Payment of your invoices will take place via the factoring company called Finqle. The client pays Finqle, after which Finqle pays you. Once completed your shift and after filling in your checkout, you have the choice between 2 different payment methods.
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 pays the amount in advance. 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. 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.