OmniPay is a collaborative supply chain finance product that enables you to receive early payment of your approved invoices.

OmniPay means you can now be paid within 1 business day of your customer or buyer approving your invoice.

If you elect to use OmniPay you will receive 85% of the value of your approved invoice within 1 business day.

For example, if your invoice is for $100,000, you will receive $85,000 within 1 day. You then receive the remaining $15,000 when your customer pays OmniPay for the invoice (less a fee).

Most supply chain finance companies never disclose their fees; however we are proud to provide transparent and inclusive rates so suppliers and subcontractors understand what the real cost is.

• There is an initial fixed fee of 3.5% of the invoice value, which covers the first 30 days the invoice is outstanding.
• If the invoice remains unpaid after the first 30 days there is an additional 0.07% per day until your customer makes payment to us.

These fees are all inclusive. OmniPay does not charge any additional interest, penalties, arrangement fees or management fees, avoiding the typical hidden charges many other finance companies rely on in order to market a “cheaper” headline rate.

No. There is no change to when your customer or buyer needs to make payment; when OmniPay is used OmniPay provides the funding for the initial advance, and they then simply pay the invoice directly to OmniPay rather than you, on your originally contracted terms.

OmniPay relies on the collaboration between suppliers and customers. It is only offered with the support of the participating customer.

There are no joining, administration or management fees, and suppliers and subcontractors can choose which invoices you would like to be paid early for, even on an invoice-by-invoice basis.

OmniPay is completely optional; if you join there is no requirement to finance an invoice, you can simply keep the option there in case you want to use it in the future.

No. You can choose which invoices you want to be paid early for, on an invoice-by-invoice basis. You can finance all, some or none; it’s up to you.

No. As OmniPay relies on the financial strength of your customer, there is no personal or real estate security required. The only security we require is the approved invoices you choose to finance.

If in doubt, call a friend. While we strive to make OmniPay a great option for all, each business and situation is different, so you should consider whether the service is suitable to your needs, and where appropriate, seek professional advice from a financial adviser.