Get paid 100% of your recruitment fee on placement while your client pays in monthly instalments.
SelectPay will pay you 100% of your fee within 24 hours of the candidate commencing and the first instalment being paid, while your clients pay your fee over 4 equal instalments.
The Recruitment Cycle with SelectPay
Recruiter sends invoice to employer
Employer uses SelectPay to choose a payment plan
Recruiter is paid upfront
Recruiter paid in full, up front
Business pays later.
Attract new clients
Cash flow issues for clients are removed.
Reduce fee negotiations
Move the focus from price to payment terms.
Receive your fee upfront
Improve your cash flow.
No chasing payments
SelectPay will chase all late payments.
How it works
6 Step Process
Complete the online registration form.
#3 Sign Contract
Sign the contract and submit the invoice.
#4 Pay First Installment
The day before the employee starts. Recruiter is paid 100% of the invoice by SelectPay.
#5 Monthly Instalments
Your client pays the balance of your invoice monthly to SelectPay.
What is SelectPay?
What Is Selectpay’s role?
How long are the repayment terms for my client?
How much does it really cost?
How much cheaper is SelectPay than competitors?
Who are the parties to the SelectPay agreement?
There is an application form and Offer to Purchase Agreement between SelectPay and the Recruiter.
What percentage of my recruitment/consulting fee does SelectPay take?
Nothing! We pay you 100% of your invoice value.
Is SelectPay available to me as a recruiter?
Is SelectPay available for permanent and temp placements?
Please contact our team on 1300 566 299 to discuss such opportunities with one of our partners.
What is the criteria for the business credit check?
How long until the business is approved?
What is the invoice amount I can process on SelectPay?
How does this service compare to other BNPL providers?
What happens if the candidate resigns or underperforms within the 3 or 6 month probation period?
How quickly will SelectPay transfer the funds to me?
Can we add SelectPay straight onto an invoice?
As a recruiter, how do I use SelectPay to fund my invoices?
How will I know if SelectPay has processed the invoice issued to my client?
SelectPay will pay you 100% of the invoice amount due to you within 24 hours of SelectPay receiving the first instalment from the employer. You are welcome to contact our customer service team on 1300-566-229 or firstname.lastname@example.org to enquire if and when payment has not been received, should the funds not be in your account on the expected due date.
Will SelectPay fund any invoice value I submit?
SelectPay can fund invoices of any value.
If commission is paid straight away and payment is missed, how do you get it back?
How does SelectPay fund these invoices?
SelectPay has a wholesale debt funding facility with an Australian bank. Between SelectPay and our sister company TIM Finance we have funded over $850 million to $970 million of invoices over the last 7+ years.
Does SelectPay only provide funding to the recruitment industry?
Where is the business located?
Can SelectPay take on old debt?
What if a business fails the credit check? Can SelectPay still work with them?
Will recruitment companies still need a collections department? If so, what will they do?
Can we be flexible with first payments to suit clients creditor payments?
Interested? Have questions?
Get in touch today.