Here's how Pay on our Cashback business credit card helps you settle any business cost

Rent is due on the 1st. A supplier wants £8,000 transferred the same week. Your biggest customer won’t pay for another month. You have credit on your card, but neither your landlord nor your supplier will take it.

That’s the gap Pay is built to fill. It’s a new feature on the Funding Circle Cashback business credit card. It lets you use the credit you already have to pay almost any business cost, including ones that only accept bank transfer. 

Business expenses your credit card can’t reach?

While business credit cards are useful for paying for everyday expenses, there are many bills that cannot be settled by credit card. 

Bills like those from HMRC, rent, deposits, or invoices from suppliers who refuse cards or add a surcharge can be tricky to manage, especially when cash flow gets tight. Or there may be times when payments don’t align and you need a cash buffer to cover day-to-day expenses. 

Many business owners rely on a combination of business credit cards for some spend, and loans or overdrafts to cover those suppliers and bills that don’t accept cards.   

Anyone who’s found themselves in this situation knows it’s cumbersome having to manage multiple facilities, applications and interest rates. 

An alternative way to pay small business bills

To ease the admin burden and help small business owners streamline their finances, we’re introducing Pay on our Cashback card. 

Pay lets you settle any business cost from your existing line of credit, whether or not the recipient accepts cards. With Pay you can draw down into your business bank account, giving you money to either pay your bills directly via a bank transfer, or hold the money in your account to cover costs. Transactions come with a 1.99% fee. 

Payout is on the same day when you draw down before 2pm that working day, and the payment is made in your business’s name. Simply draw down what you need and repay with up to 42 days interest free. It’s credit on your terms. 

How Pay works 

We aim to keep things simple for busy business owners. To take advantage of the benefits of Pay — and get cashback on all your business spending:

1. Apply online in minutes – Get an instant decision when applying for a Cashback card online, without affecting your credit score.
2. Start earning cashback immediately – If you’re approved, you can start using your digital card straight away. You’ll receive your physical card a few days later. 
3. Get money in the bank the same day – Drawdown the amount you need before 2pm on a working day and the money will be in your account on the same day.
4. Pay your bill via card or bank transfer – Pay gives you the flexibility to pay the way you need to, with all bills settled in your business name.Say you owe a supplier £5,000 and they only take bank transfers. Make a transfer straight to the supplier from your account for a flat fee of £99.50. The fee will be collected as part of your monthly repayment. Simply repay the entire balance in full at the end of a statement, for no additional interest or fee.*
5. Repay when cash flow allows – Pay gives you breathing space for those busy months. With up to 42 days interest free.

*The above example is illustrative only and not a personalised quote. Actual fees will vary depending on the amount of each transaction. 

How Pay could help your small business

• Create breathing space – We know payments don’t always align, so when you’re waiting on payments to come in, we’ve got your back. Use your existing credit to add money to your bank account, with up to 42 days interest free. 

• Simplify your finances – With just one credit line covering all your business expenses, you’ll get a clearer picture of cash flow, and spend less time manually reconciling payments.Plus,Pay is built into your card, letting you move money flexibly, with zero extra paperwork.

• Uphold supplier trust – When payments are made in that of a third-party processor it can create queries and erode trust. With Pay, payments are always made in your business name. So there’s less need for manual reconciliation of payments across multiple facilities, which wastes admin time and complicates VAT audit trails.

• Audit-ready books via accounting integration – Securely sync your Cashback card to your accountancy software to manage your books faster. With integrations for Xero, Sage and FreeAgent, your accounts will always be up-to-date, without you having to manually keep track of your transactions.

If you think the freedom of Pay might be right for your business, apply online in minutes, with no impact on your credit score. For more information and to apply, visit our website. 

19/10/26: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.