Do you have questions about quickpaid?

quickpaid is a purchase financing solution. With quickpaid, you don’t need to worry about cash flow constraints due to purchasing of new goods or services.

Use quickpaid on your terms – whenever you need financing. We pay your supplier, and you pay us back in 60, 90 or 120 days. This allows you to bridge the liquidity bottlenecks between purchase of inventory and payment by your end customer.

With quickpaid, you can finance all supplier invoices (B2B) for goods and completed services that your company purchases as part of your business operations.

Please be aware that there must be at least 8 days left before the due date of the invoice when you upload the invoice. If the payment term of the invoice is “payable immediately”, the invoice can be uploaded up to 7 days after invoicing.

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 where the chosen repayment period from invoicing date exceeds 150 days. 
• Advance payment invoices, instalment payments, proforma invoices, commission, or brokerage invoices. 
• Invoices for the delivery of weapons, drugs, ammunition, animals, or other goods that require ownership documents This also applies to all goods that are subject to embargoes or other sanctions under the Foreign Trade and Payments Act. 

Please see further conditions and requirements in the General quickpaid Terms and Conditions (Link)  

You cannot finance pro-forma invoices with quickpaid.  

When establishing your quickpaid account, you’re required to enter your company key data and complete a straightforward KYC form for our assessment. This process is entirely free of charge and comes with no obligations. 

We determine your quickpaid limit based on several factors including credit assessment, financial evaluation, etc. on your business. 

With quickpaid you can free up capital bound in inventory purchases, maintaining your growth momentum without waiting for the sales revenue to acquire more goods.

Any cash discount associated with an early payment benefits you, lowering both your purchasing and financing costs.

There’s no simpler way to prevent cash flow shortages.

Once you have selected the extended payment terms, it is not possible to alter the payment terms later on. However, for every new invoice, you have the flexibility to individually choose the payment term that best fits your needs. 

Your supplier will be informed by us via e-mail that payment of his invoice is to be taken over immediately by quickpaid. 

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment? 

For the submitted invoice to be processed and paid to the supplier, the supplier needs to consent to the sale of their claim. A document will be sent to the supplier via email, requiring a signature from an authorized representative. This consent serves as a legal requirement for the invoice purchase to be completed by quickpaid. 

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment? 

The consent to immediate payment is called declaration of assignment, which is a contract allowing the supplier to transfer their claim to a third party. 

You are welcome to download an example of the declaration of assignment if you want to share it with your supplier in advance.   

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment? 

Your supplier can be located in any country across the globe. We don’t work with countries that are part of the sanction lists of Great Britain, Switzerland, EU, UN and OFAC. 

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment? 

At the moment we offer quickpaid products across Germany, Switzerland, Slovenia, Sweden, Norway, United Kingdom. We are continuously adding new countries across Europe, so please get in touch with us if you are within Europe but not part of above countries. 

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment? 

With quickpaid purchase financing, you can bridge large liquidity gaps, for example due to long payment terms. Quickpaid is also a flexible financing option for seasonal business (volatile cash flows). With quickpaid, we close the financing gap between incoming payments from our own customers and pre-financing payments to suppliers. 

You are always welcome to contact your suppliers yourself and notify them about the payment service provided by quickpaid – which supplier is not happy about quick payment?