How can my customers access financing? Will this cost anything for me?
Invoice2go has partnered with Best Egg to offer fixed rate, 3 and 5 year personal loans for your customers. This financing pilot is free of charge to you and your business and is available across all Invoice2go plans.
Customers will be offered payment and financing options when they view your estimate (see below). If they choose not to accept financing for the document, they can still pay through other means (e.g. debit card, credit card, Paypal, etc.).
Please note: Financing only applies to invoices and estimates of $2000 or greater.
Customers can quickly click to check if they qualify and view the loan rates and terms without it impacting their credit score.
If they select a loan, Best Egg will pay your customers by depositing the loan directly into their bank account. Your customer can then choose to pay you via check, direct deposit, card, etc. Invoice2go is not involved in this transaction, and it is solely between Best Egg and your end customer.
Interested? Opt in here.
How do I get paid when my customer takes financing?
Financing represents one of the many options your customers can utilize to pay invoices. When a customer takes a loan through Best Egg, they will receive the money in their bank account and can use those funds to pay via check, debit card, ACH, etc. Invoice2go is not involved in this transaction, so your customer has the power to pay through whichever means are accepted by your business.
How long does it take for the cash to be available to my customer?
Our financing partners pay directly into your customer’s bank account. For more information related to when your customers can expect the money to deposit into their account, reference the following help article.
What are the interest rates and terms?
Our financing partners offer products for a range of customer needs. Terms and interest will vary depending on the loan period. To learn more about your customer’s options, reference the following help article.
Can my commercial clients accept loans through this product?
For the time being, your customers can only take personal loans, however we are currently working on offering business loans.
Where is the financing pilot available?
This financing pilot is only available in the United States. Please note, loans will not be issued in:
- West Virginia
See Best Egg for more information.
When will my customer see financing offers?
Financing is only available on unpaid invoices or estimates worth more than $2000. For more information related to financing offers, please reference Best Egg’s help site.
I don't want to be a part of this pilot. How can I opt out?
If you do not wish to participate in the pilot, you can unenroll through the initial email you received via the ‘Unsubscribe’ link. If you’re having trouble locating the email, click here to unenroll.
What data of mine do you share with the loan provider?
Your privacy is important to us. When your customer visits our financing partner we inform the partner of the invoice or estimate total so they can prefill the loan amount. Invoice2go does not provide the partner a means to identify you or your business.