Nothing! QuickFee Pay Over Time is free for your firm to use, and there are no long-term contracts.
Depending on your firm’s agreement, your clients can select between 3 and 12 months for repayment. QuickFee does not stipulate fixed maximum loan amounts, but generally, we try to limit each firm’s overall exposure to 12% of revenue. Loans up to $100,000 can be processed through our cloud-based system, and you can always contact us when higher amounts are involved.
Interest rates vary with the term of the loan. Please contact us for the current range of rates we offer.
You will be settled the full amount of the invoice within 2-5 business days after the first payment is debited from the client.
No, clients may settle their balance at any time by paying the outstanding principal and any interest accrued since the last payment. Our system calculates these amounts in line with an amortization formula.
Once an application is submitted, QuickFee will generally approve payment plans under $5000 without any need for additional documentation. For payment plans of $35,000 and greater, and in some circumstances, QuickFee will require a copy of the invoice(s). Please email these to your Account Manager for expedited approval.
There are 2 ways your client can start a payment plan:
Yes, a client can start a second payment plan or restructure their existing payment plan to add in additional invoices. To restructure, contact your dedicated Account Manager.
Credit cards are not accepted for payment plans at this time; only ACH transfers.
The “Loan Listing” report available on your QuickFee portal will show you all topline details for each payment plan, as well as the total remaining principal/current business exposure.
To pull the Loan Listing report: