IMPORTANT UPDATE as of 27/03/2020: We are temporarily disabling our Pay by Instalments feature as our finance partners have paused this for the time being due to the current unprecedented (COVID-19) situation. 

[This feature will be available again in the future.]


Get paid in full with ezyCollect’s Pay by Instalment options, available to your customers when you activate our online payment portal, Simplypaid.

How does it work?

Include your customised Pay by Instalments button alongside your Pay Now button on your ezyCollect reminders.

Your customers simply click to enter their personalised online payment portal where they will see the option to Pay in Instalments.

NB Your customers will always have the option to Pay Now with a credit card.

Fast, unsecured finance for good payers

Your customers can apply in-app to finance their debt with a third party finance provider who agrees to pay your business in full, and accept scheduled repayments from your customer.

Your customers will be presented with one of two finance options:

  • Pay back in 13 weekly instalments (Service Provided by our partner ProspaPay with current $5,000 limit)
  • Pay back in 3 monthly instalments (Service Provided by Invigo)

Pay in 13 weekly instalments - no upfront cost (3% invoice fee applies) 

{P.S. this currently has a limit of $5,000}

Your customer selects their total payment amount and the portal includes the fee (3% of the total invoice amount) in the repayment schedule over 13 weeks. There is no upfront cost to your customer with this finance option.

After a simple in-app application process, the funds are usually approved within 24 hours.

Pay in 3 instalments over 90 days - no upfront fee - 

{Service Provided by Invigo - currently on hold due to COVID-19}

Your customer selects their total payment amount and the portal calculates the repayment schedules and fees (1.75% per instalment fee applies) over 3 payment in 90 days. 

If your customer chooses the pay by instalment option, they enter a simple approval process. 

They then proceed to complete a short application form that requires their ABN:

The approval process is usually completed within 24 hours.

Once, your customer gets approved, your invoices will be paid in full and your customers manage a repayment plan tailored to their needs, external to their relationship with you. 


Who will you receive payment from?
The funds will be paid by the approving finance party transferred to your nominated bank account and will note the debtor name paying the invoices. 


Note:
Please note that this service is only available to Australian based businesses (not individuals).


Next Steps: Add "Pay by Instalment" button in your ezyCollect reminders, by simply following these steps outlined here. 

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