How fees are charged
TL;DR: Repayment is automatic on the due date of the invoice, but can be bought forward or extended by a week at your discretion. No fixed instalment schedule, no early-repayment fees. Your customer relationship is unchanged.
FundTap is transparent about costs before you commit. You see the exact fee before accepting any payment.
- Select any invoice/s and see the exact cost of capital before you choose to proceed
- We pay you up to 90% of the invoice value, within hours
- Your customer pays you as normal, on their usual terms
- On the invoice due date, FundTap collects the advance plus the fee via direct debit
You never get a surprise bill. The fee is transparent before you accept the payment from FundTap.
No fixed repayment schedule
Unlike a business loan, there are no fixed monthly repayments. Repayment happens naturally when your customer pays — which aligns with your actual cashflow, not an arbitrary calendar date.
Common questions
What if my customer pays early?
If your customer pays before the expected date, you can use the customer portal to bring your Fundtap repay date forward, meaning the fee may be slightly lower if the invoice is outstanding for less time.
What if my customer pays late?
If payment is delayed, you can use the customer portal to extend the repay date by up to a week. If your customer will be later, get in touch and we can work with you to organise a later payment. The fee may adjust to reflect the additional time outstanding. FundTap only funds invoices from creditworthy clients to keep this risk low.
Do I need to do anything to trigger repayment?
No. The entire repayment process is automatic. You'll receive a notification when funds are released to you, and again before repayment is taken by direct debit.
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