How does invoice discounting work?
- Agreed limits are set for the amounts that can be prepaid to you
- An invoice is sent to the customer with copy for the Provider
- The Provider pays the agreed percentage (Say 80%) to you within 24 hours
- Payment will be received from the customer via your own Credit Control Function
- The Provider will then pay you the balance (say 20%), less charges
- Any of your money that the Provider receives is paid into a Bank Trust Account
