As an example, for a $100,000 invoice, which your company issues to a client, you will receive the full amount in 24 hour net of HirePay's small fee (e.g. 0.75% per fortnight) as per the payment schedule of your choice:
- For a 14-day schedule, you will receive $99,250 (less $750 HirePay fee)
- For a 30-day schedule, you will receive $98,500 (less $1,500 HirePay fee)
- For a 60-day schedule, you will receive $97,000 (less $3,000 HirePay fee)
The repayment amount will be debited from your designated bank account on the repayment due date.