Salary advance (FastPay)

What FastPay is

Normally your salary is paid out once your client has paid the invoice. FastPay is an additional service where the payout happens before that.

It is an advance on the salary the invoice will give you, not a faster handling of money that has already arrived. Paidin covers the amount until your client pays, which is why every application is assessed before it is approved.

How to choose it

FastPay is selected as the payout option when you create the invoice, before it is sent. It cannot be added afterwards.

When you select FastPay, the full terms are shown and you approve them in the same step. The terms are what apply, and they cover the requirements on you, on your client and on the invoice, as well as what happens if your client later disputes the payment. Read them before you apply.

Every application is assessed

Each application is assessed individually and may be declined. The assessment covers both you and whoever is paying the invoice.

The most common reason for a decline is that there is not enough information about the client. A decline does not mean that anything is wrong with you or your assignment.

Do not count on an advance when you are new with us. Without previous invoices there is no history to assess.

When FastPay cannot be selected

Three cases block the option directly in the invoice:

• Your first invoice, if you are using First invoice free. FastPay becomes available from your second invoice onwards.
• ROT, RUT and green technology deductions, because part of the payment comes from the Swedish Tax Agency and arrives much later.
• An ongoing attachment of earnings through the Swedish Enforcement Authority.

Fee and payout

The fee for FastPay is 7.9 percent of the invoice amount, and it replaces the ordinary tiered service fee for that particular invoice.

If your application is approved, the payout follows shortly after. If it is not approved you are notified, and the invoice is sent as usual through StandardPay.

If you need the money sooner without an advance

Send the invoice as soon as the work is done. The payment period starts when the invoice is sent, not when the assignment was carried out.