Okay, but what does it cost?

Call us
1300 00 3PAY
1 300 00 3729

Once you send us your supplier invoice, your payment schedule is emailed to you for review and to accept before we pay your supplier

You are always in control

Our fixed fees allow you to easily manage your cash flow

You have the option of repaying monthly or weekly

All 3Pay
deals have a term of 3 months

Simple and Transparent Fees

Example: Invoice Value of $1,000

Example fee range, per month of the invoice value
12 x Weekly Repayments
3 x Monthly Repayments
1%
Invoice value   Rate   Weekly fee
$1,000 x 0.25% = $2.50
Invoice value   Rate   Monthly fee
$1,000 x 1.00% = $10.00
2%
Invoice value   Rate   Weekly fee
$1,000 x 0.50% = $5.00
Invoice value   Rate   Monthly fee
$1,000 x 2.00% = $20.00
3%
Invoice value   Rate   Weekly fee
$1,000 x 0.75% = $7.50
Invoice value   Rate   Monthly fee
$1,000 x 3.00% = $30.00

 

We operate on a tiered risk adjusted pricing model with our fees ranging from between 1% and 3% of the invoice value per month. 

That means, for example, if you start off on tier 1 with a credit limit of $5,000 at a rate of 3%, then after successfully repaying say 5 x  3Pay invoices your rate may drop to 2.9%, and after further successfully repaying additional 3Pay invoices, you rate may drop to say 2.5%, and so on… all the way down to 1%.   This is based on your risk profile and your rate is automatically adjusted based on an algorithm.

Each repayment is made of a principle portion (in the above example, it would be $1,000 / 12 weeks = $83.33 if weekly, or $1,000 / 3 months = $333.33  if monthly).  Added to that would be our fee as shown in the example above, plus GST. 

Our tier 1 credit limit is currently capped at $5,000, but watch this space as we’ll soon be introducing tier 2 which will increase credit limits to $20,000.  You can 3Pay as many invoices as you like, as long as you don’t exceed your credit limit.

Late fees will apply in the event of missed payments, equivalent to:

      –   for the Monthly option: 2% of the original invoice value for each missed payment

      –   for the Weekly option: 0.5% of the original invoice value for each missed payment

 No penalties for early repayment.  

No account keeping fees.

No origination fees.  

No hidden fees.  

No surprises.