Cloudfloat Pro costs $300 + GST per year ($330 in total). Cloudfloat stays free to use, so if you don't join Pro you stay on Standard terms with no annual cost.
Standard vs Cloudfloat Pro
Feature | Standard | Cloudfloat Pro |
Annual cost | Free | $300 + GST per year |
Funding fee, first 30 days | Standard funding rates apply | 1.5% + GST |
Each additional 30 days | Standard funding rates apply | 2.5% + GST |
Card deposits and top-ups | 1.65% + GST | 1.5% + GST |
Payroll payment processing | 1.0% + GST | 0.5% + GST |
Funding limit | Dynamic: up to $4,000 (sole traders, family partnerships) or $7,500 (companies, company trustees) | Set from day one: $5,000 or $10,000 depending on your business structure |
Request a higher limit | Not available | Yes, on application, up to $500,000 |
Working Capital (repaid over 6 or 9 months) | Not available | Included |
Redraw (repay over up to 60 days) | Not available | Included |
All fees are shown in full before you confirm a payment. GST on Cloudfloat fees is claimable.
How the membership fee is charged
The $300 + GST fee is charged from your Cloudfloat Wallet when you confirm joining.
It appears in your Wallet transactions as Cloudfloat Pro Membership Fee.
The membership renews automatically each year. See Renewing, cancelling and refunds for Cloudfloat Pro.
Is Pro worth it for my business?
Pro pays for itself when the fees you save exceed the annual membership fee.
As an example, on $10,000 of invoices funded for 60 days, Pro fees total 4% ($400) compared with 7% ($700) on Standard, a saving of $300 on that one invoice.
Your own result depends on how much you fund and for how long, so use the figures above with your last few months of activity to estimate.
Standard rates and fees are subject to change; the figures in this article are current at the time of writing.
Not sure which suits you? Contact [email protected].
Learn more about Cloudfloat Pro here.