FAQ written getting paid
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Accounts receivables processing and financing

Written FAQs

Getting Paid

How much can I receive in advance?

Typically, ninety percent (90%) of the face value of the invoice, but this percentage can vary based on the fee structure you select.

How do I get paid?

By one of these two options: cheque or Electronic Funds Transfer (EFT).

When do I get paid for the invoices I deposit?

Our promise is to pay you within 8 business hours of invoice deposit. Certain conditions apply. Please see legal disclaimer for details.

What are the advantages of Electronic Funds Transfer (EFT) over a cheque?

Electronic Funds Transfer (EFT) offers immediate access to your money by avoiding bank holds on cheques.

I have an invoice in U.S. funds and a bank account in Canadian funds. Do I need to open a U.S. bank account?

No, we can deposit U.S. funds into your Canadian bank account. Please note that your bank is responsible for the conversion process and the conversion rates are outside of IPS’ control.

Do you hold part of my money in?

Yes, we typically hold ten percent (10%) of the face value of the invoice as a fee deposit, but this percentage can vary based on the fee structure you select.

What happens with my fee deposit?

Based on the time it takes your customer (i.e. IPS payer) to pay the invoice receivable, we charge our fees against your fee deposit and disburse any remainder as an end-of-month rebate.

When do I get my rebate?

At the end of the month in which we receive your customer’s payment, we disburse you any remaining balance from your IPS reserve.

How do I know which of my invoices were approved and paid?

By logging into your IPS Online Account Manager and checking the Schedule link for approved invoices.

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