How to use Qonto’s Pay later feature?
Updated this week

This feature is only available for activities registered in France, Spain and Italy.

Qonto’s Pay later feature, or purchase financing, is built into your app. It offers credit for short-term supplier invoices, repayable in three installments. If you’re eligible, you can access your available credit in the app to finance purchases: upload invoices, and we'll credit your account for immediate supplier payments.

How can I activate the Pay later feature?

To activate it, you need to match our eligibility criteria and sign a contract. Checking your eligibility is just one click.

☝️ Good to know: activating Pay later is free.

How can I check my eligibility?

Only Qonto account Admins and Owners who are Corporate Officer can use the Pay later feature, subject to eligibility.

  1. Log in to your Qonto account from a computer or mobile phone. Click on Financing → Pay later, and then Discover available credit.

  2. If you are eligible, you’ll see how much you can use to finance your purchases within seconds. Click Continue and activate to learn more about the feature.

  3. Click Open and sign contract, then Sign at the bottom of the page to activate the option to pay later on your account. You will receive an email confirmation with the contract PDF.

☝️ Good to know: Qonto’s Pay later contract is non-binding, meaning that you will not be charged if you decide not to use it after activation.

If you're not eligible, you can check other financing options under the Financing > All partners section in your account. And keep in mind, as your business progresses, you may become eligible for Qonto's Pay later feature in the future.

What is my available credit, and how is it calculated?

Your credit is the total amount you’re eligible to use.

Your available credit is the actual amount you can use at any time to finance your purchases. Each time you use purchase financing, your available credit decreases.

👉 For example: If your credit is €10,000, and you used €2,000 for a purchase with the Pay later feature, your available credit will be €8,000 until you start to make repayments.

Your available credit is replenished as you make your repayments, giving you greater financial flexibility.

Your credit is calculated according to a set of criteria, including your company's history and activity with Qonto. Several factors are taken into account to ensure that this amount aligns with your needs. While the maximum limit is €10,000, the amount you qualify for may vary depending on our assessment. This personalized approach ensures you access to funds adapted to your situation.

☝️ Good to know: This amount is adjusted monthly, according to your company's activity. It can be increased or decreased. So you’ll always benefit from a credit limit adapted to your situation, for greater flexibility and control.

How do I finance a purchase with the Pay later feature?

How does it work?

Once you have checked your eligibility and signed your contract, you’ll be able to access the option to pay later by initiating a transfer (either a standard or instant transfer) via these steps:

  1. Log in to your Qonto account from a computer or mobile phone. Click on Financing > Pay later (from the mobile app: select Plus > Pay later), and then Finance a purchase. Alternatively, click on Transfers and then Make a transfer (by invoice upload).

  2. Upload an invoice. Please note that the option to pay later will only be available if you link an invoice to your transfer.

  3. Check that the transfer details are correct, then click Continue.

  4. Enable Pay later. When you’ve ensured you’re happy with the payment schedule and total to be repaid, click Confirm.

And you’re done! By following these steps, you’ve successfully financed a purchase using Qonto’s option to pay later. ✅

☝️ Good to know: You can find all of your supplier purchases financed with the Pay later feature in the Transactions section of your account, simply by applying the Credit transfer filter on the Method dropdown menu.

To monitor your available credit and repayment progress, go to Financing > Pay later from your web app, or Plus > Pay later from your mobile app.

  • Is there a minimum or maximum invoice amount for the Pay later feature?

Yes, your invoice must be at least €150. As for the maximum amount, it depends on your available and tailored credit limit, to a maximum of €10,000.

  • What information must appear on my invoice?

To benefit from the Pay later feature, you must provide a valid invoice. It must contain the following information:

Mandatory information

Optional information

Invoice issue date

Supplier IBAN

Supplier's name and address

VAT number

Supplier’s registration number

Description of product or service

Goods or services to be paid for

Payment method (card, bank transfer, etc.)

Total amount payable

Payment due date (30, 60 days, etc.)

⚠️ Important: please ensure that this information is clearly visible on your invoice, otherwise it may not be possible to use the Pay later feature.

What kind of invoices can be financed?

You can finance supplier invoices for goods and services within the scope of your core business requirements.

⚠️ You can’t use the Pay later feature in these situations:

  • for transfers to your personal account,

  • for transfers to another company belonging to you,

  • for transfers to another company belonging to the same owner as your company,

  • for transfers to close relative and member to your family,

  • for the payment of salaries to your employees, or any other form of internal compensation;

  • for your tax payments (DGFIP, URSSAF, etc.) or fines of any kind (lump-sum, criminal, court decisions, etc.),

  • to finance goods or services that do not correspond directly to your business or are not related to the needs of your company,

  • for repayment of other financing services (loans, credits, monthly repayments, etc.),

  • for sending a transfer based on an obsolete invoice, old invoice, or already paid invoice.

How to monitor my Pay later financing and repayments?

You can find information about your available credit directly from your Qonto app at any time.

🖥️ From your web app: go to Financing > Pay later.

📲 From your mobile app: go to Plus > Pay later.

In this section, you will access a dedicated cockpit where you can monitor your remaining available credit and view your installments (”To pay within 30 days” and “Total left to pay”). You will be able to easily track how much credit you've used and how much remains (”Available credit”).

⚠️ Important: If an installment can’t be debited from your account on the due date, you won’t be able to make any transfer from your Qonto account. If you find yourself in this situation, please ensure to top up your main account with the necessary funds and contact our client support. You will find more details in this article.

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