Quote

Definition

With Quotes, get an immediate approval or rejection by Aria, for an order that's in the purchase or invoice stage.

Consider creating a quote in scenarios such as:

• A buyer is at the checkout page, and you need to display payment options, including "Pay later".
• A seller issues an invoice in your software and seeks confirmation of instant payout availability.
• A buyer wants to verify instant payment eligibility for an uploaded invoice.
• You want to check whether a transaction between a buyer and a seller is eligible for financing and reserve funds days before creating a Loan.

Process

You'll begin by creating a Quote and providing the necessary information for the order. If the order is at the invoicing stage, you'll be able to send information about the invoice. It's not required but will help us approve your Quotes and Loans afterward.

The Quote will always be returned and decided instantly by our API, with a status, and one to multiple offers, including extended payment terms, associated fees, etc.

At the time of Loan creation, you can attach a Quote offer to the Loan so we can approve the payment if the Loan is linked to an offer that is still valid. Only one offer can be attached to many Loans for a given Invoice.

Quotes have an expiration date. After this date, we cannot guarantee acceptance of the Loan(s). You can refresh an expired Quote by creating a new one filling the same externalId.

Reserved Amount

When a quote is ACCEPTED and still active (expiredAt > today), its highest offered amount is reserved in the associated Credit Limit, the one linked to the same Debtor.

credit-limit.reservedAmount represents the total amount currently booked for the Debtor. This includes both unpaid Loans and the maximum amounts from active, unconsumed Quotes. The system is of course designed to avoid double-counting when an active Quote is linked to a Loan.

Loan acceptance

In most cases, an active, accepted Quote will lead to an accepted Loan. However, as we still perform checks on your invoice or receivable, the Loan may ultimately be rejected based on those results.

Validation

We provide 4 status:

• ACCEPTED: We accepted the Quote. It means you can expect your Loan to be accepted if it is linked to one of the offers.
• REFUSED: We refused the Quote. We wont offer advance payments for this order.
• CANCELED: You canceled the Quote
• CONSUMED: Set automatically as soon as a selected quoteOffer.maxAdvancedAmount is strictly equal to the linked loans amounts for those that are in TO_REPAY, PAST_DUE, REPAID, LOST status. You can also consume the quote yourself using the POST /consume endpoint.

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Quotes don't come with refusal reasons (yet) but if you are interested in having this information, please reach out to us so we can talk about your use case!

Tests (sandbox)

To make the Quote feature work in sandbox, you will need to create some with this this dataset: