If a company or self-employed professional (ZZP'er) chooses to have an invoice paid out faster (a Direct Payment), a factoring fee is charged. This fee is a percentage of the total invoice amount. Typically the party requesting the faster payment pays this fee.
The formula
net_payout = invoice_amount * (1 - factoring_fee_pct) - VAT_on_fee
The shorter the Debtor's payment term, the lower the fee. Your specific percentage depends on your Finqle agreement.
Factoring fee, only if you choose Direct Payment
Example A: Finqle directly, EUR 1.000 invoice, 30-day term, 3% fee
| Description | Amount |
|---|---|
| Invoice amount | € 1.000,00 |
| Factoring fee (3%) | € 30,00 |
| VAT on factoring fee (21%) | € 6,30 |
| Net amount received | € 963,70 |
The VAT amount (€ 6,30) can be reclaimed in your VAT return.
Example B: via a platform or intermediary, EUR 1.000 invoice, 14-day term, 1,5% factoring plus 2% platform fee
| Description | Amount |
|---|---|
| Invoice amount | € 1.000,00 |
| Factoring fee (1,5%) | € 15,00 |
| VAT on factoring fee (21%) | € 3,15 |
| Platform fee (2%) | € 20,00 |
| VAT on platform fee (21%) | € 4,20 |
| Net amount received | € 957,65 |
Both VAT amounts (€ 3,15 plus € 4,20 is € 7,35) can be reclaimed.
Fee versus payment term (illustrative)
Shorter payment terms cost less. Indicative percentages, your contract may differ:
| Payment term | Indicative fee |
|---|---|
| 3 days | ± 0,5% |
| 7 days | ± 1,0% |
| 14 days | ± 1,5% |
| 30 days | ± 3,0% |
| 60 days | ± 5,0% |
Use the Factorscan tool for a live quote.