Simple and easy -180 seconds.
If your documents are submitted immediately, you can be approved on the same day, but on average it takes about 48 hours to be registered.
We are an expanding new innovative platform. And yes, your customer may not yet know about us. We welcome new SUPPLIERS and BUYERS!
  • Please use the referral tab on the website to refer others to us and we will assist or
  • If you are a supplier, see referral tab directly on the system or
  • Contact or email InvoSet directly and we will send you marketing material that can be forwarded to others that you do business with
Typically Buyers are well-established companies, and are generally ‘tier 2’ retailers, wholesale and distribution companies, cash & carry companies etc. InvoSet welcomes all BUYERS to become Approved BUYERS and take advantage of the InvoSet payment solution.
Once you have shipped your goods or provided your services and your customer has received the goods or services and has or will accept your invoice for the value stated.
Very Fast! The InvoSet system has been designed to facilitate almost immediate invoice approval from the BUYER. As soon as the BUYER authorizes the invoice, the SUPPLIER will immediately receive an Offer to Pay from InvoSet.
As soon as the SUPPLIER accepts the Offer to Pay, the payment is approved and authorized by InvoSet for funding. InvoSet will fund the Supplier designated bank account directly by Electronic Funds Transfer, and the funds should reflect by the next business day. (Delays may occur on Weekends/Holidays).
No invoice is too small! However we do require the entire invoice to be processed through our system.
No, however all payments are subject to qualification and credit limits.
InvoSet will establish a credit limit for each new SUPPLIER. In turn, each BUYER has an established total credit limit, and a maximum credit limit per SUPPLIER. Our credit limits are based on a number of factors, including the required documentation that is submitted with your initial registration application.
Once you have established your credit with InvoSet, we would be more than happy to re-visit your credit limits as well as those established at your BUYER’s level. Registered BUYERS and SUPPLIERS have a tool (application) on their InvoSet homepages to easily apply directly online for more credit.
Once a SUPPLIER accepts our Offer to Pay an Invoice, there is no further liability or recourse to the SUPPLIER. The BUYER assumes the liability to InvoSet! If the BUYER does not pay, there is no recourse to the SUPPLIER whatsoever. (unless the transaction is deemed to be irregular)
YES – the SUPPLIER gets to choose which invoices and from which BUYERS they want to get paid in advance by InvoSet.
YES, InvoSet works on an invoice by invoice basis. You are free to work with a bank or any other credit facility. Once you put through an invoice with InvoSet and it is approved and accepted by you, the invoice is paid in full and marked accordingly on your system!
If you choose not to accept the Offer to Pay, you will be paid by your customer on the date you would have otherwise been paid. You will not be able to re-submit this invoice again.
No Discount Fees or Processing Charges will be charged if you don’t accept our Offer to Pay.

InvoSet offers competitive rates on invoices submitted. The total fees charged include a capturing fee and a discount charge that is based on the number of days that the payment remains outstanding. 

Supplier: 

As a Supplier, if approved, you will be charged the following: 

(1) Membership Fee: Once-off annual charge for full utilisation of the InvoSet system. Current special is R99 per annum. This will only be deducted upon submission, approval and disbursement of your 1st invoice. 

(2) Processing Fee: A nominal fee is charged only upon approval and disbursement of each invoice. 

(3) Early Settlement Fee: The early settlement fee is determined per Buyer and industry and is fully disclosed on the offer to yourself prior to your acceptance and is based on the number of days that the amount is outstanding by your Buyer. 

Buyer: 

Buyers incur no fees or charges, unless the Buyers request an additional extension on the amount outstanding over and above the due date.

Yes – InvoSet encourages BUYERS to help SUPPLIERS and especially small businesses to grow. InvoSet will assess all applications.
Please use the registration links on the website under BUYERS OR SUPPLIERS tab or HOW IT WORKS tab.
If you have not completed two financial years, then please submit your completed financial year. If you are a new company less than a year old please include your latest interim financials or management accounts. We welcome all applications.
All requirements are detailed when using the SUPPLIER registration link. During the sign up process InvoSet requires you to upload documentation directly onto our system.
InvoSet sends you money by way of Electronic Funds Transfer (EFT) and uses your VOID cheque to ensure the correct banking co-ordinates are entered into our system to avoid any delay in getting you your money.
The Primary User is the person who you will entrust in your organization to capture invoices and request payments on the InvoSet system. In many situations, the owner or Director is usually the Primary Representative and the Primary User.
Yes, you can set up multiple Primary Users. You should however note that the Primary User is an individual within your organization that the Primary Representative is entrusting with the authority to capture invoices, request payments, and accept or reject Offers to Pay. The Master Supplier Agreement provides for the SUPPLIER to be legally bound by the transactions of the Primary User.
Yes, simply logon to your account and Edit the Users. This will require an approval from InvoSet, and may result in a short delay in capturing invoices.
InvoSet will review your application and the Primary User will receive an account opening approval email from InvoSet within 72 hours during normal business hours (9:00am to 5:00pm EST Monday to Friday). In the email there will be a link for the Primary User to setup their secure InvoSet User Account.

The Primary Representative on the account will receive an email with the Master Supplier Agreement. Please have this agreement signed and scanned (ready to upload) and then continue with the steps below:
  1. Click on the link in the email that was sent to the Primary User – a web page will open for you to choose your password – please enter a password and re-enter it to confirm.
  2. Click Activate my Password
  3. The next page will require you to setup your secure 2 Factor Authenticator. Please open the Google Authenticator app on your smartphone – if you have not downloaded the app yet, there is a link on this page directing you to the appropriate download
  4. Once you have downloaded and opened the Google Authenticator app you can either scan the QR code on the screen or manually enter the code.
  5. On the Google Authenticator app you will now have a code that will periodically change. Enter the code on the Account Activation page where it says “Test Code” and then click Test my code If entered successfully a message will appear “Congratulations. You have correctly set up Two Factor Authentication” You can now click I’m done, activate my account (If not entered successfully please try again, and if still not successful, please check that you have downloaded the app properly and scanned the correct QR Code (key) in.
  6. The Primary Representative will receive an email for security reasons advising that the Primary User has activated his/her account.
  7. A page will open and request you to upload the signed Master Supplier Agreement. The Master Supplier Agreement was emailed to the Primary Representative that was designated in the account setup. Please have it signed and uploaded on this page.
  8. Once submitted InvoSet will review and activate your account, both the Primary Representative and the Primary User will receive an email confirming the account is active and that you may begin submitting invoices.
Please use the registration links on the website under BUYERS OR SUPPLIERS tab or HOW IT WORKS tab.

An InvoSet Account Representative will be assigned to your account and will assist you in signing up.
During the sign up process the InvoSet account representative will make contact with you and collect from you certain documentation that will allow us to establish credit limits, and approve your account and that of your SUPPLIERS.
The Primary User is the person within your organization that you will authorize to access and use the InvoSet platform on behalf of your organization.

This individual will have the authority to authorize and approve or reject SUPPLIER requests for payment; set the number of days to payment on an approved invoice; access all InvoSet reports and history; and authorize changes to your information and user settings.

In many companies, the Primary Representative (the designated Director or owner who signs the Master Agreement) is also the Primary User of the system.
InvoSet will review your application and the Primary User will receive an account opening approval email from InvoSet within 72 hours during normal business hours (9:00am to 5:00pm EST Monday to Friday). In the email there will be a link for the Primary User to setup their secure InvoSet User Account.

Once the Primary User has activated his/her account, the Primary Officer will be notified by email to this effect.
  1. Click on the link in the email that was sent to the Primary User – a web page will open for you to choose your password – please enter a password and re-enter it to confirm
  2. Click Activate my Password
  3. The next page will require you to setup your secure 2 Factor Authenticator. Please open the Google Authenticator app on your smartphone – if you have not downloaded the app yet, there is a link on this page directing you to the appropriate download.
  4. Once you have downloaded and opened the Google Authenticator app you can either scan the QR code on the screen or manually enter the code.
  5. On the Google Authenticator app you will now have a code that will periodically change. Enter the code on the Account Activation page where it says “Test Code” and then click Test my code If entered successfully a message will appear “Congratulations. You have correctly set up Two Factor Authentication” You can now click I’m done, activate my account. If not, you need to renter the QR Code correctly to activate this authenticator.
We have built the system so that it is really simple to use and is self-explanatory. In addition, upon successful registration, InvoSet will make available to you, the user guides and will assist you each step of the way.
InvoSet is a web-based platform accessible from anywhere that you have access to the Internet.
You may sign up on your cellphone or on either a Desktop or Notebook Computer (PC or MAC).

For security all transactions processed on InvoSet require a 2 Factor Authentication. We use the Google Authenticator App; and this App operates on a smartphone running any one of the following operating systems: Android, BlackBerry OS or iOS.
InvoSet recommends Google Chrome, however all browsers will work including: Internet Explorer, Safari and Mozilla Firefox.