How do Cloudfloat’s payment instalments work?

When submitting a tax invoice, you can choose to ‘Pay by instalments’ or ‘Pay in full.’ Instalments allow you to spread payments over 30, 60, or 90 days in weekly or fortnightly intervals. Once your payment option has been selected, you’ll see the first instalment date, cost, and final payment details.



Where can I view my payment schedule?

You can view the payment status, next scheduled instalment, and full repayment plan anytime in the ‘Pay’ section. You will receive an email or SMS notification 24 hours before each upcoming instalment is due.



How are payments made?

Payments are automatically deducted from your Cloudfloat wallet or bank account depending on your selected payment method. Make sure you have sufficient funds to avoid missed payments.



What happens if I miss a payment?

If you miss a payment instalment, you’ll be notified by email or SMS and given 21 days to settle it, with a late penalty fee applied. The longer the delay, the higher the fee. Failure to pay within this period will result in your account being suspended.