the creditor before initiating the collection process for these debt lines.

Amicable collection after 20 days :

-If the amicable recourse has not yet given rise to a recovery of the debt, please note that the steps are brought to be pursued by the lawyer. If you have recovered funds from your entity, we kindly request you to inform your account manager to stop any action against the debtor.

-If you wish to obtain a judicial recourse, we invite you to contact your account manager to do the necessary.