How we work

BACS payments are sent to Invapay who then send them onto the supplier, this avoids buyers having to set up the supplier on their system which often causes lengthy delays and in some cases can prevent buyers from placing orders with suppliers.

Current purchasing card schemes insist that, in order to accept payment, suppliers must have a credit card ‘merchant’ account, which can be expensive. Invapay is different.

Invapay accepts BACS and card payments on a supplier's behalf and automatically transfer funds to a vendor's own bank account.

Invapay purchases follow 8 simple steps:

Invapay brings together elements that already exist in the purchasing world to improve the mechanics of ad-hoc spending. It does this by slightly altering the flow from that of a normal transaction.

1. Suppliers register with the Invapay online payment exchange, accepting the conditions of the service (notably that a small fee will be deducted from all payments via the exchange).
2. Once approved suppliers appear in the Invapay directory which includes details of the products and services they provide
3. Buyers log on and search the directory for suppliers.
4. Buyers enter orders into the system and select their preferred payment option
5. The supplier receives an email advising that an order is pending
6. The supplier logs on to either reject or approve the order. (Rejected orders are returned to the buyer with a reason for the rejection and the buyer has the option of making adjustments and then re submitting the order).
7. Once accepted the order is converted into an invoice from the supplier and the payment is processed.
8. With payment confirmed and funds on the way, the invoice can be processed by the buyer. Buyers need only one ‘vendor’ account in their ERP system (for Invapay) and also need not worry about instigating a payment from within the ERP (as all Invapay invoices enter the ERP pre-paid).