Paying an Invoice in Installments
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Follow this step-by-step guide to pay any larger invoices over time using the Pay in Installments payment method.
Interested in paying an invoice over time? Follow these steps to submit your request for approval by the Alternative Payments team. Please note that the following financials will be required for the review process:
The last 12 months of bank statements
Monthly or quarterly financials for the previous 2 years
If you do not see the option to Pay in Installments as a payment method, reach out to your vendor as they may not have this option available for their customers.
Log In Use your email to login to your vendor's customer dashboard
Select Pay Now In the "Outstanding & Overdue” invoices tab, locate the invoice you want to pay and select "Pay now”. If you do not see the invoice you want to pay”, select "Pay a custom invoice" and enter the invoice details.
Select Pay in Installments On the "Choose your payment methods" screen, select “Pay in installments” and toggle the net terms slider to your preferred duration, over 30-150 days. Review the payment schedule. Your invoice will be split into equal monthly installments every 30 days until the invoice is paid in full.
Note: An installment fee is applied to the invoice that varies from 3%-7% depending on the net terms selected.
Confirm your business details Review your company details and click on "Continue"
Review your company address and click on "Continue"
Review your name and role details, and click Continue.
Accept the Terms For Pay in Installment requests, you must read and accept the Alternative Payments Agreement and select "Continue."
Submit the Request Select a bank account or Add a new account and click "Continue" to submit your request
Review Process The Alternative team will reach out to you for financials once the request is submitted. Be prepared to provide the following:
The last 12 months of bank statements
Monthly or quarterly financials for the previous 2 years
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