What it is Beforepay Pay Advance
The Beforepay Pay Advance is one of our products that allows eligible customers borrow up to $2,000 for a fixed 5% fee. This offers a convenient way to access extra funds when you need the most.
Whether it’s covering an unexpected expense, managing essential bills, or staying on top of your financial commitments, Beforepay is here to help you stay on top of your finances.
Our app also offers real-time spending insights and a budgeting tool, empowering you to make informed financial decisions.
How Beforepay works
1. Download the Beforepay app or visit our web version and set up your account by linking your bank account(s).
2. Follow the prompts and verify your eligibility and ID.
3. If eligible, you can tap the cash out button to have the funds transferred directly into your bank account.
In most cases, the funds will be available in your bank account instantly. However, payments to financial institutions that do not currently support New Payments Platforms (NPP), or when NPP is unavailable, may take up to 2 business days.
How to make a repayment
We simplify repayments by automatically deducting the amount you borrowed, plus a 5% transaction fee, on your next payday. This is a fixed, flat fee—no interest or ongoing charges.
Your repayment schedule is based on the option you select when you cash out.
We also offer flexible repayment options, including the ability to ‘Repay early’ or ‘Delay repayment.’ Please note that you can only delay your repayment once per cash out.
It can take up to 2 business days for your bank to settle your repayment with our system.
Still have questions? Contact us at support@beforepay.com.au.