FAQs

How much does Buy Now, Pay Later really cost?

With no application fee or ongoing admin fees, a simple per instalment fee from just 1% of the invoice value is charged for the four instalment payment plan. So, from just 4% in total!

How long are the Buy Now, Pay Later repayment terms?

Four equal monthly instalments.

Will Selectpay fund any invoice value I submit?

Selectpay can fund invoices of any value.

How much does Invoice Financing really cost?

You receive 85% of your invoice upfront, less a 2.5% fee per month. Your client pays as per your terms. Once the client has paid, you receive the balance of the invoice.

What are the payment terms for Invoice Financing?

There are no changes to the payment terms for your client, they pay in line with your payment terms.

How do I register?

Sign up takes just a few minutes, and with a simple credit check, you’re off and running. Just fill in a form on our website and our team will get you started today!

Is there a minimum or maximum number of invoices I can send for funding to Selectpay?

No, we can do as little as one invoice and there is no maximum (subject to business credit check).

Can we add Selectpay straight onto an invoice?

Yes you can. Simply speak to your account manager to get this organised.