Once your account has been loaded onto our system, you have the ability to add late payment fees and interest to your overdue balance, to cover the cost of collection. Unlike most of our competitors, you retain these additional fees in full when your customer pays.
As an example, ‘Business to Business’ fees are set by statutory late payment legislation and linked to the overdue balance as below:
|Overdue Invoice Value||Amount of Compensation|
|Up to £999.99||£40|
|£1,000 to £9,999||£70|
|£10,000 or more||£100|
Our set fees are clear, transparent and fully inclusive of all servicing costs (excluding VAT). You are not tied into any other service under our terms and conditions. Our activity starts as soon as payment is made. All payments from your customer are sent directly to you - we do not hold your funds at any time. We do not charge any additional commissions or fees upon successful recovery. The price you see is all you pay.
Each package is priced individually and delivers a different level of activity depending on your needs. You can view our current prices here.
* On all eligible accounts that pay in full.