Split payment

Since 1 November 2019, we have been operating under the current principles:

• clients enter invoice data in the mFaktoring client zone. We have adjusted the service to split payment;
• mFaktoring pays an advance calculated based on the gross invoice amount without splitting it into the net amount and VAT;
• following the receipt of a payment from a buyer:

- payment for an invoice without split payment is settled against the invoice as it has been done so far;

- split payment:

- the buyer pays the split amount to mFaktoring’s account;

- mFaktoring settles the buyer’s payment against the purchased invoice and transfers the VAT amount to the client’s account.