FAQ
Answers to your
questions about quickpaid
What is quickpaid?
quickpaid is an innovative financing solution especially for B2B customers. Companies can use it to purchase goods and services flexibly and pay their invoices later, while quickpaid transfers the invoice amount to the supplier immediately. Possible uses of quickpaid:
- Purchase financing:
Companies can use quickpaid to extend payment terms and bridge the time between the purchase of goods and customer payment – simply, digitally and without collateral. - Sales financing:
Companies can also use quickpaid to boost sales: offer your customers direct financing when they make a purchase. This increases the completion rate, increases shopping baskets and reduces your payment risk at the same time. We pay the supplier invoice immediately. The buyer pays us back flexibly within 60, 90 or 120 days – depending on the selected payment term.
quickpaid stands for modern, secure and uncomplicated payment management in the B2B sector and helps to bridge liquidity bottlenecks in a targeted manner.
For buyers - quickpaid as purchase financing
General questions
You register your company and provide the necessary information about yourself and your company. For financing limits up to EUR 20,000, you do not need any collateral or complex application processes or business figures. Only for limits over EUR 20,000 do we ask for additional financial documents.
Based on the information you provide, you will receive a customised quickpaid limit that defines your financing framework.
You then upload the desired supplier invoice to the quickpaid portal and choose how long you would like to extend the payment term – 60, 90 or 120 days are possible. quickpaid pays the invoice amount to your supplier immediately, while you make the repayment to us flexibly within the selected period.
After the upload, we contact your supplier and offer them immediate payment of your invoice(s).If your supplier grants you an early payment discount (cash discount) and the supplier invoice has been uploaded to the quickpaid portal in good time, 100 per cent of the cash discount advantage is passed on to you and reduces both your purchasing and financing costs – a decisive advantage of quickpaid!
Please proceed in the same way with further purchase invoices until the limit of your financing framework is reached. If your limit is exhausted, it will be available again after repayment of financed invoices.
Optimise goods purchases: Respond flexibly to special offers, take advantage of cash discount opportunities or secure attractive conditions for larger order quantities.
Bridge seasonal peaks: Whether it’s Christmas business or the holiday season – with quickpaid you can replenish your stock in good time and pay conveniently only after your turnover, with payment terms of up to 120 days.
Secure large orders: Finance the raw materials or materials you need immediately, fulfil orders – and only pay when your customers pay. This way you avoid liquidity bottlenecks.
Enable growth: Take advantage of new business opportunities without burdening your existing credit line. quickpaid supplements your financing flexibly and exactly when you need it.
Your advantages with quickpaid:
- Fast, digital processing
- Extended payment terms of 60, 90 or 120 days
- Use cash discounts and reduce financing costs
- No fixed costs – you only pay when you actively use quickpaid
In order for an invoice to be eligible for financing, the following requirements must be met:
- The invoice is issued in EUR, CHF, USD, GBP or SEK (only one currency possible per account).
- The goods or services have been delivered or rendered in full.
- There are at least 7 days between the invoice date and the due date.
- The invoice amount does not exceed your available financing limit.
- The supplier is based in the EU, Switzerland, UK, Norway, USA, Canada or selected Asia-Pacific countries.
- The invoice complies with the statutory invoicing and accounting requirements.
- The invoice is not already secured by factoring or other financing.
- The invoice is a business-to-business (B2B) invoice.
The following invoices cannot be financed with quickpaid:
- Invoices to affiliated companies
- Invoices that are already overdue or have been assigned to a third party (factoring)
- Invoices for which the selected repayment period exceeds 150 days from the invoice date
- Pre-payment invoices, instalment payments, pro forma invoices, commission or agency invoices
- Invoices for the delivery of weapons, drugs, ammunition, animals or other goods for which proof of ownership is required – this also applies to all goods subject to an embargo or other sanctions under the Foreign Trade and Payments Act
For further conditions and requirements, please refer to the General Terms and Conditions.
You can use quickpaid if your company is based in Germany, Switzerland, Slovenia, Sweden, Norway or the United Kingdom. If your company is based in another European country, please contact us – we are continuously expanding our country network.
What applies to suppliers?
Your supplier can be based anywhere in the world – as long as the country is not on an EU, UN, Swiss, OFAC or UK sanctions list.
Onboarding
quickpaid can be used by small and medium-sized companies, sole traders and freelancers.
Setting up an account only takes a few minutes and can be done at any time here. If you need help, please contact us at mail@quickpaid.com.
quickpaid is ideal for companies that want an uncomplicated financing framework – without any collateral, time-consuming application processes or the submission of business figures. This applies to a desired financing limit of up to EUR 20,000.
To set up a quickpaid account, we need information about your company and the authorised representatives of the company. From a desired financing limit over EUR 20,000, we also require additional financial documents and carry out an account check. We work together with the certified service provider Tink, which also takes care of the necessary information security. All data is treated confidentially and is subject to the applicable data protection regulations, which you can view here. All data exchange is SSL-encrypted.
quickpaid is ideal for companies that want an uncomplicated financing framework – without collateral, time-consuming application processes or the submission of business figures – for financing limits up to EUR 20,000.
What is needed to set up an account?
To set up a quickpaid account, we need information about your company and the authorised representatives. For a desired financing limit over EUR 20,000, additional financial documents are required. We also carry out a digital account check – in cooperation with our certified partner Tink, which guarantees the highest standards in terms of information security.
It goes without saying that all data is treated confidentially and processed in accordance with the applicable data protection regulations. All data exchange is SSL-encrypted.
You can find out more in our privacy policy.
When you register with quickpaid, we carry out a credit check on your company. On this basis, you will receive a personalised quickpaid limit quickly and without obligation – completely free of charge and without commitment.
As a rule, you can start within 24 hours of uploading your documents and finance your first incoming invoices.
Do you have any questions?
Our team will be happy to help you – write to us or call us on 0611 97710119.
Supplierscontact
Your supplier will be informed by us by e-mail in the form of a payment advice that an immediate payment of his invoice will be made by quickpaid.
You are also welcome to contact your suppliers yourself and inform them about the quickpaid payment service – what supplier isn’t happy about a quick payment?
In order to pay the submitted invoice to the supplier, the supplier’s consent is legally required. However, this agreement (agreement for immediate payment of open invoices) is only required once and is also valid for all further invoices submitted. The agreement for immediate payment of outstanding invoices will be sent to the supplier by e-mail and must be signed by an authorised representative.
The agreement for immediate payment is referred to as an agreement for immediate payment of outstanding invoices, i.e. a contract that allows the supplier to assign its claim to a third party.
You are welcome to download an example of a prompt payment agreement if you would like to share it with your supplier in advance.
Payment & pricing
quickpaid pays your supplier invoice within 48 hours after the supplier has signed the declaration of assignment at the beginning.
You can choose to extend your payment term by a further 60, 90 or 120 days, up to a maximum total term of 150 days from the invoice date.
If you choose 120 days, you pay us back in 3 instalments – 30% after 60 days, 30% after 90 days and the remaining 40% after 120 days.
Ideally, you should only pay for your goods once you have your customers’ money in your account. In this way, the liquidity gap between payment by the end customer and payment for the goods or services can be optimally closed.
For each new invoice, however, you can flexibly select the payment term that best suits your liquidity requirements.
What happens in the event of early repayment?
If you pay an invoice before the selected payment term expires, the corresponding part of your credit line will be released proportionately earlier.
Creating a quickpaid account and applying for a quickpaid limit are free of charge. Costs are only incurred when the limit for invoice financing is utilised. The financing fee depends on the choice of the desired payment term and is displayed transparently with every invoice upload in the quickpaid portal.
A minimum fee of €25.00 is charged for invoices with an invoice amount of less than €800.00 to cover the basic costs of processing and managing the transaction.
If a discount is granted on the invoice to be financed, this works to your advantage as both your purchasing and financing costs are reduced. In some cases, you may even receive a cash discount. Therefore, use quickpaid as a negotiating argument with your suppliers to increase your discount potential and strategically reduce your purchasing costs.
For sellers/suppliers - quickpaid as sales financing
General questions
quickpaid is a Buy Now, Pay Later (BNPL)– solution for B2B invoices. As a sales financing instrument, quickpaid offers your business customers extended payment terms of up to 120 days, while you as a supplier are paid immediately.
This lowers the hurdle for larger investments, increases your closing rate and strengthens customer loyalty – ideal if you serve many SMEs or regularly receive new business enquiries.
With “Buy Now, Pay Later” (BNPL), you not only increase your sales, but also strengthen your competitiveness.
If you use quickpaid as sales financing, you benefit from the following advantages:</strong
- Your sales team can generate more sales with existing customers with quickpaid and give new customers longer payment terms
- The supplier portal can be used to carry out limit checks for new and existing customers directly
- Your finance team will enjoy immediate payments, no debt collection, reduced default risk and fewer outstanding receivables.
Every BNPL solution with quickpaid is customised based on your customer journey and your point of sale.
The easiest way to integrate quickpaid is via a QR code or link on the invoice. This allows your customers to flexibly extend the payment term to up to 120 days as soon as they receive the invoice – and you will be paid immediately. Other integration options are also conceivable, for example for checkout in e-commerce or for multichannel solutions.
Your customer can extend the payment term by 60, 90 or 120 days.
If 120 days is selected, repayment is made in 3 instalments:
- 30 % on day 60
- 30 % on day 90
- 40% on day 120
Payment is usually made within 24 hours and secures your cash flow without interruption.
All data is treated confidentially and is subject to the applicable data protection regulations, which you can view here. All data exchange is SSL-encrypted.
Onboarding
The first step is to get in touch with us. Click here to arrange a meeting. Together we will develop the ideal solution for your sales process.
Alternatively, you can also contact us at any time by email at sales@quickpaid.com or by phone at +49 611-97710199.
Financially viable invoices:
- Currencies: EUR, CHF, USD, GBP or SEK (one currency per account)
- Service provided in full
- At least 7 days between invoice date and due date
- The invoice amount is within your quickpaid limit
- Location of the supplier: EU, Switzerland, UK, Norway, USA, Canada or selected APAC countries
- Invoice fulfils all legal requirements
- No parallel financing (e.g. factoring)
- B2B invoices between companies
Not financeable are:
- Invoices to affiliated companies
- Overdue or assigned invoices
- Repayment periods over 150 days from the invoice date
- Proforma, advance, commission or instalment invoices
- Invoices for prohibited or sanction-relevant goods (e.g. weapons, drugs, animals)
As the supplier, you receive 100% of the invoice amount, less the agreed discount. We pass on the discount benefit directly to your customer.
You bear no default risk.
quickpaid assumes the full payment risk – you always receive your money, regardless of your customer’s payment behaviour.
Payment & pricing
None. The use of quickpaid as a payment option in your sales process is free of charge for you. The fees are borne by the buyer.
The costs vary depending on the currency. Check here for the current conditions.
