💡 SplitLater — Post-Payment Flexibility for Your Business
SplitLater gives you flexibility after you’ve already paid a supplier invoice in full. You can now convert a Pay in Full transaction made within the last 60 days into a Pay Later plan (60–120 days) — freeing up cash flow while your supplier stays paid on time.
It’s an easy way to reclaim working capital and keep your business moving, directly inside your CloudFloat account.
How SplitLater Works
- Pay your supplier invoice in full via CloudFloat.
- Within 60 days, activate SplitLater from your dashboard.
- CloudFloat advances the funds — your supplier remains fully paid.
- Repay CloudFloat over 60–120 days in weekly instalments with a flat processing fee (no interest).
Who Can Use SplitLater
SplitLater is currently available for customers with an approved CloudFloat limit. To be eligible, you must have:
- A verified and active CloudFloat account
- No overdue repayments
- An approved credit limit
- A Pay in Full transaction made via CloudFloat within the last 60 days
If you qualify, you’ll see a “SplitLater” button next to eligible transactions in your Pay Page.
💡 Tip: If you don’t see the option yet, don’t worry — we’re expanding SplitLater access to all users soon.
Frequently Asked Questions
- What is SplitLater?SplitLater lets you convert a “Pay in Full” transaction into a flexible repayment plan within 60 days of payment — giving you post-payment flexibility without affecting your supplier’s cash flow.
- What does “Pay in Full” mean?It means the invoice was paid upfront in one complete payment through CloudFloat (not in instalments or by another method).
- Will I get my payment back from the supplier?No. The supplier remains fully paid. SplitLater simply unlocks working capital for you based on a payment you’ve already made.
- Who is eligible to use SplitLater?Customers who:- Have an approved credit limit- Hold an active, verified CloudFloat account- Have no overdue payments- Paid in full through CloudFloat within the last 60 days
- How will I know if I’m eligible?If you qualify, you’ll see a “SplitLater” button next to any eligible Pay in Full transaction in your Pay Page. If you don’t see the button, there are no eligible transactions right now — but future payments may qualify once your limit is approved.
- Which transactions qualify for SplitLater?Only Pay in Full payments made via CloudFloat within the last 60 days qualify. Transactions older than 60 days or paid outside CloudFloat are not eligible.
- What are the benefits of SplitLater?- Unlock working capital from invoices you’ve already paid- Improve liquidity and cash flow flexibility- Keep suppliers fully paid and happy- No interest — just a flat processing fee
- Does the supplier need to approve or be notified?No. Your supplier remains fully paid, and there’s no change to their payment.
- How are fees applied?A flat processing fee applies — no interest. You’ll see the total fee and repayment schedule before confirming.
- What repayment terms can I choose?You may choose a term of 60, 90, or 120 days via weekly instalments
- How do I activate SplitLater?- Log into your CloudFloat account- Go to your Pay Page- Find a Pay in Full transaction- Click “Split” (it should appear next to the transaction if eligible)- Choose your repayment term, review the fee and schedule, and confirm
- What happens after activation?Once confirmed:- CloudFloat tops up your wallet with the invoice amount- Your repayment schedule is created automatically- The first instalment (usually 20–30%) is charged immediately through Cloudfloat wallet- Remaining instalments are deducted weekly until fully paid through Cloudfloat wallet or via card.
- Can I cancel SplitLater once it’s activated?No. Once confirmed and your wallet is topped up, the repayment plan is locked in and cannot be reversed.
- Will using SplitLater affect my credit limit or future approvals?Yes — positively! On-time repayments through SplitLater help build your CloudFloat credit history, which can support faster credit limit increases.
🌟 Coming Soon
SplitLater is currently available for approved-limit customers. A wider rollout to all CloudFloat users is coming soon.