Our fees are transparent, you'll always know how much you pay upfront.
Our selective invoice discounting service lets you access funds per invoice, as and when you need to.
We offer limits up to £3 million.
when your customer pays the invoice
This price is indicative only. For a firm quote, please apply now. Our fees are typically 1-3% of the invoice value.
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 MarketInvoice 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.
You can sell invoices in Pounds (GBP) US dollars (USD) and Euros (EUR).
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.
There are three main fees:
1) 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.
2) Listing fee – this is a £15 fee to cover the CHAPS payments incurred when we send you the money
3) 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.
If your invoice isn’t bought, you won’t be charged.
Our confidential invoice discounting service offers you a funding line that is secured against all your invoices. We offer limits up to £4 million.
MarketInvoice Pro pricing starts from:
3% fee p.a. on funds you draw down
a subscription fee starting from £600/month.
Contact us on 020 3784 4450 to get a quote.
You can submit your request at any time. There are 2 trading sessions per day at 12.00 and 17.00 so your request would need to be submitted by 11.30 and 16.30 respectively to receive your funds within one working day.
Funds should be advanced to you within one business day provided that there’s investor appetite.
Funds are provided by our group of investors, made up of high net-worth individuals, family offices and institutions including the Government-backed British Business Bank.
Yes. We set up a trust account for you when you sign up, at Barclay’s Bank. You need to get your customers to change the bank details that they have for you so they pay into your trust account.
All funds are applied to your outstanding balance. Our operations team still may ask for remittance notices or proof of relationship if it’s a new debtor, for anti money-laundering purposes.
Yes, we require that you integrate your accounting software. Connecting your accounting software allows us to automatically pull the relevant financial information. It typically takes between 5 and 20 minutes to set up, depending on what accounting platform you use.
We support the following accounting software packages: Xero, Sage 50 and 200, Quickbooks, Microsoft Dynamics, Opera 2 and 3, and Tasbooks 1/2/3.