When will you settle the invoice with the Seller?
As soon as you give us the go ahead, we’ll pay the Seller via Faster Payment. So they'll receive payment within a couple of hours.
How do repayments work?
We'll automatically collect your minimum monthly repayment using the payment method you register with us.
Can I settle my invoice balance early?
Yes, you can settle up any time with no penalty and no quibbles, you’ll just pay the balance outstanding on that day. In the extended payment period, the sooner you pay the less it will cost you.
Can I make early partial payments?
Yes, you can make partial repayments at any time. If your repayment is equal to your next due payment, we'll skip that next payment.
Do I need to know the bank details of the Seller?
No, we already have these on our system.
What if I miss a scheduled repayment?
Simply login to your Dashboard to make a debit card payment or get details on how to make a bank transfer. If you're not able to make a payment then please get in touch with us on 020 3778 0549.
Are there any fees or hidden costs?
No, there are no fees whatsoever and the cost of using the Extended Term period will be clearly outlined before you ask us to settle the invoice.
How do I know a PayLink is genuine?
We advise you check the accompanying invoice from the Supplier in order to ensure you are ready and willing to instruct iwocaPay to settle the invoice on your behalf. Contact the Supplier directly and/or contact iwocaPay to verify the PayLink.
Can I sign up for other finance with iwoca?
Yes, if you’d like to sign up for non-iwocaPay financing from iwoca such as a Flexi-Loan then you’ll need to make an application at iwoca.co.uk.