How Your First Instalment is Calculated

When you pay an invoice with Cloudfloat using 'Pay Later', your total amount is split into manageable instalments. The first instalment is slightly higher (depending on your chosen plan) and is paid upfront to get your schedule started. Here’s how it works:

30-Day Plans

• Weekly or Fortnightly: First instalment is 33.33% of the invoice value.
• Remaining balance is split evenly across the rest of the instalments.

60-Day Plans

• Weekly: First instalment is 25%.
• Fortnightly: First instalment is 20%.
• The remaining balance is divided evenly across the following payments.

90-Day Plans

• Weekly: First instalment is 30%.
• Fortnightly: First instalment is 20%.
• The remaining balance is split evenly across the schedule.

120-Day Plans

• Weekly or Fortnightly: First instalment is 30%.
• The remaining balance is spread across the rest of the plan.

Example (90-day, fortnightly):

• Invoice value = $9,000.
• First instalment = 20% = $1,800 upfront.
• Remaining $7,200 spread evenly across the next instalments.

Why do we do this?

The first instalment is set up this way to:

• Make sure you’ve got the necessary funds to honour the payment.
• Help build your Cloudfloat Trust Score, which can reduce your fees over time.
• Reduce your upfront costs compared to paying the full invoice.
• Keep repayments predictable and transparent, so your business can unlock cash flow flexibility without surprise charges.

Still have questions? To see this in action you can run a test on your account with an actual invoice amount so you can see the exact instalments.