Introducing iwocaPay - a stress free and cash positive solution for small businesses!
We’re excited to announce that our community is growing and we have partnered with iwocaPay to help our customers keep cash positive!!
Cash has always been king, and now more than ever it’s key to keep your business cash positive. That’s why we’ve partnered with iwocaPay to help you get paid up front for the invoices you raise.
What is iwocaPay?
Simply, iwocaPay lets businesses get paid up front for their invoices, while letting their customers spread their costs over 90 days.
Your customers get 30 days interest free and can spread the cost over 90 days. Interest only starts accruing from day 31 and our interest rates vary from 2 to 6% per month. So for example, if your customer had a rate of 3.3% per month, they could spread the cost of a £3000 invoice over 90 days for £1.13 of interest per day.
iwocaPay doesn’t have any hidden fees or charges. And they’ll never charge you for repaying early.
Here's how it works
You send your customer a unique link, attached to an email or an invoice. Your customer applies for iwocaPay and, once they accept the iwocaPay offer, you get paid up front and your customer spreads their cost. Once that happens, iwocaPay takes on all the financial risk and late payments, so you’re off the hook financially!
How much does it cost?
iwocaPay costs you 3% of the value of each invoice paid via iwocaPay. Your customer gets the first 30 days interest-free. After that, their interest rate varies from 2% to 6% per month, depending on their application. So for example, if your customer had a rate of 3.3%, you could spread the cost of a £3000 invoice over 90 days for £1.13 of interest per day. There are no extra fees and your customers can repay any time for no extra cost.
It is pretty amazing and it keeps small businesses cash positive and stress-free by taking on all the risk of bad debt and late payments. Here's a short video on how it works.
If you're interested in the benefits that iwocaPay are offering then you just need to fill in this short form - (here) which takes about 5min to check your eligibility and then one of the iwocaPay team will be in touch.