Pay B2B invoices in installments

Paying in installments is a payment method that allows you to split the total amount of a purchase into several smaller installments. Essentially, you buy products or services immediately and defer payment to a later time, through multiple installments or a single payment.

This online payment option makes it easier to access high-value products or services without paying the full amount upfront. It also simplifies the management of your supplier invoices.

The financing terms vary by supplier. Check the terms before making a decision, as the total price may include interest and additional fees that increase the cost of credit compared to a one-time payment.

Paying in installments offers numerous benefits for better financial management of your business. The flexibility of this payment method allows you to optimize your cash flow management and seize growth opportunities without affecting your immediate liquidity. This is often a crucial point for your business.

For example, you can pay your suppliers immediately while the balance of your business account remains unchanged. With Qonto, the invoice amount is credited to the supplier's account via transfer.

On your side, you repay the borrowed amount every month. This payment solution enables you to better manage your daily expenses. 

You no longer have to wait until you've built up enough liquidity or miss business opportunities. Instead, you can take action and spread the costs over time with predictable installments and low interest rates.

The credit is automatically replenished as you repay, allowing you to reuse the financing for other purchases. This mechanism is particularly beneficial if your business has seasonal or irregular cash flows.

Paying an invoice in installments with Qonto is simple and fast. The entire process is done through your mobile app or the website.

You first need to activate the feature and sign the financing contract. Setting up this service is done in a few clicks if you meet the required conditions.

Need to finance a supplier invoice? Here are the steps:

• Go to your Qonto account and open the Installment Payments section or the transfer section.
• Then upload the supplier invoice you want to pay in installments.
• The system automatically checks the validity and shows the transfer details. You can confirm or adjust these.
• On the next screen, you can activate the Installment Payments option and choose your desired payment term (3, 9, or 12 installments).
• You view the detailed payment plan and the total amount to be repaid, including interest.
• You can confirm and complete the transaction.

The invoice must have been issued less than 60 days ago. If you have received an invoice older than two months, you cannot pay it in installments through Qonto.

If the invoice also has a due date, it must not be more than 20 days before the date of your financing application.

To qualify for Qonto's Installment Payments, the invoice must be a readable document of good quality so that the system can automatically recognize the data.

The supplier invoice must include the following:

• the issue date, which must not be older than 60 days;
• the total amount including VAT, with a minimum of 150 euros;
• the full name of the supplier (mention in the logo alone is not sufficient);
• a company identification number. If mentioned, the due date must not be more than 20 days before the date of the financing application.

If a payment is late, your Qonto account will be restricted until your situation is regularized:

• you lose access to installment payments for B2B invoices;
• your account will be blocked: no payments by card, transfer, or direct debit are possible;
• daily penalties of 0.04% are applied to the principal of the installment. 

To resolve the situation, you must top up your account with the required amount and pay the overdue installment (installment + accrued penalties). If the delay exceeds 5 days, you will permanently lose access to installment payments for your future transactions. 

To prevent this, Qonto sends you an email 3 days before each due date with the details of the payment to be made.

With Qonto, you can now buy now, pay later for your supplier invoices. To use this credit payment, you must choose a financing term: 3, 9, or 12 installments. This service is not free, but it is very attractive because you get access to installment payments at low costs.

You can also repay your financing early at any time to reduce or even eliminate the remaining interest on the financed invoice.

The nominal monthly interest starts from 0.62%. The effective rates are calculated based on your company's profile and payment history. They are displayed in your Qonto account for each financing application.

You can now pay your suppliers directly with Qonto while keeping the balance of your business account unchanged. With Qonto, the invoice amount is credited to the supplier's account via transfer.

On your side, you repay the borrowed amount every month. This payment solution enables you to better manage your daily expenses.

You no longer have to wait until you've built up enough liquidity or miss business opportunities. Instead, you can take action and spread the costs over time with predictable installments and low interest rates.

Your company must meet certain eligibility criteria to use Qonto's installment payment option.

These include:

• Your company must be registered for at least 9 months;
• You must be a Qonto customer for at least 6 months;
• Your company's headquarters must be located in the Netherlands, France, Italy, Germany, or Spain;
• You must have two-factor authentication (2FA) activated in the application.