QuickFee PayLater

PayLater | Offer Your Clients Extra Time To Pay

Offer your clients the freedom to pay your fees over time with click-of-a-button invoice funding. Win more business by offering extended credit terms or use as a friendly way to collect overdue invoices. Not invoice factoring or financing, your firm owns the client relationship and receives the full invoiced amount as soon as the next business day.

Prepare A Quote

Preparing a payment plan quote is easy. Enter some basic client information in your QuickFee account and send to your client.

Quote Is Accepted

Payment plan offer can be accepted by client manually or electronically using our convenient online acceptance form.

You Get Paid In Full

Once your client is approved and accepts the terms, the full amount is in your bank account within 1-3 business days.

(No technical implementation needed. We will have you getting paid in 48 hours or less)

Your clients want more flexible payment options

Make it easy to buy from you by offering your clients additional ways to pay. Up front or over time. We surveyed over 4000 clients of leading accounting and law firms on why they had used a payment plan by QuickFee to pay their fees over time. The results are below.

Why did you select to pay with a payment plan?

Help with cash flow

How important is it that payment plans are offered?

Very Important

How would you rate QuickFee in terms of ease of use?

Very Easy

A QuickFee Success Story

“With QuickFee we were aiming to solve three problems; the first one was to provide our clients with an opportunity to pay by installments, the second one was of course to improve our cash flow and liquidity, and the third one was to manage our debtors even better, in particular long outstanding debts.“

Simon Fermanis, Senior Audit Partner, PKF

Frequently Asked Questions

Is this factoring?

This is NOT factoring. Your firm owns the debtors at all times and your firm receives 100% of the fees being funded.

Is QuickFee PayLater ABA compliant?

Yes. We can automatically split funds into operating and trust accounts if requested and all QuickFee products are compliant with ABA Formal Opinion 484.

What does the process look like?

You can either issue and submit payment plan quotes using our cloud-based quote system, or we can set your firm up with an payment portal that offers your clients not just payment plans, but also ACH and credit card payment options (if needed). If your client decide to use payment plan options to pay you, we run a credit check on the client’s company. Upon approval, which is usually within a few hours, we debit the first installment from your client and provide 100% of the invoiced amount to your firm.

How much does It cost?

QuickFee PayLater is free to use for your firm and there are no long term contracts.

What are the client loan terms?

Clients select between 3 and 12 months for repayment. QuickFee does not stipulate fixed maximum loan amounts, but generally, we try to limit overall exposure to any one firm 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.

What are the interest rates?

Interest rates charged to your clients vary with the term of the loan but typically start as low as 3.95%. Monthly installments and total cost of the loan will be clearly displayed up front and there are no hidden fees or costs. Please contact us for the current rates we.

What if we don't want a third-party dealing with our clients?

QuickFee serves you and your clients in the background. When you invoice your clients, you simply provide QuickFee as an additional payment option. We only process your clients’ loan paperwork- any direct contact is left up to you.

What is Fee Financing?

Fee Financing (or Fee Funding) is the technical term for the payment plan options that QuickFee offers under the PayNow+ and PayLater product lines. Essentially QuickFee loans your clients the funds needed to pay you immediately, freeing up their capital and allowing them to pay the balance in monthly installments.

What types of firms use QuickFee?

QuickFee serves accounting practices and legal firms primarily, though we’re open to working with other types of professional service firms such as consultancies and market research firms. QuickFee best serves multiple-partner firms that invoice individual commercial clients into the thousands of dollars (smaller amounts would not qualify for lending consideration).

What clients should I recommend QuickFee to?

QuickFee does not make consumer loans, so we serve your commercial clients. All have the potential need for Fee Financing from time to time. Since QuickFee is a client-selected option, they decide when it’s a good fit.

Is training available for using your services?

QuickFee is very easy to use, but we’ll still walk you through how to use our services- at no charge to your firm. Once your firm signs on, we can have you up and running in less than 48 hours.

Are there any penalties for early repayment by the client?

No, clients may settle their outstanding Fee Financing 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.

What marketing materials can you provide to our firm?

QuickFee provides co-branded flyers you can use to explain and offer the service to clients. We can also provide digital graphics for your website, invoices, newsletters, etc.

Let’s Get Started

Request a demo

Prefer to talk to someone right now? Give us a call at 1 (844) 968-4387.