What are early payments?
Revolut BillPay's early payments allow you to give your suppliers the option to receive an early payment on their invoices in return for a discount.
How do early payments work?
- Start by customizing your early payment preferences, such as your desired discount rate and qualifying bill criteria
- When bills are imported from your accounting software, our system identifies qualifying bills and sends invitations to your suppliers to request early payment
- The supplier then selects the invoices they want to request an early payment for. They don't need a Revolut Business account, and there are no credit checks involved
- Payments are triggered automatically, and once paid, you can upload the transaction to your accounting software
- If you have a transfer approval process in place, you have 24 hours to authorize the payment