We take on all the credit risk so there’s no recourse - that means if your customers don’t pay us we’ll never come to you asking for the money (unlike other solutions like invoice factoring).

We also don’t outsource our credit recovery process to nasty third parties. iwocaPay is part of iwoca - an award winning small business lender with years of experience lending responsibly and working with businesses to get them back on track when they struggle to pay.

We only charge for Pay Later when your customers use it , there’s no subsctiption fees. You also control who pays for Pay Later - either a fixed % on each Pay Later transaction for you (and interest free for your customers) or free for you and interest bearing for you customers.

What you pay will depend on your business and account set up when you join us, speak to the team on 0203 778 0549 to find out how this might work for your business.

Yes - if your customers signs up using your sign up link. They’ll appear in you “Spending Limit” page in the dashboard.  They’ll show the same statuses as payments for “Signed Up” & “Approved”.

If they sign up on the iwocaPay website you won’t be able to see them here.

Their maximum spending limit is £30,000 over 3 or 12 months.

When customers start make repayments their spending limit tops up by the same amount.