FAQ
Questions,
answered.
Everything you need to know about getting paid instantly with Bfinen.
What is invoice factoring?
Invoice factoring means you get the money for an invoice now, instead of waiting for your customer’s payment term. Bfinen makes the invoice value available in your account straight away.
How much of an invoice becomes available?
100% of the value of each accepted invoice is added to your available balance.
What does it cost?
0.1% per calendar day on the amount you have used and that is still outstanding. Unused balance costs nothing, and fees never compound.
How do my invoices reach Bfinen?
You register the email domain your invoices come from, and put Bfinen in CC when sending. In the current prototype, invoices are registered manually by an administrator.
What can I do with my balance?
Withdraw to your own business account, or pay suppliers directly with a transfer from your Bfinen account.
What happens when my customer pays?
The payment settles the open amount on that invoice. The daily fee stops on the settled part.
How am I billed?
You receive one fee invoice per week, covering the previous full week.
Are payments real?
Not yet. This is a prototype: all money movements are simulated and no live bank connection is active.
LESS WAITING. MORE DOING.
Payment terms?
Instant.
Open your accountPrototype only. No live bank connection or real payments.