Can I pay off an invoice before my net terms end?

We offer two services, a revolving line of credit and net terms on business purchases. This article applies to the net terms service.

 

Yes, you can pay for purchases before net terms end. Note that this works slightly differently if your account has extended financing. (If you're not sure whether you have extended financing, you can reach out at nettermssupport@fundbox.com.)

Without extended financing

If you do not have extended financing, payment for the full amount will be debited automatically at the end of net terms. If you'd like, you can pay early from your dashboard. 

Note: The outstanding balance will be added to your next regularly scheduled automatic debit, which is the upcoming Wednesday. The debit will not be immediate.

Within 3 business days of a debit clearing, your limit will go back up and you can use that amount to get net terms on more business purchases.

 

With extended financing

If you do have extended financing, weekly payments will begin automatically at the end of net terms. There are two ways to pay early: by using autopay or by paying early manually.

To schedule an automatic payment, you can turn on autopay. Autopay can be turned on from your dashboard or whenever you confirm an invoice from a vendor. It can also be turned back off anytime for the payment is processed.

While confirming an invoice

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From the dashboard

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To pay manually, simply find the invoice you would like to pay off in the Payments area of your dashboard and click on “Review to Pay in Full”.

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Review the details of the order and click on the button to confirm that you would like to pay off this invoice early.

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Note: The outstanding balance will be added to your next regularly scheduled automatic debit, which is the upcoming Wednesday. The debit will not be immediate.

Within 3 business days of a debit clearing, your limit will go back up and you can use that amount to get net terms on more business purchases.

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