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Debt Factoring

1300 694 686

Debt Factoring or Invoice Financing as its better known, allows businesses to access funds owed to them before it is received by their debtors. It’s a way for businesses to access up to 90% from their outstanding invoices upfront and receive the rest when the customer pays, as per your normal trade terms with them.

Flexible, Easy Business Funding

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It will only take a few seconds & will not affect your credit rating.
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Advantages of Debt Factoring

Debt factoring is a flexible alternative to traditional business loans as the amount of funds that can be accessed is based on the business’ sales (not the balance sheet or the debt and ATO position of the business). Debt factoring can hugely benefit cash flow since businesses can get instant access to a large percentage of the money owed to them immediately, instead of waiting for payments to arrive in 30 to 60+ days’ time.

Businesses that use debt factoring have better negotiating power with suppliers by using the money they receive upfront, to take advantage of early payment discounts and bulk-buying opportunities with their suppliers.

  • After setting up a funding account with OptiPay, you then email or upload any or all outstanding invoices to us for funding.
  • OptiPay will then transfer you with up to 90% of the face value of the invoice within 24 hours of approval.
  • When the invoices are paid in full by your debtors, your business receives the remaining balance less a discount fee to OptiPay.
  • Businesses that are eligible for debt factoring must have B2B sales, on credit terms and invoices for the sale of goods or services that have been received.

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OptiPay Debt Factoring Offers 
A Great Solution To:

  • For small and medium size businesses that need working capital to keep growing
  • Businesses with annual revenue of at least $1.0 million and who have at least 4 regular paying customers
  • For businesses that are coming out of a tough trading environment that need cash today to bridge the gap between invoicing customers and getting paid
  • Seasonal cash flow fluctuations

OptiPay Funding Process

5 simple steps to secure funding

Quick same-day setup

  • No application or set-up fees
  • No long lock-in contracts
  • No property security required

Select your invoices and upload

  • Choose only the invoices you want funded
  • No fees as you add more debtors

Due diligence

  • OptiPay checks the credit rating of your debtors and verifies each invoice
  • Open and honest appraisals

Access up to 90% of your cash up front

  • Get up to 90% of your invoices paid to you without any hold backs or fees
  • Get your money within just 24 hours of approval

Access balance of cash

  • The more you cash-flow with OptiPay, the lower the discount fee can become
  • The balance due on your invoices are paid to you when your client pays their invoice, less a pre-agreed discount rate
  • OptiPay is paid when you are paid and not before

Why Debt Factoring with OptiPay

  • No long-term contracts. Self-select and manage your cash flow needs.
  • No upfront application fees and no hidden fees.
  • No property security required.
  • Fast approval with funding in 24 hours of account establishment.
  • No long-term contracts. Self-select and manage your cash flow needs.

Here’s why Our Clients choose OptiPay

This is Paul, he is one of the directors of UVS, a labour-hire provider to the construction industry. Here’s what he has to say about how OptiPay was able to help his business grow and succeed. Contact an OptiPay expert today to see how we can help you.

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Related Links

  • Invoice Discounting
  • Invoice Factoring
  • Invoice Finance vs Factoring
  • Invoice Finance for Small Businesses
  • What is Invoice Discounting?
  • How to Use Invoice Finance to Fund Your Business ?
  • Benefits of Invoice Finance
  • Invoice Finance for Trade Contractors
  • Pros & Cons of Invoice Discounting
  • Invoice Finance for Transport Companies
  • Invoice Finance vs Business Loans
  • Invoice Discounting for Beginners
  • How to Choose an Invoice Finance Provider
  • Invoice Finance for Commercial Cleaning Companies
  • Funding Business Purchases Through Invoice Finance
  • Invoice Finance for Mining Service Companies
  • Many More SMEs Could Be Using Invoice Finance
  • Delayed Payments Impacting Your Cash Flow?
Get Tomorrow’s Cash Flow Today
OptiPay helps you find smarter ways to use your own cash and avoid the pitfalls of borrowing funds. We are always ready to help let the cash flow to help your business grow, and we do it in a fairer, faster, friendlier, more flexible, and far more affordable manner than a traditional business loan. Contact an OptiPay expert today to get started.
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To See How It Works

OptiPay offers several different funding solutions and services, one or more of which charges no interest and has no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change, or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected funding solution (product/service), including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12-month invoice funding contract with OptiPay. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.

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