With Settl.it, you offer late payers the opportunity to negotiate a discount – online – in return for making an immediate payment.
The earlier you offer a settlement, the smaller the discount need be.
Settl.it is proven to substantially increase collections and reduce write-offs.
Create a claim
1. Enter Claims
Register as a user and immediately enter the details of your claim. Invoices and other relevant data can be attached to the claim.
Invite to Settle
2. Invite to Settle
settl.it emails the party owing you money and invites them to settle or negotiate online.
This invitation can also be sent by post.
Negotiate
3. Negotiate
The other party has 3 chances to bid online and meet or exceed the minimum amount that you have set in advance. Your minimum will be kept a secret from the other party.
Settlement
4. Accept Payment
settl.it arranges a secure online payment by bank transfer, credit or debit card to complete the settlement. On receipt into a regulated Client bank account this money is transferred directly to your bank account.
Fees
5. Fees
settl.it charges 10% of the settlement received. No settlement – no fee.