Direct Payment is Finqle's core service: instead of waiting 30 to 60 days for your Debtor to pay, you receive the invoice amount within minutes, minus a small factoring fee. This article explains how it works, when it is available and what it costs.
TL;DR
- You sell your invoice to Finqle, a process called cessie (assignment of the receivable).
- Finqle pays you instantly via SEPA Instant or FPS.
- Your Debtor pays Finqle on the original due date.
- You pay a small factoring fee, a percentage of the invoice. The shorter the payment term, the lower the fee.
- The risk of non-payment sits with Finqle, not with you (non-recourse).
How it works
How the fee is calculated
The factoring fee is a percentage of the gross invoice amount. The exact percentage depends on:
- The Debtor's payment term (shorter is cheaper)
- Your specific Finqle agreement
- Whether you work via a platform, which may bundle fees
Formula
net_payout = invoice_amount * (1 - factoring_fee_pct) - VAT_on_fee
Worked example: 3% fee, EUR 1.000 invoice, 30-day term
| Item | Amount |
|---|---|
| Invoice amount | € 1.000,00 |
| Factoring fee (3%) | € 30,00 |
| VAT on fee (21%) | € 6,30 |
| Net payout to you | € 963,70 |
The VAT on the fee (€ 6,30) is reclaimable in your VAT return.
When Direct Payment is unavailable
Direct Payment can be paused per invoice when:
- The Debtor is not yet approved by Finqle (still in onboarding or KYC)
- The Debtor's credit limit is fully used (
credit_usedequalscredit_limit) - The contract excludes factoring for this Debtor
- The invoice fails verification (mismatched VAT, KVK or amount)
In those cases the invoice goes through the standard flow: Finqle still administers it, but payout follows once the Debtor pays.
Per-invoice opt-in versus default-on
Your Finqle agreement determines the default:
- Default-on: every approved invoice or Billing Request is paid out instantly. You do not need to do anything.
- Per-invoice opt-in: you choose per invoice whether you want Direct Payment or want to wait for the Debtor's payment term. You pay a fee only on the invoices you opt in for.
Non-recourse explained
When Finqle pays you, the invoice is legally assigned (gecedeerd) to Finqle. From that point:
- The Debtor must pay Finqle, not you.
- If the Debtor cannot or will not pay, Finqle absorbs the loss.
- You keep the money you received, except in clawback scenarios.