We charge you, i.e. the Company/Firm/Barrister that issues the Invoice a percentage per transaction plus £0.30 pence. 

Most Firms absorb these costs to release cash-flow & grow business relationships but you are within your rights to pass the cost(s) back to your clients.

The transaction cost is based on the length of the terms you want to offer your clients and the frequency that you want to receive payments out from Fee Release (Daily, Weekly etc)

All current charges are listed on the Prices & Points to Consider page on our website www.feerelease.co.uk

Almost all types of Buyers & Limited companies are able to use Fee Release, and we will start accepting applications from Sole Traders in Sept 24. This may change at any time so keep checking back for updates.

Your Client registers then they can Log in to their Account anytime. It then only takes minutes to settle via Fee Release. We will process the Invoice they upload and make payment in accordance with your agreement with Fee Release.

Successful payment depends on the seller's (i.e., the one that issues the invoice) and buyer's (i.e. the one who wants to pay that invoice) details being approved. Initial credit checks and scoring on your Client allow us to align and approve your application to our designated lending partner(s).

All of this is completed within minutes and we notify all parties when a payment is being made.

Simply contact our customer support team via team@feerelease.co.uk, we'll discuss your Practice and the credit terms you want to offer then send over a sellers contract. There are no tie-ins & on minimum term and we can set you up in no time.

Hours and via our chatbot are currently Monday to Friday 9.00am to 6.00pm or via team@feerelease.co.uk

Once your set up you'll have a payment link on you invoices, which will land your clients at the Pay it Here site

Client can then access Fee Release 24/7 via our on-line platform or Fee Release App*, Upload the Invoice and make the payment. It's that simple.

If you need additional help or we have a question about how this works then let us know.  Our customer support hours and via our chatbot are currently Monday to Friday 9.00am to 6.00pm or via team@feerelease.co.uk

* app late 2024

This is BNPL for firms & business clients so they can pay all of your Invoice now but spread the actual cost over many months*

On occasions, your Client may use Fee Release to settle part and not all of your invoice in which case any shortfall between the Invoiced amount and the amount you receive will still need to be paid by them to you.

The first time a client wants to pay an invoice they need to register. They'll be verified, confirm their identity and hopefully be approved for credit. 

It takes a few minutes.

Once a client is approved & verification complete they'll have their own Account page,  to log in and out anytime to settle Invoices.

Approved for Credit (your credit limit) will be shown as true and, if applicable, a new Credit Limit will be listed. They can then use their limit to settle as many invoices as they need to.

During your clients' initial application process Fee Release will attempt to arrange a credit limit for them. This credit limit is an indicator of the amount they can release via Fee Release. They can use the credit limit against this and other invoices, but like any credit limit, it is reviewed & checked each time you use it.

We aim to process and confirm payment within 24hrs. We then transfer that amount over to pay the invoice or fee note on set days per week, Monday to Friday and in accordance with the Payout Periods you requested with Fee Release.

We will send your payment, minus our transaction charge, directly in to your business account. The money to cover the invoice is always directly deposited into the designated business bank account of the Seller i.e. the Company/Firm/Barrister that issues the Invoice.

30, 60 or 90 Days are offered as standard, once you’ve used Fee Release for the first time we may be able to set up a unique repayment plan for repeat business. And/or offer instalment plans to your clients on larger invoices, just get in touch with team@feerelease.co.uk and let us know what you need.

Fee Release currently facilitates credit & loan solutions for Law Firms, Barristers & Chambers and is not the direct lender of the credit supplied to you.

So the BNPL repayment invoice your client receives, to repay the loaned amount, will not be payable to Fee Release but to the Bank or Supplier of Credit that we arranged for you. They will receive an invoice from them with the repayment date once your credit is approved  & released by Fee Release.

When we offer Business to Business BNPL to your client we are taking on the credit & loan risk. Not you.

By using Fee Release your client is agreeing and bound by the repayment term they agreed during the application process. If they find yourself struggling to make a repayment they need to contact us as soon as possible.

They might just need just a few extra days, but the most important thing to do is get in touch by emailing team@feerelease.co.uk

We will discuss the individual situation with them and see if we can assist, but it's important to note that Fee Release is the facilitator of the credit or loan solution and is not the direct lender. The Lender will expect repayment on the date agreed and under the terms you agreed in the repayment process.

Late Payment charges will be applied if they fail to honour the repayment date. Statutory interest is in line with the UK government recommendation of 8% above the base rate (currently set at 5.25%). This rate is applied per day. Plus a compensation cost on top, currently capped at £20.

If your clients don't agree with the Sellers Invoice or Fee Note i.e. the Company/Firm/Barrister that issues the Invoice, then they should not use Fee Release to settle it.

By using Fee Release to settle an Invoice or Fee Note your clients are agreeing to pay the amount listed on that invoice or fee note. So if they don't agree or they are disputing some of your charges, don't use Fee Release.

If the client who wants to settle an Invoice or Fee Note are not registered in the UK as a Limited Company or Sole Trader then we can't currently offer & arrange credit for them.

But we're growing and this is likely to change soon so keep in touch or email team@feerelease.co.uk to see if there's anything else we might be able to do for you.