Payment Methods

Building materials transactions in Egypt operate entirely on traditional payment instruments — no online payments, no digital wallets, no payment gateways. HyperQuote supports the methods that Egyptian B2B construction actually uses, and the platform tracks every payment from receipt to reconciliation.

Bank wire transfers are the standard for mid-to-large orders. You transfer funds from your company bank account to HyperQuote's designated account, referencing the invoice number. The finance team records the transfer upon bank confirmation and matches it to your outstanding invoices.

Wire transfers are preferred for orders above EGP 5 million and required (alongside letters of credit) for orders above EGP 50 million. Processing time is typically same-day for domestic Egyptian bank transfers.

Post-dated cheques are the dominant payment instrument in Egyptian B2B commerce. You issue cheques dated for future payment — 30, 60, or 90 days after delivery, depending on your credit terms. The system tracks each cheque individually: cheque number, issuing bank, amount, maturity date, payer, and status.

A cheque moves through defined states: Received (physically in hand), Deposited (submitted to bank), Cleared (funds collected), or Bounced (insufficient funds or other rejection).

A bounced cheque is a criminal offense under Egyptian law (Articles 534-536 of the Penal Code). This makes post-dated cheques a uniquely powerful payment instrument — the criminal liability provides security that no digital payment method can match. It also means you should never stop payment on a cheque; doing so carries the same criminal penalties.

Banks in Egypt also offer cheque discounting — advancing 85-90% of a cheque's face value immediately — which is a common working capital tool for businesses holding future-dated instruments.

Cash on delivery applies to new customers (Tier 1) and flagged accounts (Tier 5). For new customers with no credit history, the typical structure is 50% advance payment plus 50% COD by certified bank cheque. Cash payments are recorded and receipted through the platform, with a payment receipt PDF automatically generated and sent via the portal and WhatsApp.

COD for drop-ship deliveries (where HyperQuote is not physically present at delivery) is handled through post-delivery wire transfer within 3-5 business days, or a HyperQuote representative collecting a certified cheque from your office.

Letters of credit are used for large orders (typically EGP 50 million and above) and provide bank-guaranteed payment security. The system tracks the full LC lifecycle: issuance, amendments, document presentation, draws, and expiry.

LCs are particularly important for first-time transactions between parties, large project orders spanning multiple months, and situations where the buyer's creditworthiness has not been established through transaction history.

HyperQuote does not accept mobile wallet payments (Vodafone Cash, InstaPay, Orange Money), online card payments, or any digital payment applications. This is a deliberate decision that reflects how B2B construction transactions work in Egypt. Orders can reach hundreds of millions of Egyptian pounds — these transactions require the security, traceability, and legal enforceability that traditional banking instruments provide.

When any payment is received and verified — wire cleared, cheque deposited and cleared, LC drawn — the system automatically generates a payment receipt PDF (إيصال استلام) confirming the transaction. This receipt is sent to you via the portal and WhatsApp, providing a formal acknowledgment for your records.