Who is Flip Money?

Flip Money Pty Ltd (t/a FlipPay) is a Sydney based digital lending platform helping businesses with payments and finance at the point of sale.

We partner with software platforms to enable:
– online payments;
– deferred payment options and credit terms for your customers to pay; and
– easy access to cash flow finance.
If you have an invoice, we can finance it for you or for your customers.

Start an onboarding application, and we’ll give you a call within 48 hours to finish the process. It’s that easy. We’ll go over a set of assessment criteria and quickly get you up and running.

With Flip Finance, there are no setup costs, ongoing fees, or lock-in contracts. A merchant service fee is charged per transactio, and depends on your type of business. We’ll let you know during the set-up process.

After onboarding, you’ll get access to our Merchant Portal. From anywhere at any time, this will give you the ability to request payments and drawn down funds. You’ll also get a clear picture of your customers’ transaction history.

It depends. Your business customers can get:
– 30 day extended terms;
– get interest free terms; or
– a pay in instalment option all within their allocated limit.

BY cad or direct debit on scheduled due dates. It can take up to three business days for direct debits to leave your bank account.

Yes. You can request to have your credit limit reviewed at any time. We look at the following criteria:
– Has your business’ financial position has improved since you were last assigned a limit;
– Have you had your account for longer than 6 months since your first transaction; and
– Are up-to-date with your repayments.

Call our team on 1300 354 766 from 9am to 5pm AEST, Monday to Friday, or email support@flippay.com.au.

To make any changes to your account, contact us at support@flippay.com.au or 1300 354 766.

To close your account please contact us at support@flippay.com.au or 1300 354 766.

Invoice Finance

What is Invoice Finance?

Invoice finance or debtor financing allows you to manage cash flow by borrowing against specific accounts receivable (invoices) or use for a business line of credit. Your customers repay the borrowing according to agreed payment schedules.

You repay Flip by direct debit on a prescheduled date. We will advance up to 100% of the invoice value less our fee.

You are able to access up to 100% of the money you’re owed in unpaid invoices connecting seamlessly with your sales/CRM software or directly on the FlipAPP.

You decide on each invoice whether you need to access cash flow and get paid now by us, or when your invoice is due. You don’t have to connect all your invoices.

Simply complete the online form in as little as 5 minutes. We will need:
– Company Details including directors and ABN
– Turnover, average invoice amounts
– Bank account details
– 2 BAS quarterly statements

You can access between $2,000 to $50,000 for each eligible invoice with Payment terms of between 15-90 days.

To access funding under a Business Payment Plan, the following applies:
– You are an Australian company with an ABN and GST-registered
– Your customer has been trading for six months, or more
– You issued a tax invoice to an Australian business
– Invoices issued for delivered goods or completed services
– Invoice should not have reached its due date
– Invoices with a value between $2,000 and $50,000

The cost varies depending on a number of factors and the type of facility requested, industry type, length of business relationship and how long your customer has been operating. There are no sign-up fees and no lock-in contract.

We direct debit your bank account on the agreed repayment due date. You can choose 15, 30, 45, 60 or 90 days.

How can I use Flip to offer terms?

How do I start offering my own Payment Plans?

Get onboarded. Once you onboard, you add a payment plan option on your outgoing invoices or checkout. Adding a ‘Pay Later’ option can be integrated into your invoicing process.

We can offer Extended Credit or instalment plans for business sales over 3, 6, 9 or 12 months. All customers are subject to our lending and approval criteria.

This allows businesses to offer 30 or 60 day extended payment terms to business customers for a fee, while you get paid upfront. Your customers repay the borrowing according to agreed payment schedules with us, you get paid the next day.

To be eligible to offer payment plans, you need to typically meet the following criteria:
– You’re an Australian incorporated business (e.g. Pty Ltd)
– You have traded for more than 6 months
– You issue tax invoices for goods/services that have been delivered
– You have > $100,000+ in annual turnover

Next day. We fund you the next business day.

We process payment via a direct debit (debit card or bank account) on the scheduled due date. We will notify them 2 days in advance to have the funds ready for direct debit.

The cost varies depending on a number of factors such as term of facility, length of business relationship and how long your customer has been operating.

Supplier Finance

How does it work?

Simply upload any supplier invoice for payment between $2,000 and $50,000 using the Flip Portal. Our credit assessors will assess the request, provide approval and make payment on your behalf within 24hrs or by the due date.

To be eligible customers must meet typically meet the following criteria:
– an Australian incorporated business (e.g. Pty Ltd)
– GST registered
– traded for more than 6 months
– More than $100K in annual sales
– Purchase from nominated suppliers on a recurring basis.

To qualify for financing, the invoices must meet the following criteria:
– The invoices must be issued by an Australian supplier to a buyer in a business-to-business (B2B) transaction.
– The invoices should have a due date up to 90 days.
– Suppliers will be your regular payables.

Payment for the financed amount will be due on the scheduled due date you agreed upfront. We will direct debit your account for each invoice separately to allow you to reconcile easily. You can prepay at any time. No penalties.

The cost varies depending on a number of factors such as term of facility, length of business relationship and how long you have been operating.


What payment types are accepted?

MasterCard, Visa, American Express and UnionPay

No, we will settle into your preferred account.

We work with a payment service provider to process all of our online card-based transactions. We have partnered with Till Payments Solutions Pty Ltd ABN 64 160 726 349 (Till Payments) to provide payment services.

Have more questions?

If you have more questions or couldn’t find what you’re looking for, but we’re send us an email at hello@flippay.com.au.