The terms ‘bills discounting’ or ‘purchase of bills’ are all same. Purchase Financing is a cradle of working capital finance for the seller of goods on credit. Bill discounting is a preparation whereby the seller improves an amount of sales bill from the financial mediators before it is due. Such mediators charge a fee for the service. On the other side, it is a business vertical for all types of financial intermediaries such as banks, financial institutions, NBFCs, etc.