Paystand Early Pay is a financing option designed to help you get paid faster—without waiting for net terms to expire. In partnership with Lendica, you can request advance payments on eligible invoices, giving your business a flexible way to boost cash flow when you need it most.
How It Works
- Request an advance on eligible invoices through the Lendica<>Paystand portal.
- If approved, up to 90% of the invoice value is deposited into your business bank account within 1–2 business days.
- On the invoice due date, Lendica will automatically debit repayment via ACH, and you keep the remaining balance (minus the financing fee).
Note: Early Pay is currently managed outside the Paystand dashboard. ERP integration is not supported in this phase.
Why Use Early Pay?
- Improve cash flow and fund operations faster
- Avoid traditional debt, interest, or equity dilution
- Use only when needed—you choose the invoices
- Transparent pricing with no hidden fees
Cost & Fees
- Typical monthly fee: 1.5%–3%
- No interest
- No hidden charges
- No impact on credit score
- Fees are shown clearly before you accept any offer
-
No charge to apply – You will only pay when you use the product.
That means:- No setup costs
- No non-use fees
- No surprise or hidden charge
Is This a Loan?
No—Early Pay is a non-debt advance. It won’t appear as debt on your balance sheet and won’t affect your credit score.
Eligibility
Lendica determines eligibility based on:
- Monthly invoice volume
- Industry risk profile
Underwriting is handled by Lendica and may be reviewed periodically.
ERP Compatibility
Currently, Early Pay is not integrated with your ERP. Manual reconciliation will be required until full ERP support is added in a future release.
Additional FAQs
Do I have to use Early Pay for all invoices?
No, you decide when and where to use it.
What if I can’t repay on time?
Lendica will reach out to arrange alternate repayment options.
Will my customers see anything?
No. The process is invisible to your payers.
How to Apply
You’ll be invited via onboarding or through your Customer Success Manager. This will direct you to the Lendica portal, where you’ll complete a short application.
Need support?
Contact your Customer Success Manager.