How and when do I get paid?

When your invoice is listed for sale in one of our two daily sessions (12pm and 5pm) the advanced money, funded by our investors (up to 90% of invoice face value) will be forwarded in to your business bank account within 24 hours.

When you first sign up for MarketFinance we’ll set you up with a trust bank account with Barclays. When your customers pay the full invoice amount into the trust account we’ll forward the rest, minus our Investor fee, on to you.

What currencies can I sell invoices in?

You can sell invoices in Pounds (GBP) US dollars (USD) and Euros (EUR).

What happens if my customer pays late?

When you upload invoices to sell there’s an option to record the payment date and the expected payment date. In the unlikely event that your invoice is overdue please communicate with us regularly and we’ll do our best to help. If your customer hasn’t paid within 45 days of the invoice due date, we will contact you to arrange for you to repay, if we haven’t already done so. There is a 1% charge for admin costs in cases like this.

What fees do I have to pay when I sell an invoice?

There are three main fees:

  • Processing fee – this amount is taken from the advance we pay you, immediately after the invoice is sold, and is based on your revenue. We then forward the rest of the advance amount to your business bank account.
  • Listing fee – this is a £15 fee to cover the CHAPS payments incurred when we send you the money
  • Investor fee – this fee works like interest on your outstanding balance. It will only accrue for the amount of days your invoice is outstanding. We’ll charge you this when the invoice payment is received from your customer, and then we’ll forward you the remainder.

Is there a charge if my invoices aren’t bought?

If your invoice isn’t bought, you won’t be charged.