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Features | Fast Payout2024-11-18T13:48:56+01:00

FEATURES

Early payout

When you use Factofly, you have the option to get earlier access to your money in certain cases.

If we can credit approve the customer, you can get your money paid out immediately - without the customer losing their payment deadline.

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FEATURES

Early payout

When you use Factofly, you have the option to get earlier access to your money in certain cases.

If we can credit approve the customer, you can get your money paid out immediately - without the customer losing their payment deadline.

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How to get your money out early with Factofly

Request a credit rating of the customer

When you create your customer under your Factofly profile, you have the option to request a credit rating for the customer.

Positive rating = early payout

If we can make a positive credit assessment of the customer, you can automatically select early payment under the individual invoice.

Receive your money

After confirmation from the customer that the invoice has been received and the work has been completed without objections, your invoice will be sent for payment.

How to get your money out early with Factofly

Request a credit rating of the customer

When you create your customer under your Factofly profile, you have the option to request a credit rating for the customer.

Positive rating = early payout

If we can make a positive credit assessment of the customer, you can automatically select early payment under the individual invoice.

Receive your money

After confirmation from the customer that the invoice has been received and the work has been completed without objections, your invoice will be sent for payment.

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Decide when you want your invoice paid

Long payment deadlines from clients can bring even the most enterprising freelancer to their knees.

Unreasonable payment deadlines of up to 90 days shouldn't determine whether you should accept or decline a contract.

Once we can credit approve your customer, you choose when you want quick access to your money so you can get back to business.

invoice without a CVR and be professionally represented

Decide when you want your invoice paid

Long payment deadlines from clients can bring even the most enterprising freelancer to their knees.

Unreasonable payment deadlines of up to 90 days shouldn't determine whether you should accept or decline a contract.

Once we can credit approve your customer, you choose when you want quick access to your money so you can get back to business.

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Why make use of early payout?

  • No need to spend time chasing payment
  • You improve the liquidity of your business
  • We take the risk of late payment
  • Your customer's (long) payment terms are not a barrier to collaboration
early payout

Why make use of early payout?

  • No need to spend time chasing payment
  • You improve the liquidity of your business
  • We take the risk of late payment
  • Your customer's (long) payment terms are not a barrier to collaboration
early payout
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What does early payout cost?

Like everything else with us, there is full transparency.

If you want to pay out early, it costs an extra 1.95%.

How much does early payout cost?

Like everything else with us, there is full transparency.

If you want to pay out early, it costs an extra 1.95%.

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"Cash is king - and perhaps even more so these days when customers are pressuring you with longer payment deadlines.

It's a relief to be able to choose when I want my money paid out, and it happens shortly after my customer is invoiced.

Besides the fact that liquidity matters, there is peace of mind to work on new projects and not have to spend energy going back to chase some 'forgetful' customers."

Simone Kjær Kølbæk, Translator

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"Cash is king - and perhaps even more so these days when customers are pressuring you with longer payment deadlines.

It's a relief to be able to choose when I want my money paid out, and it happens shortly after my customer is invoiced.

Besides the fact that liquidity matters, there is peace of mind to work on new projects and not have to spend energy going back to chase some 'forgetful' customers."

Simone Kjær Kølbæk, Translator

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Frequently asked questions about early payout with Factofly

Early payout2022-12-13T11:35:15+01:00

Fast payout of your money, no matter how long the payment deadline your customer gives you.

This is how it works:

👉 If we can make a positive credit assessment of your customer, a magic box will appear when you create an invoice.
Here you can request to get your money out (almost) immediately.
It costs up to 1.95% of your invoice.

⚡️Når you have submitted the invoice, we will then obtain confirmation from your customer that the invoice is correct and that the work has been carried out according to the agreement you have made.
Once we have received the approval, we will then make the transfer to you.
If you have the same bank as us (Sydbank), the money is with you immediately. Otherwise, you can expect it the next banking day.

My customer demands a long payment deadline - can I get paid earlier?2022-08-25T16:55:21+02:00

Yes, you can do that. Contact us to hear about the possibilities of getting the money right away.

Can I deduct expenses?2022-08-25T16:59:42+02:00

Yes, you can deduct expenses that are directly related to the task you invoice.

You upload your vouchers directly under your account.

When will my salary be paid?2022-08-25T16:56:16+02:00

We aim to pay your salary as soon as we receive it in our account. We handle many invoices and payments every day, so it can take up to a maximum of two business days from when we receive the money until it's in your account. You can always check the status of your invoice on your Factofly profile.

How is my salary calculated?2022-09-30T14:34:52+02:00

As a self-employed employee at Factofly, you'll receive a salary and paycheck just like you know from a regular job. The big difference is that you have the opportunity to deduct expenses before you pay taxes. This means you can enjoy all the benefits of having your own company, but without all the administration.

What exactly you get paid depends on your deduction percentage, tax deductions and what expenses you can deduct.

You can find our salary calculator here and see what you will be paid.

Frequently asked questions about early payout with Factofly

Get answers to some of the questions about how it works when you invoice and get paid through Factofly.

If you didn't find what you were looking for, you can start a live chat with us in the right corner.