Typically, ninety percent (90%) of the face value of the invoice, but this percentage can vary based on the fee structure you select.
By one of these two options: cheque or Electronic Funds Transfer (EFT).
Our promise is to pay you within 8 business hours of invoice deposit. Certain conditions apply. Please see legal disclaimer for details.
Electronic Funds Transfer (EFT) offers immediate access to your money by avoiding bank holds on cheques.
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.
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.
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.
At the end of the month in which we receive your customer’s payment, we disburse you any remaining balance from your IPS reserve.
By logging into your IPS Online Account Manager and checking the Schedule link for approved invoices.