For a small service fee of 2.95%, you can pay any invoice using your preferred credit card, even if your supplier does not accept card payments.
The vast majority of credit card companies offer up to 56 days of interest-free payment period. Extend your payment time and free up your cash flow by making the most out of your credit float. On top of optimising your working capital by retaining cash on hand until your card bill is due, you can even negotiate early payment discounts when you pay your suppliers on time.
On top of allowing businesses to free up their working capital and combat liquidity shortages, the extensive remittance data provided by credit cards makes for easier reconciliation and reporting. All payments made through Billhop will be updated on your credit card statement in real time, giving a much-needed boost to your accounts payable process.
While factoring may be a tempting solution for businesses looking for a quick cash injection, many fail to consider the true cost of factoring which includes high late fees and the risk of having to buy back unpaid invoices. By the same token, loans appear as corporate debts, which is less than ideal. Billhop takes advantage of the pre-approved credit on your card and gives you accessing to financing with no application process or impact to your credit rating.
Any invoice-based purchase of goods or services
Broadband and phone bills
Employees' paychecks (limited to Visa and Mastercard)
Gas and electricity bills
HMRC tax bill, including but not limited to business rates, self-assessment tax returns and VAT
Legal fees
Most subscription-based services
Office rent
Office supplies and services
Repairs and renovations costs
How much does Billhop cost?
Billhop’s pricing is simple and transparent.
For business accounts, we charge a service fee of 2.95% on each transaction.
For personal accounts, we charge a service fee of 3.5% on each transaction.
There are no additional costs associated with having a Billhop account and we do not charge a subscription fee or have any hidden upgrades. Our service fee covers all the costs of processing and handling your card payments.
Registration is completely free.
What types of invoices can I pay using Billhop?
You can pay any invoice as long as:
Some examples of the types of bills you can pay using Billhop:
Which credit cards can I use with Billhop?
You can use any Visa, Mastercard, Diners Club or American Express card, just like you would any online purchase.
It's worth noting that American Express may require direct approval if you plan to make a particularly large payment that deviates from your normal spending patterns. If a payment is initially declined, it is important that you contact their customer service directly.
