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What is an advance payment and how do I request one?

An advance payment is a pre-settlement offered by PalkkaOnline — you receive money before your customer has paid the invoice.

What is an advance payment and how do I request one?

An advance payment is a pre-settlement offered by PalkkaOnline — you receive money before your customer has paid the invoice. This is different from tax prepayment.

Note: Advance payment is not the same as tax prepayment

  • Advance payment = you receive invoice funds early from PalkkaOnline

  • Tax prepayment = income tax paid in advance to the Tax Administration

How does an advance payment work?

  1. You send an invoice to your customer as usual

  2. You request an advance payment for that invoice

  3. PalkkaOnline pays you the advance (minus a fee)

  4. When your customer pays the invoice, PalkkaOnline receives the payment

Fee

  • A percentage of the invoice's VAT-exclusive amount OR a minimum of EUR 10

  • The exact percentage depends on your agreement

When will I receive the money?

  • If you request an advance payment before 3:00 PM, the funds are transferred the same day

  • If you request after 3:00 PM, the funds are transferred the next business day

How do I request an advance payment?

  1. Open a sent invoice in PalkkaOnline

  2. Click the "Request advance payment" button

  3. Confirm the request

  4. The funds are transferred to your bank account

An advance payment must be requested separately for each invoice — it is not automatic.

Need help? Ask PalkkaBot or contact our customer support.

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