The difference between advance payment and factoring credit

Different payment methods are different in nature.

1. Prepayment is paid in advance, and factoring credit is a financing method without consideration, so the payment methods are different.

2. Factoring credit refers to the seller's current or future sales of goods based on the contract between the seller and the buyer. Prepaid price means that the buyer pays in advance without receiving the goods, so they are different in nature.