Card payments for suppliers

What would accepting card payments mean for your business?

Work out what it costs, how much cash it frees up and whether it pays for itself, using your own figures

The total of their invoices over the last 12 months

60 days

Count from the invoice date to money in your bank, not the terms written on the invoice

Day 30

Your customer releases payment on this day and the money reaches your bank the next working day

How do you cover the wait today?
% a year. A typical starting point: change it to your own
Other things to count (optional)

Only count what’s true for you. These start at zero

It costs you
It frees up

What being paid sooner is worth to you
Other savings you counted
Card fee
Net effect for you

    A growing number of buyers prefer to pay suppliers by card, and many only find out a supplier accepts it when they’re told

    Adjust days sooner and invoice size

    Both start at this customer’s figures. The card fee depends on invoice size

    Other customersAll together
    It costs you
    It frees up
    Net effect

    Start your setup Talk to us first
    How this is worked out
    • Card fee = your sales to this customer × the fee for your average invoice
    • Cash freed = your sales × days paid sooner ÷ 365
    • Value of being paid sooner = cash freed × what covering the wait costs you a year
    • Net effect = value of being paid sooner + other savings − card fee
    • Break-even cost = fee % × 365 ÷ days paid sooner
    • Other customers: the same figures, using the days sooner and invoice size you set for them