Both are invoice finance, but they suit different businesses. Earlypay suits Australian businesses that want an ongoing facility across their whole debtor ledger. Most Earlypay facilities are disclosed, customer payments generally go through a dedicated collection account, and fees generally apply even when you are not drawing funds. FundTap is fully confidential and needs no bank account changes. You choose what to fund: one invoice, one customer or several invoices. There are no setup, ongoing or minimum fees, and you only pay when you use it.
Last reviewed 28 September 2026
Earlypay is an ASX-listed Australian provider of invoice finance and equipment finance. FundTap is on-demand invoice finance for Australian and New Zealand small businesses. Unlike most comparisons on this site, these are the same category of product. So the useful comparison is how each one works day to day: what your customer sees, what you have to change, what you fund, and what you pay in a month when you fund nothing.
At a glance
| Feature | FundTap | Earlypay |
|---|---|---|
| Does your customer find out? | No. FundTap is fully confidential. Your customers keep paying you, as normal | Usually. Earlypay offers confidential and disclosed invoice finance, but most Earlypay facilities are disclosed |
| Bank account changes | None. Your customers keep paying into your existing account | Customer payments are generally redirected through a dedicated collection account |
| What you fund | Your choice: one invoice, one customer's invoices, or several invoices, when you need it | Generally your broader debtor ledger, through an ongoing facility |
| Overseas customers and progress payments | FundTap can consider both | Generally not funded |
| How you apply | Connect Xero, MYOB, QuickBooks or Reckon and pick an eligible invoice. Three months of trading activity and more than $5,000 a month in revenue, subject to standard credit assessment of you and your customer | Supporting financial information is generally required. They state that start-ups, a short trading history and businesses carrying ATO debt can all be eligible |
| Approval and speed | FundTap reads your accounting software directly, so there is no financial pack to prepare. Approval usually within a day. Once approved, funded within 2 hours | Approval can take several days or weeks while your financial information is assessed. Once approved, they aim to advance funds within 24 hours |
| Cost structure | From 4% per invoice. The exact fee is shown in dollars before you accept. No setup fees, no ongoing fees, no minimum fees, no exit fees. You only pay when you use it | Published interest of 7.99% to 13.95% per annum on the balance drawn, plus fees that are not published. Management, administration or minimum fees generally apply even when you are not using the facility, and fees may apply across the entire debtor ledger |
| Facility size | No minimum. Invoices from $300, with limits up to $300,000 to start, growing as your business grows | Published invoice finance facilities from $50,000, up to $10M |
| Advance | Up to 90% of the invoice | Up to 80%, and their site says sometimes 90% |
| Repayment | Direct debit on the invoice due date | Settled as the funded invoices are paid |
| Markets | Australia and New Zealand | Australia |
| Ongoing commitment | None. No lock-in contract, no monthly subscription, no minimum draw volume | Facility-based, generally with ongoing fees. Confirm term and any minimums with Earlypay |
Earlypay rates, facility sizes and eligibility statements are taken from their own published pages, including the Earlypay Base Rate page, read on 18 September 2026. Points on disclosure, collection accounts, ledger funding, approval times and fees describe how Earlypay facilities are generally structured, as FundTap understands them. Individual facilities vary, so confirm current terms with Earlypay directly.
Your customers, your bank account and your ledger
Most Earlypay facilities are disclosed, route customer payments through a dedicated collection account, and cover your broader debtor ledger. FundTap changes none of those: it is confidential, needs no bank account changes, and funds only the invoices you choose. A lot of business owners do not find out about these three differences until they are partway through an application.
Whether your customers are told
- Confidential, or undisclosed. Your customer is not told. They keep paying you into your account, exactly as before, and your funding arrangement is your business.
- Disclosed. Your customer is told that a financier is involved, and in most arrangements they are directed to pay the financier instead of you.
Neither is wrong. But it is a decision about your customer relationships, not just your funding, and it is much harder to unwind than it is to choose at the start. Most Earlypay facilities are disclosed. FundTap is fully confidential, always.
Where your customers pay
Earlypay generally requires customer payments to be redirected through a dedicated collection account. In practice that means updating your payment details with your customers and on your invoices. FundTap requires no bank account changes. Your customers keep paying the account they pay today, and FundTap is repaid by direct debit on the invoice due date.
How much of your ledger you commit
Earlypay generally funds your broader debtor ledger, and fees may apply across all of it. FundTap lets you choose: one invoice, one customer, or several invoices, only when you need the cash. That includes invoices to overseas customers and progress payment invoices, which FundTap can consider and Earlypay generally does not fund.
If you want to fund your entire debtor ledger continuously, a whole-of-ledger facility like Earlypay's may work out cheaper. Scottish Pacific works the same way; see FundTap vs Scottish Pacific. If you only need to fund some invoices some of the time, a whole-of-ledger facility means paying for funding you are not using.
Why the two prices cannot be compared as they stand
Earlypay quotes an annual interest rate plus fees it does not publish. FundTap quotes one complete fee per invoice, in dollars, before you accept. They are different units, so the headline numbers cannot be compared directly.
This is the single most common mistake made when comparing invoice finance providers, and it is easy to make. Put the two headline numbers next to each other and one looks like half the price of the other. They are not the same unit, and neither number is the whole cost.
A per-annum interest rate describes the cost of money over a year, charged on what you have drawn. Earlypay's published 7.99% to 13.95% is a rate of that kind. It is the interest component. Earlypay generally also charges management, administration or minimum fees, and does not publish them, so the published rate is not the total cost of the facility.
A per-invoice fee describes the cost of funding one invoice for the days it is outstanding. FundTap's from 4% is that kind of number, and it is complete: it is what appears on the screen in dollars before you accept, with no setup, ongoing, minimum or exit fees behind it.
Comparing 7.99% with 4% is comparing a year with about a month, and an interest component with a total fee. It tells you nothing.
The comparison that does work
Take one real invoice you would actually fund. Then ask each provider the same question:
If I fund this $40,000 invoice and my customer pays it in 45 days, how many dollars will that cost me in total, including every fee?
Insist on a dollar figure, not a rate, and make sure it includes everything. Then ask a second question: what does it cost me in a month when I fund nothing? A facility with management, administration or minimum fees costs money in quiet months. With FundTap, a month where you fund nothing costs nothing. If your invoicing is lumpy or seasonal, that second answer often matters more than the first.
When FundTap is likely the better fit
- You want your funding kept confidential, with your customers paying you as normal.
- You do not want to change bank accounts or redirect customer payments.
- You want to choose what you fund: one invoice, one customer or several invoices, rather than committing your whole debtor ledger.
- You invoice overseas customers or bill in progress payments.
- You want a fast decision from your accounting software, not a financial pack and a wait of days or weeks.
- You only want to pay when you use it: no setup costs, ongoing fees, minimum fees or lock-in contract.
- You are in New Zealand, or you trade on both sides of the Tasman. Earlypay is Australia only.
When Earlypay is likely the better fit
- You need a facility well above $300,000 from day one. Earlypay's published range reaches $10M.
- You want to fund your entire debtor ledger continuously. At that level of use, Earlypay may be cheaper.
- You are comfortable with a disclosed facility and a dedicated collection account.
- You also want equipment finance from the same provider.
Getting started with FundTap takes four steps
- Connect your accounting software (Xero, MYOB, QuickBooks or Reckon). Takes about 10 minutes.
- Pick an unpaid invoice you would like to fund.
- See the exact fee for that invoice before you commit to anything.
- Receive funds, typically within 2 hours of approval.
More detail on each step is on how FundTap works.
Common questions
What is the difference between FundTap and Earlypay?
Both are invoice finance, so the difference is how they work rather than what they are. Earlypay generally funds your broader debtor ledger through an ongoing facility, most of its facilities are disclosed, customer payments generally go through a dedicated collection account, and fees generally apply even when you are not drawing funds. FundTap is fully confidential, needs no bank account changes, and lets you fund one invoice, one customer or several invoices, with no setup, ongoing or minimum fees. Earlypay can offer larger facilities, up to $10M, and equipment finance, which FundTap does not.
Will my customers know I am using invoice finance?
Not with FundTap. It is fully confidential, and your customers keep paying you as normal. Most Earlypay facilities are disclosed, so if you are comparing quotes it is worth confirming in writing which kind you have been quoted for.
Do I need to change my bank account?
Not with FundTap. Your customers keep paying the account they pay today. Earlypay generally requires customer payments to be redirected through a dedicated collection account.
Can I fund just one invoice or one customer?
Yes, with FundTap. You can fund one invoice, one customer's invoices or several invoices, and you only pay for what you fund. Earlypay generally funds your broader debtor ledger.
Can I fund invoices to overseas customers, or progress payment invoices?
FundTap can consider both, subject to the usual assessment of you and your customer. Earlypay generally does not fund overseas debtors or progress payment invoices.
How long does Earlypay take to approve?
Earlypay generally requires supporting financial information, and approval can take several days or weeks. Once approved, they aim to advance funds within 24 hours. FundTap connects directly to your accounting software, so there is no financial pack to prepare.
Is Earlypay available in New Zealand?
No. Earlypay operates in Australia only. FundTap operates in both New Zealand and Australia, which matters if you invoice customers on both sides of the Tasman.
Does Earlypay have a minimum?
Their published invoice finance facilities start at $50,000 and go up to $10M. FundTap has no minimum and no minimum monthly volume. The smallest invoice FundTap will fund is $300.
Is there a maximum with FundTap?
FundTap limits start at up to $300,000 and grow as your business grows, with no stated cap. There is no minimum: the smallest invoice FundTap will fund is $300. Earlypay's published facilities run from $50,000 to $10M.
Is 7.99% cheaper than 4%?
Those numbers are not comparable, and reading them side by side will mislead you. Earlypay's published 7.99% to 13.95% is an annual interest rate on the balance you have drawn, and it sits alongside management, administration or minimum fees they do not publish. FundTap's from 4% is the complete fee for funding one invoice for the period it is outstanding, shown in dollars before you accept. To compare fairly, ask both providers what one specific invoice, funded for a specific number of days, will cost in total including every fee.
Is FundTap cheaper than Earlypay?
It depends on how you fund. If you want to fund your entire debtor ledger continuously, a whole-of-ledger facility like Earlypay's may work out cheaper. If you fund some invoices some of the time, FundTap has no setup, ongoing or minimum fees, so a month where you fund nothing costs nothing. The fair test is to ask both providers for the total cost of one specific invoice, in dollars, including every fee.
Earlypay rates and facility sizes are taken from Earlypay's own published pages, read on 18 September 2026. Other points describe how Earlypay facilities are generally structured, as FundTap understands them, and individual facilities vary. This page is for general information only and is not financial advice. Outcomes depend on circumstances, invoice profile, and approval. Confirm current terms directly with each provider.
