Not long ago, I talked about unpaid invoices and how frustrating they were to deal with! It was one of the most popular blog posts I’ve ever written; with so many of you replying to me at exactly how frustrating it was! Dealing with unpaid invoices is one of the most time-consuming and stressful parts of being a freelancer or blogger. You keep checking your bank balance and feel incredibly poor-yet you know you’ve actually done the work! One check of your inbox can transform your mood and even though we know we’re entitled to the money, we’re scared of ruining relationships with the companies we work for. We’re literally too polite to ask what we’re entitled to!
That’s why I wanted to introduce PAYSAP: who is an official partner of The Bloglancer this month. I reached out to PAYSAP because I was literally obsessed with their idea- I knew it was something my readers needed to know about and something I needed to use! So let me tell you a little more about PAYSAP and how it works.
What is PAYSAP?
PAYSAP is a revolutionary new service created by freelancers (I say revolutionary as I think this is such a brilliant yet simple idea and can’t believe I’ve never heard of it before!) that takes over chasing invoices for you. After filling out a very simple form, you’ll be assigned a ‘paygent’ whose job it is to chase invoices on your behalf and just lets you know when it’s sorted. Unless we’re talking a coffee shop with free wifi and unlimited coffee, this is literally as good as it gets for freelancers!
Not only does this save time but it’s also perfect if you’re worried about potentially damaging a relationship between you and a company. Your ‘paygent’ essentially becomes your accounting department who chases up for you. They’ll call and email and keep chasing until it’s sorted. Then they’ll arrange the payment to be made to your bank by the client.
If you don’t want to wait a full 30 days before chasing (in line with the government guidelines), you don’t actually have to. PAYSAP offers invoice financing too. This means, they’ll pay you for your invoice BEFORE payment is made by the company; 48 hours after submitting in fact! For this service, they take a percentage of the invoice (Starting at just 10% but it depends on the risk involved) but given the amount of time you spent chasing (and let’s be honest checking your online banking whilst crossing your fingers and toes) it is often well worth it. It’s one of those things I’d weigh up personally and it could definitely be worth taking a small cut to get it sorted so quickly!
What plans do PAYSAP offer?
PAYSAP offer two different services: Fixity (a one-off, standalone service) or Tenacity (a monthly plan to cover two invoices). The prices vary depending on the invoice fee (but if it’s under £1000, the plans are usually £29). However, if you’re looking to join you can use the code JENF10 which will get you £10 off either of the above.
How do I get started with PAYSAP?
To get started, simply head to PAYSAP’s website and select which option you’d prefer. Fixity is best if you just need a one-off invoice sorted, but if you know this is a regular thing; I’d go for Tenacity (which, even without the code, works out at less than £15 an invoice but with it, it’s under a tenner!). It’s then just a case of uploading your invoice and contract (don’t worry, a PDF copy of your email outlining the job that needs doing technically acts as a contract) and PAYSAP take care of the rest. They’ll get on with chasing and updating you-whilst you can get on with your busy workload knowing that it’s all i hand!
I hope you found this post useful and I’d love to know your thoughts on PAYSAP and if you’ve managed to give it a try using the discount code! I’ll be updating this post with my own experiences of using the service as the month progresses too.
This is a collaborative post with PAYSAP.