APP – SCORE
APP
How can I share my reputation?
How can I send a new payment Requests?
How can I communicate a payment I have made?
SCORE
Contact Us
If you have any questions or suggestions about the StonePay app or the Score, do not hesitate to contact us at [email protected]
How can I share my reputation?
Just three steps to share your reputation:
One – Press the yellow icon at the bottom-right of the “My Reputation” section
Two – Select a contact from the “My Contacts” list or add a new contact with the “+” icon at the top-right of the “My Contacts” page
Three – Select how long you want to share your reputation with the contact and turn on the read receipt option to check if the recipient opens it.
How can I send a new payment Requests?
There are two ways to send a new payment request:
A) From “My home” press the yellow icon “+” at the bottom-right of the screen
B) From “My Contacts” press the Stonepay or “+” icon at the right of the contact-company name
How can I communicate a payment I have made?
Open the payment request with a right swipe and click the yellow button “Paid”, that’s it.
How is it worked out?
All lenders use the credit score provided by credit bureaus. Does this information faithfully represent your reputation on the market?
Start to Build Your Reputation by your own.
StonePay is a revolutionary app that decentralises trust. It is a score-based reputation builder for both individuals and organisations, and a notification system to verify inbound-outbound payments’ deadlines. Even if you have never borrowed, but you pay your deadlines on time, you can start building your reputation right away.
Your reputation is calculated in real time, based on payment confirmations received from your creditors. The greater your circle of contacts that confirms the punctuality of payments the higher your score.
The score starts from 1 and grows up to a maximum of 100
How do other company use it?
Only you decide with whom, how and when to share your reputation.
So whether you want to share it with a lender, supplier, or business partner, the decision is entirely up to you.
The fact is, a good Reputation Score can get you more trade credit and save you thousands of dollars in interest and fees as lenders are more likely to extend lower rates if you present less of a risk for them.
How can I improve my score?
With just two simple actions you can begin to grow your reputation:
– Invite as many contacts you do business with both regular and occasional.
– Record as many payments as possible and have them confirmed
Score factors
Research shows that your track record of payment tends to be the strongest predictor of the likelihood that you’ll pay all debts as agreed to.
Payments of bills, credit cards, mortgages and loans are already summarized by the credit scores of the credit bureaus, but you have no control over that scores.
Your reputation, on the other hand, is provided by the market in which you operate. So start to Build Your Reputation by your own.
Score influencers and Tips
- TIP: Make sure you pay your outbound payments in time. A few late payments are not an automatic “score-killer.” An overall good reputation can outweigh one or two instances of late payments
- TIP: Find when is possible an agreement and avoid unpaid transactions
- TIP: Ask to confirm timely the funds receipt in order to validate your reputation from your business network
- TIP: Broaden your business contact circle and have occasional transactions entered as well