1. Introduction
Raba provides vendors, equipment suppliers, installers, and OEMs with an opportunity to offer flexible lease-to-own financing to their customers without taking on financial risk. By joining the Raba Partner Program, vendors can increase sales, reach more customers, and enjoy instant payouts for lease-financed purchases.
These Terms & Conditions outline the responsibilities and expectations for all vendor partners participating in the program.
2. Eligibility & Enrollment
To join the Raba Partner Program, the vendor must:
- Be a legally registered business.
- Sell, distribute, or install equipment relevant to Food Service, Fashion, Healthcare, Power & Energy, Electronics, or Industrial Equipment.
- Offer fair pricing and quality assurance on all products.
- Maintain ethical business practices and comply with all relevant regulations.
- Complete the Raba Partner Application and agree to these terms.
Upon successful review, vendors will receive onboarding training and sales enablement materials.
3. Vendor Responsibilities
As a Raba Partner, vendors agree to:
- Offer lease-to-own options powered by Raba at their point of sale.
- Provide accurate product pricing and valid warranties where applicable.
- Offer Raba a small vendor discount (5%) on lease-financed equipment sales.
- Work with Raba-approved installers for smooth equipment delivery and setup.
- Ensure timely customer referrals and support in application processing.
- Maintain proper records of transactions related to Raba’s financing.
4. Payment & Pricing Model
Raba ensures a transparent revenue model that benefits both vendors and customers.
Vendor Discount Rate
- Vendors agree to a 5% discount on equipment sold via Raba’s lease-to-own financing.
- This discount makes financing more affordable for customers while ensuring vendors close more sales.
Processing Fee
- A 1% processing fee applies only to approved leases to cover credit assessment, financing setup, and administrative costs.
Raba Lease Margin
- Customers pay lease payments with interest, which funds program growth and ensures sustainable financing.
Split Payment Model (If Applicable)
- If a split fee model is adopted:
- Vendors cover the discount fee (5%) as part of customer acquisition.
- Customers cover the processing fee (1%) to enable financing.
Vendors receive full upfront payment from Raba upon lease approval, eliminating cash flow delays.
5. Customer Application & Approval
- Vendors display Raba’s lease-to-own financing to customers.
- Customers apply online or in-store with a simple application form.
- Raba conducts a credit assessment and notifies vendors of approvals within a set timeframe.
- Upon approval, vendors receive full payment, and customers start making lease payments to Raba.
6. Delivery & Installation
- Vendors must ensure timely delivery of equipment for approved leases.
- Vendors can use their own installation teams or refer to Raba-certified installers.
- Raba oversees customer service & support, ensuring smooth transactions.
7. Marketing & Sales Support
Raba provides vendors with:
- Marketing materials to promote lease-to-own financing at their locations.
- Sales training & onboarding resources for their teams.
- Digital tools & vendor portal (when launched) for seamless lease application tracking.
8. Dispute Resolution & Compliance
- Vendors must comply with all consumer protection laws and business regulations.
- Any fraudulent activity will result in termination from the program.
- Disputes will be resolved through a structured process involving vendor support teams.
9. Termination & Review
- Raba reserves the right to review vendor partnerships annually.
- Either party may terminate this agreement with 30-day notice.
- Vendors found violating terms of service may be removed immediately.
10. Agreement Acceptance
By enrolling in the Raba Partner Program, vendors acknowledge and agree to these terms.
For questions or partnership inquiries, contact us at: partners@getraba.com