Selectpay Invoice Financing
Selectpay Invoice Financing: Selective invoice factoring that advances 85% while preserving customer payment terms. Ranked #29 of 29 in Invoice Financing Software by our editors (5.1/10); pricing: Pricing on request; best for small businesses financing selected invoices.
At a glance
- Editor score5.1 / 10
- PricingPricing on request
- Best forSmall businesses financing selected invoices
- Maximum advance rate85 %
- Facts checked29 Sep 2026
Where it wins
- Choose which invoices to finance, up to an approved credit limit
- Receive 85% of an invoice upfront and the balance after client payment
- Keep existing customer payment terms, with no monthly minimums
Where it doesn't
- Approval is subject to lending criteria and an approved credit limit
- The remaining balance depends on the client paying the invoice
- Fee details are available on request
Our verdict on Selectpay Invoice Financing
Selectpay Invoice Financing is a cloud-based financing service for businesses that want to release cash tied up in unpaid invoices. It is positioned for small and mid-market businesses, and its selective model lets a business choose invoices to finance up to an approved credit limit rather than financing every invoice. The service is a fit for companies that want to retain their existing customer payment terms while receiving an advance against selected invoices. It is a financing service, not standalone invoicing software, so buyers looking for a broader invoicing workflow should consider whether this narrower role meets their needs.
The funding arrangement is the central feature: after submitting an invoice, a business receives 85% of its value upfront, with the remaining balance paid after the client settles the invoice. Selectpay describes this as factoring and says invoices can be financed without monthly minimums. That makes the offer relevant when a business wants financing to follow individual invoices rather than a recurring monthly commitment. The trade-off is that the balance depends on the client paying; the service does not remove the wait for final settlement. Approval is subject to lending criteria, and financing is limited by an approved credit limit.
Getting started involves sign-up and a credit check. Selectpay’s pricing model is contact sales, with fee details available on request, so a prospective customer should ask how charges apply to its expected invoice volume before proceeding. The service is available through the web, with email and phone support channels. Selectpay is best suited to businesses seeking selective access to invoice cash while preserving customer terms, and less suited to buyers who need a standalone invoicing platform or want a financing arrangement that pays the full invoice value upfront.
Selectpay Invoice Financing pricing
Selectpay Invoice Financing fact sheet
| Free plan | Not verified |
|---|---|
| Paid from | Not verified |
| Maximum advance rate | 85 % |
| Funding speed | Not verified |
| Financing model | Factoring |
| Recourse terms | Not verified |
| Fee structure | Percentage |
| Minimum invoice amount | Not verified |
| Accounting integrations | Not verified |
| Deployment | Cloud |
| Platforms | Web |
| Support | Email, Phone |
| Built for | Small business, Mid-market (editorial estimate) |
| Pricing | Pricing on request |
| Website | selectpay.com.au |
| Facts checked | 29 Sep 2026 |
Alternatives to Selectpay Invoice Financing
- CommBank Stream Working CapitalA bank lending facility that turns eligible unpaid invoices into working capital.9.0
- HSBC Supply Chain FinanceA buyer-led financing programme for larger supply chains, not a self-serve receivables tool.8.2
- HSBC TradeCashSelective, multi-currency invoice financing for eligible HSBC Australia customers.7.7
See all Selectpay Invoice Financing alternatives →
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Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
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