Invoice discounting made simple

Use your unpaid accounts receivable to get the finance you need to grow.
Get Started Now
Our customers sayExcellent
  • Lines of credit of:

    $50k - $15+ million

  • Rates from:

    4.95% p.a. to 11.95% p.a

  • Approvals as fast as:

    24 hours

Invoice discounting for growth

Access the cash flow you need to grow using invoice discounting. Simple and flexible, you can connect your online accounting platform to Earlypay, or upload your accounts receivable for financing. The choice is yours and we'll work with you to find the best solution for your business.

Flexible financing
Flexible financing

Bring forward the cash flow from your unpaid invoices to boost working capital.

Simple to apply
Simple to apply

Link your online accounting software for speedy applications. Don't use one of these? No problem, we can still help.

Retain control
Retain control

Continue to manage invoice collections and control your customer relationships.

No real estate
No real estate

Use your outstanding invoices as security, not your family home.

Cash flow to grow
Cash flow to grow

Available finance increases with your sales so you can access the cash flow you need to grow.

Simple and intuitive
Simple and intuitive

Our modern online platform makes it simple to access funds with less admin.

Is Invoice Discounting right for my business?

  • You provide goods and services to other businesses
  • You sell on trade credit terms of less than 90 days
  • You invoice after goods or services have been delivered
  • Your business is established with a history of profitability
  • You have your own in-house accounts receivable team

  • ionicons-v5-eYou provide goods and services to other businesses
  • ionicons-v5-eYou sell on trade credit terms of less than 90 days
  • ionicons-v5-eYou invoice after goods or services have been delivered
  • ionicons-v5-eYour business is established with a history of profitability
  • ionicons-v5-eYou have your own in-house accounts receivable team

Applying for invoice discounting

To apply for invoice discounting, simply click the Sign-up button and complete some basic details. An Earlypay representative will then contact you to understand how you invoice your customers. For businesses using Xero or MYOB AccountRight, you can streamline your application by connecting your accounting software to Earlypay.

Get Started Now

Trustpilot Reviews

Frequently Asked Questions

  • Questions about applying for finance

    How do I apply for Invoice Discounting?

    Applying for Invoice Discounting with Earlypay is a quick and easy online process. Simply click the sign-up button above, complete some basic details to get started and an Earlypay representative will contact you ASAP.

    If you use Xero or MYOB AccountRight, you can streamline the process by connecting your accounting software to Earlypay. This securely provides financial information that may include invoices, credit notes, bank transactions, payments, profit & loss statement and balance sheet.

    How long will it take for my finance to be approved?

    If you use one of the compatible online accounting platforms, we aim to let you know within 24 hours if your finance has been approved or not. If you don't use Xero or MYOB AccountRight it can take a little longer depending on how long it takes to get the information together.

    How long will it take to receive funding?

    We aim to advance funding within 24 hours of approving your finance.

    How much finance can I get?

    Earlypay provides Invoice Discounting facilities from $50k all the way up to $15m so we have the capacity to support businesses of all shapes and sizes. More relevant is the size of your accounts receivable ledger as we can advance 80% of the value of those outstanding invoices. For example, if you have $500k of Eligible Invoices, we can advance up to $400k normally and can make temporary exceptions to advance more than that.

    What invoices can I fund?

    Invoices eligible for funding are invoices outstanding with Australian businesses for goods that have been delivered or services that have been completed. Typically, Earlypay doesn’t fund invoices that are more than 90 days past the issue date.

    How much does Invoice Discounting cost?

    The interest rate charged on Invoice Discounting balances ranges between 4.95% and 11.95% per annum. Depending on how you would like your facility to work and any additional services (eg. collections management), there may also be Drawdown or Administration fees.

    Why would I use Invoice Discounting instead of an Unsecured Business Loan?

    Invoice Discounting is generally more flexible than Unsecured Business Loans because you can access funding as and when you need the cash flow. Unsecured Business Loans provide a lump sum amount that is repaid with regular repayments over a fixed term whereas the repayment of Invoice Discounting occurs when customers pay the invoices that were financed.

    Invoice discounting is often more cost effective than unsecured business loans as it uses the accounts receivable ledger of your business as security, making it less risky for the invoice financier.

  • Questions about how Invoice Discounting works

    How Invoice Discounting Works with Earlypay

    1. Invoice your clients as you normally would.
    2. Provide Earlypay with the details of the invoices you would like to fund. (If you use Xero or MYOB AccountRight Live, Earlypay can source your invoice details through our clever integration. If you don't use these online accounting platforms, you can upload the invoice details to our platform.)
    3. Receive up to 80% of the value of your funded invoices upfront.
    4. Your customers pay invoices into a collections account set up in your name which repays the outstanding finance and the excess becomes available to you.

    Will my customers know that I'm using Invoice Discounting?

    Earlypay offers both Confidential (Undisclosed) Invoice Discounting and Disclosed Invoice Discounting services. Typically, established and profitable businesses are eligible for confidential invoice discounting, and disclosed are better suited to businesses that are less established. Earlypay will work with you to tailor the best solution for your business.

    How do I access my Invoice Discounting facility?

    You will be given access to an online portal where you can view your invoices and funding availability, request drawdowns and download reports.

    What security do I need to provide for Invoice Discounting?

    One of the main benefits of Invoice Discounting is that it doesn't require real estate security. Funding is advanced against the value of the unpaid invoices and the primary security is the invoices themselves.

  • Other questions about Invoice Discounting

    What is Confidential Invoice Discounting (Undisclosed Invoice Discounting)?

    Confidential Invoice Discounting or Undisclosed Invoice Discounting is when your customers are not aware that your business is using an invoice discounting facility. Confidential invoice discounting finance is generally only available to established businesses that have a history of profitability.

    What is Disclosed Invoice Discounting?

    Disclosed Invoice Discounting is the arrangement where your customers are aware that your invoices are being financed. Disclosed arrangements can involve Earlypay managing the collection of your invoices and we may contact your customers on your behalf to ensure they pay your invoices.

    Disclosed invoice financing is increasingly common in Australia and although some business owners worry about their customers knowing that they use invoice financing, it is very rarely an issue. If you do prefer that the invoice discounting arrangement remains confidential, please let your Earlypay representative know.

    What is the difference between Invoice Factoring and Invoice Discounting?

    Invoice Factoring and Invoice Discounting are the two types of Invoice Financing.

    Invoice Factoring involves a business selling its invoices to the invoice factoring company in exchange for upfront payment for around 80%. When the invoice is paid, the finance with the factoring business is repaid and the balance, less any fees, becomes available to the business that sold/financed the invoice. Invoice factoring is generally disclosed to your customers and the financier can manage collections. Earlypay can however, offer confidential facilities to selected businesses.

    Invoice Discounting is different to Invoice Factoring as the invoices are not sold to the invoice financing business but instead used as security for finance. A business can access funding of up to 80% of the value of its outstanding accounts receivable balance. Invoice Discounting finance is often confidential and the business retains control of invoice collections management making it better suited to larger and more established businesses.

With Earlypay, there's no delay.
Free up cash flow, at your convenience.

Have a chat with our team to see how we can help your business grow.

Get Started
Level 11, 201 Miller St.
North Sydney NSW 2060
Level 13, 390 St Kilda Road
Melbourne VIC 3004
Level 10, 410 Queen St.
Brisbane QLD 4000

© 2022 All rights reserved.