FAQ
Short answers to the questions people ask most.
No. Fakturin runs on Arbitrum Sepolia with MockIDRX, a test token anyone can mint from the faucet.
Economically it is invoice financing with recourse: lenders advance money against the invoice and the seller repays it. The buyer is not involved (silent factoring).
Asking buyers to redirect payment is rare in Indonesia and can hurt the seller's relationship. The seller repays instead; the holdback, the default flag and limits protect lenders.
From the seller's cost: the seller receives 97% of the invoice value (80% now, 17% later) and repays 100%. The 3% difference goes to lenders, minus a 10% platform fee. See Pricing.
It is a registry parameter. It applies per second of tenor, so a 30-day invoice costs 1.5%, a 90-day one 4.5%. The admin can change it for future invoices within the OJK cap.
After 3 days the vault is closed automatically, any deposits are refunded 1:1, and you may submit the number again. You pay nothing.
Yes, any time after funding. The price is fixed at verification, so repaying early does not lower the cost.
It is locked in the invoice's vault so the invoice cannot be pledged twice. The app shows it on Borrow, Lend and Check.
To prove you control the wallet before the issuer writes a credential for it. Signing is free and cannot move funds.
CRE checks each Faktur Pajak with the tax system and closes overdue vaults; ACE holds the identity credentials that decide who can borrow and lend.
No. It has a full Foundry test suite and has been tested end to end, but no external audit.