Walstead Pay for supplier means:
- Fast payment for invoices
- Low financing cost (which you will know in advance)
- Account in the program for PLN 0
- Participation without any obligations (if you don’t use it, you don’t pay)
- No additional paperwork
- No collateral required
- No bank involvement (no credit verification)
- Easy to use with a mobile app or web browser
How to join the program?
Contact your account manager at Walstead
Provide your email address and mobile phone number
You will receive an invitation to the program to the provided email address
Download the mobile application
Apply for early payment of your invoices
What is Walstead Pay?
Walstead Pay is a program created by Walstead Kraków Sp. z o.o., offering its suppliers early payments for invoices.
Financially, the program is 100% based on Walstead’s own funds, without the involvement of banks or other financial institutions. This allows for quick enrollment, without any additional formalities or verifications typically carried out by, for example, factoring companies.
Technically, the platform for the program (Finteq application) is provided by FQ Prosta S.A.
How does it work?
- After applying for early payment, you will receive the transfer on the next business day.
- The transfer will be for the invoice amount, reduced by financing costs, the exact amount of which you will know in the application before you finally send the request for early payment (so you have full knowledge of the cost).
- At the end of the month, you will receive an invoice from FQ Prosta S.A. for using the service (equal to the amount of the previously deducted costs – you do not pay it).
- In your accounting system, you close your accounts receivable invoice with the payment received from Walstead and compensate it with the accounts payable invoice received from FQ Prosta S.A. The invoices are closed, and you have money in your account.