After delivering goods or services, upload your invoice to the Vendor Pay Express secure portal. Once the buyer reviews and approves the invoice, Vendor Pay Express releases funds to your bank account immediately, minus a transaction fee. This allows you to access cash flow faster without waiting for standard payment terms.
To participate, both you (the seller) and your buyer must meet Vendor Pay Express’s eligibility standards, which may include business verification and evaluating the Buyer’s financial strength and trade credit. Invoices are only eligible for early payment after goods or services are fully delivered; pre-billing invoices are not accepted.
A transaction fee, ranging from 2.8% to 8% of the invoice amount depending on the terms of the invoice and the fee is deducted when the invoice is paid. The exact fee depends on the payment terms and agreement. Check your Vendor Pay Express dashboard or contact support for specific fee details.
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Use the Vendor Pay Express online portal to upload invoices easily. The platform is designed to be user-friendly, guiding you through the process to ensure quick submission and processing for early payment.
No, Vendor Pay Express offers unsecured payment solutions. You don’t need to provide collateral or encumber your business assets or financing statements, making it a low-risk option for accessing early funds.
Yes, Vendor Pay Express involves your buyer by setting them up on the platform, where they must review and approve the invoice and direct payment to Vendor Pay Express. This arrangement functions like an unsecured loan to the buyer, with Vendor Pay Express paying you on their behalf. Unlike invoice factoring, no Notice of Assignment is required, helping maintain your professional relationship with your customers.
Yes, you have the flexibility to choose which invoices to accelerate. You only pay fees on the invoices you opt to expedite, giving you control over your cash flow strategy.
Vendor Pay Express collaborates with both buyers and sellers to support the payment terms you negotiate. The platform ensures you receive prompt payments, even if the buyer prefers longer terms, provided the buyer’s creditworthiness is sustainable. Vendor Pay Express bridges the gap, allowing you to get paid quickly while meeting your buyer’s needs.
Unlike traditional factoring, Vendor Pay Express provides unsecured, non-loan-based solutions. It avoids liens, customer notifications, and complex agreements, offering a simpler, more flexible way to accelerate payments.
Visit www.VendorPayExpress.com to request a quote or contact the sales team. An account representative will guide you through onboarding, explain the funding programs, and help set up your account for invoice uploads and payments.