To get paid for your shift it is important to first agree with the Client on how long your shift lasted. You can do this through the check-out process on the platform. During this process you have two options:
You will be paid out within 3 or 5 business days after your checkout has been approved. It’s the easiest and quickest way to receive your payment. Ideal, since you are not dependent on the payment term used by the client. The reason why this method is so fast, is because the factoring company Finqle (a different company with which you sign a separate contract) pays the amount in advance and takes over your debtor risk. The costs for this service is 2,9% of the total invoice amount.
As soon as the client pays
Clients have up to 14 or 30 days or in some cases 45 or 60 days to pay the invoice after they have received it. You can always find the exact payment term in the assignment agreement that you create with the client once you apply for a shift.
It’s possible that a client doesn’t pay within the agreed payment term or pay at all. For that reason, please keep in mind that your debtor risk, when you choose this option, is a lot bigger than when you choose for the direct payment option. The average payment term that you see when performing a checkout provides only an indication and therefore no guarantee on how long it will take for your payment to arrive. In short, you don’t know exactly when the money will be in your account. For that reason this option comes with no additional costs.
In addition, you can decide to send your own invoices (and arrange your own payments) separate from the services offered by Finqle. Important: you need to let your client know upfront that this has your preference to ensure they know what to expect. If you want to use this option please reach out to us!