Turns your work into cash in 24 hours
- Instantly invoiced
- Paid in a day
- No admin
- No waiting
- Instantly invoiced
- Paid in a day
- No admin
- No waiting
The invoice and receivables solution for tradies working with commercial property managers
Less paperwork. More paid work.
We automate your invoicing and front the cash, so you can focus on the work that actually pays.
Job’s done, invoice goes out, money’s in the account the next day. uPaid does the lot. All we have to do is match it to the bank statement once a month.
Simple as that.
How You Get Paid - Fast
See uPaid in Action
How does uPaid compare?
Here’s how uPaid stacks up against traditional invoice factoring and normal trade terms.
 |
Invoice Factoring | Normal Trade Terms | |
|---|---|---|---|
|
Customer Invoicing |
E-invoice on completion of work |
Emailed PDF between 1-14 days |
Emailed PDF between 1-14 days |
|
Payment Timing |
1 day after invoicing |
10-14 days after invoicing |
7-30 days after invoicing |
|
Days from work to full payment |
1 Day |
6-21 Days
|
8-40+ Days |
|
Payment Amount |
100% less fees |
70-80%; balance paid on customer payment less fees |
100% |
|
Costs |
Low transaction based fee – 3.5% per invoice |
15-20% financing interest expense on drawn facility |
Discount for early payment |
|
Security |
No security; Funding limits based on history with uPaid |
Facility secured on balance of unpaid invoices |
No security |
Frequently Asked Questions
Who is uPaid best suited to?
Anyone who provides services to large commercial real estate managers – shopping centres, office buildings, industrial sheds and has to wait more than 21 days for payment.
How does it work?
uPaid becomes your invoicing agent. As soon as the shopping centre or commercial building manager confirms that the work is completed, we issue your invoice on your behalf at the same time paying you 100% of your invoice less our fee.
Do I need anything special to join up with uPaid?
You need to have an Australian Business Number and a bank account. If you are providing goods or services to commercial real estate you will most likely have all that you need already in place.
Do I need to do anything else after I have been paid?
That is the beauty of uPaid, once the work is completed you have peace of mind that your tax invoices have been issued, you have been paid and your accountant or your e-invoice enabled accounting system will take care of all your tax and reporting needs.
What fees do uPaid charge?
uPaid charges 3.5% flat fee for its e-invoicing and 24 hr payment services. If you don’t need 24 hr payment services, we charge 0.5% for our e-invoicing services.
Are there any restrictions on how much I can get paid?
We set limits for new customers which increase as you build your track record with us. Limits take into account your history, the property managers payment history and what we are still waiting on the property manager to pay us for your services.
Get in touch
Discover what uPaid can do for your business. Let’s talk.