Invoice finance agreements will be priced based on your business and requirements, however invoice discounting and invoice factoring have different fee structures.
Invoice discounting is structured like a loan, with interest payable plus an administration fee.
Invoice factoring charges are known as a ‘factor rate’, which is based on level of risk, volume of invoices, and the time credit is extended for, amongst other factors.
How do I take payments with the Tide Lite?
Select the Lite app on the home screen of your Tide Card Reader
When the ‘Take a payment’ screen loads, enter the amount and select ‘Charge’
Ask customers to tap their card to complete a payment
How do I issue receipts, and where can I see earlier ones?
When the payment is complete, select ‘Share’ and the Tide Lite app will generate a QR code. Let your customer scan the code with their phone, and the receipt will load in their browser.
To see a receipt for a previous payment, open the Tide app on your phone > tap ‘Card Reader’ > select the payment. From here, you can share the receipt by email, WhatsApp, or any other apps you use to send information.
