The easy way to improve your cashflow
Icon’s Early Payment Program gives our valued subcontractors and suppliers the option to have your invoices paid sooner.
It’s a quick and easy way for you to improve your cashflow and keep your business moving.
A win for your business
Why wait 30+ days to get paid?
Better cashflow for now and the future.
Opt in and out of early payment as needed.
Easy to register and get paid
No Financial information
or security is required, and you can request to receive funds the next business day*.
*Next business day payments are available on approved early payment requests made prior to the 1:30pm (AEST) cut off time.
To see what you’ll receive, use our calculator
Icon’s Early Payment Program gives our valued subcontractors and suppliers the option to have your invoices paid sooner. It’s a quick and easy way for you to improve your cashflow and keep your business moving.
Discounted early payment fee: 1.4% per 30 days (applied daily). Fixed service fee: 0.4% (ex GST).
The trusted payment platform
Earlypay is a trusted partner of Icon and a
leading technology company specialising in innovative early payment solutions
Our Early Payment Program enables our valued subcontractors and suppliers to have their approved invoices paid early. So, it’s a quick and easy way to get paid sooner and improve cashflow for your business.
Registration is free and takes less than 2 minutes. Simply go to icon.co/epp and click ‘get started’ to set up an account. Tip: Remember to use the email address you have already provided to Icon.
You will be asked to:
- Confirm your business details and complete any other information.
- Verify your bank account details for payment.
- Authorise and accept the Supplier Agreement. (If you’re not authorised to do this on behalf of your business, a company director will need to.)
- Submit your details.
Tip: Remember to use the email address you’ve already provided to Icon (otherwise you may get an ‘invalid email’ error message). If you need help, please contact our support team on firstname.lastname@example.org
Check that you are using the email address that you have previously given to Icon.
If you are trying to register with an email that you have not given Icon as your primary email, then you may get this error message.
For example, if you are using a personal email to register, but you provided Icon with your business email address. Or Icon has your ‘accounts@business’ email address, and you are trying to register with your personal business email.
If you have tried using an alternative email address, and are still getting this error message, please contact our support team on 1300 38 63 63 or email@example.com
When you’ve registered for the program, you will immediately get access to the dashboard as well as a confirmation email including the Supplier Agreement.
If you don’t receive this email, please check your junk folder. If you still need help, please contact our support team at firstname.lastname@example.org or on 1300 38 63 63.
Confirming the accuracy of your bank details is for your security, and ensures your payments are made into the correct account.
If you’re not authorised to agree to the Supplier Agreement on behalf of your company, a company director will need to do this.
The Supplier Agreement (which is attached in the confirmation email you’ll get after registering) is between you and Icons technology partner Earlypay, and outlines the terms and conditions of the program, which is facilitated by Earlypay on Icons behalf.
Earlypay provide the technology and service support to Icon to facilitate the Early Payment Program offered to Icon suppliers and contractors.
This is why you will, at times, speak to and receive communications about the program from an Earlypay email domain.
As new invoices are approved for payment by Icon as usual, you will get an email inviting you to request early payment. Whether you choose to do this is up to you and the needs of your business each time (and may differ from month to month).
Once you’re registered for our Early Payment Program, getting invoices paid early is easy:
- You’ll get an email when you have new approved invoices from Icon.
- Simply log into the Early Payment Platform and choose which invoices you’d like to get paid early, and when.
- Once approved, the funds are paid.
- You will receive an email confirming the details of your payment, so keep an eye out for it!
It usually takes 1 business day between the email from Icon approving your invoice until you can choose early payment. After you get an email inviting you to take up early payment, you can then log into the Early Payment platform and choose which invoices you want to get paid early, and when.
Next business day payments are available on approved early payment requests made prior to the 1:30pm (AEST) cut off time. For example, when you make a request before 1.30pm (AEST) on Wednesday, the earliest you can choose to be paid is Thursday. Please note this may appear as an overnight transfer and hit your account on Friday, depending on bank processing. If your request is after 1:30pm on Wednesday, the earliest you can choose to be paid is Friday.
Yes. If you request early payment before 1:30pm (AEST) on business days – the earliest you can choose to be paid is the next business day.
If you request early payment after 1:30pm (AEST) – the earliest you can choose to be paid is in two business days.
Early payment is not available on invoices within 5 business days of the invoice due date.
Yes. If you’ve chosen early payment on an invoice, you can log in and amend that payment date as long as you do this before the payment due date.
If you think the due date is wrong, please don’t choose early payment. Contact our support team on 1300 38 63 63 or email email@example.com
If you think the amount is wrong, please don’t choose early payment. Contact our support team on 1300 38 63 63 or email firstname.lastname@example.org
No, early payment does not extend to retentions.
It’s free to register for Icon’s Early Payment Program.
If you choose to receive early payment, a small fee applies. The fee is influenced by duration and is made up of a fixed service fee of 0.40% ex GST and a discount rate of 1.40% per 30 days. The discount rate is applied daily.
Yes. You pay GST on the service fee. Once your invoice has been paid early, you will get an email confirming payment and including a GST tax invoice for the service fee.
Yes. On the Early Payment Platform, you’ll see a dashboard for your business. Before you finalise your request for early payment on invoice(s), you can see:
- Fees for each request.
- The amount you’ll get paid (less fees).
- The date you’ve chosen to get paid.
If you need help with the Icon Early Payment Program, please contact our support team on 1300 38 63 63 or email email@example.com