You will be paid within 24hrs after the application process is complete.
The funds will be paid into the bank account listed on the invoice that you have included as part of your application.
EPS will debit your account when the payment from your supplier for invoiced submitted reflects in your bank account. Via debit order.
Yes, there are restrictions. Early Settlement is only available on invoices above R100,000.
You may only claim an amount up to 90% of the total invoice value (including VAT).
A large corporate company which you deliver
goods and services to, which is registered on the EPS platform.
You are only able to apply for Early Invoice Settlement from
Anchor Enterprises that are registered on the EPS system.
It is a quick and simple process resulting in payment within 24 hrs after completion.
The steps in the process are:
Once you have been registered on the EPS platform and linked to your client, you will be able to apply for early settlement.
Enter the amount you want to be paid as part of Early Invoice Settlement. Take note of the Early Settlement Fees.
The early settlement will be against the valid invoice you have submitted to your client.
You will also be required to have a debit instruction mandate in place for early settlement amount repayment.
Once your Debit instruction mandate is in place you will be paid an early settlement of your invoice within 24hrs.
As part of our KYC process, we need to verify that we are dealing with registered company director(s).
As part of our KYC process, we need to verify that your company is registered on CIPC.
Once all the directors on the company have been verified and a mandate is in
place for the nominated director to transact on behalf of the company.
Your client will reject your application under the following conditions:
Fraudulent invoice. If invoice has been fraudulently submitted without you rendering
any services, without supply any goods or services or whereby the amount on the invoice
is purposely submitted as incorrect for payment.
Invoice Number. If the invoice or invoice number is incorrect,
or if the invoice is not on their system.
Bank Accounts don’t match. If the bank account on your invoice
is not the same as the back account that they will be paying you.
