All Client Finance Subject to Status & Affordability Checks Legal Clients can Registered at any time with Uvepaid Directly Clients then Apply for Finance Approval at any time once legal fees have been quoted
Register with Uvepaid Legal and we'll set up your firms FCA Introducer status You do not need to independently apply to the FCA to conduct regulated financial activities when advertising Uvepaid. You maintain your independence as we are the brokers and lenders, and the client is free to carry on instructing you without engaging with Uvepaid.
Apply for Payment the Same Day
Upon completion of the Legal Service Login to your Firms or Chambers Uvepaid Account Click for Payment
We transfer to you the funds to pay your Fees within 5 days
Covering Legal Fees to £50,000 or more
We take the Credit Risk. You Keep the Client.
And What does it Cost?
Our One Time Transaction Fee per Payment is just 2.5% See Representative Cost Examples Below And Uvepaid Costs in the FAQs Section And there's a small monthly subscription charge for FCA IAR status of £49 per month
Offer Legal Fee Finance Options Uvepaid Regulated Finance is the New Way for Clients to pay for Larger, Final Legal Bills, Hearings, Mediation etc
How Uvepaid Legal Fee Finance Works: You Quote Your Fee to Your Client who Apply to Uvepaid Your Client is & Get Pre-Approved for Legal Fee Finance and picks Affordable Repayment Terms You Complete the Service and You Login on to Uvepaid for Payment Your Fees get Paid within 5 days And the loan to the client is then managed by Uvepaid & our Lenders Representative APR Cost Example: Your Client Pays you Now with Uvepaid and then Repays us over 24mths or more. Your £2500 Legal Fee Invoice is paid to you by us minus a 2.5% transaction fee of £62.50
With Uvepaid Your Fees are Paid within Days of being Billed
There's no more Chasing Clients for Payment
No Debt
FAQs & More
hOW TO GET startED
Contact the Law Firm & Barristers team at Uvepaid. We'll discuss the options available and get you set up so that you can start offering the Uvepaid Way toPay to your clients and on your Invoices and Fee Notes. Just contact [email protected] and we'll get things started.
Regulated UVEPAID LEGAL FEE FINANCE
Uvepaid regulated finance contains interest, which is paid by the client. They choose a repayment period of between 12 to 120 months. Law Firms and Chambers need to be FCA Introducers before advertising Uvepaid Options
Before you can start offering Uvepaid to clients, we need to onboard you and set a few things up with the FCA.
For APR Finance, we have to register you as an FCA Introducer with our Lender(s) first, which makes you compliant to advertise your new Uvepaid Credit Options. We can usually have you set up & ready within a few days.
It takes only 10 minutes to register, and there's a small monthly subscription charge for FCA IAR compliance status applied by our Lenders
There's a small monthly subscription charge for FCA IAR status of £49 per month or £450 per annum, cancel at any time.
How do I offer Uvepaid to Clients
You offer Uvepaid on Billed Company Invoices, and Billed Chambers Fee Notes and advertise Uvepaid as a Way to Pay in your place of business and on your Website and all payment/Invoice communications. This is called Point of Sale (PoS) Credit, which means your Client sees the offer when they receive the Invoice. We will set up everything and discuss with you or your IT section how & where to place Advertising links on invoices and online.
What does the Client need to do
First-time Clients need to register online with Uvepaid & when they click your Uvepaid Link(s) they come straight to our Site. We do all the necessary credit & compliance checks, and at this point, they'll receive approval and can pay your fees. Once registered, they just log in to their Uvepaid Account to pay new invoices as the case continues.
The first-time user process takes a matter of minutes. Registered users can submit and pay an invoice in less than 60 seconds. (all credit is subject to approval)
When does my business receive payment
We Cover Legal Fees up to £50,000 or more, and you'll typically receive payment via Uvepaid within 1 to 5 days, depending on the type of credit supplied to the client. Full Payment will be made directly to your Business Account minus the Uvepaid Transaction Fee , and your Client repays us on the agreed instalment dates.
What is the difference between 0% iNTEREST-FREE & apr INTEREST-BEARING finance
Interest Free Credit (Unregulated loans) is usually under 12 months and contains no interest and no charges for the client, with any charge or processing fee covered or absorbed by you, the firm, barrister or chambers. These loans are typically known as buy now pay later.
Regulated loans either contain interest which is paid by the client and/or are over 12 months in term and, as such, Law Firms and Chambers must hold the appropriate Financial Conduct Authority (FCA) permissions before advertising Uvepaid Options
UVEPAID Costs - TRANSACTION FEES EXPLAINED
The length of time your client chooses to repay our finance does not increase our transaction fee.
Uvepaid aims to offer the lowest most competitive market APR rates possible so that you can bill your fees and get paid within days, and you pay a one time transaction fee for the credit that we offer your clients on your behalf. This fee covers Uvepaid for supplying, processing and supporting the credit that your clients need to pay your fees. And remember we offer the credit and take the credit risk. So once you're paid, you're paid.
When you offer APR Interest Bearing Finance - Our standard one-off transaction fee is just 2.5%. So, for instance, your client wanted 48 months to repay a £20,000 Legal Fee then the One Time Uvepaid transaction fee be around £500.
Remember, once you're paid, you're paid. We offer the credit and We take the credit risk.
sra rEGULATIONS, YOur independEnce aS A UVEPAID fca iNTRODUCER
SRA-regulated financial services activity advice states that you can refer clients to a lender who provides the client with funds to pay your firm's fees
Being an FCA introducer means you can advertise the Uvepaid Way to Pay to clients who may want to use it. But you do not need to independently apply to the FCA to conduct regulated financial activities when advertising Uvepaid.
You maintain your independence as we are the brokers and lenders, and the client is free to carry on instructing you without engaging with Uvepaid.
Your professional independence and professional integrity are always maintained as Uvepaid does not pay any commission or any type of referral fees to any third party for introducing clients.
Can you offer our client longer repayment times on larger invoices
Yes. Payment Terms over 5 Years or more can be offered (subject to credit approval). These applications are dealt with individually by the Law Firm and Barrister team and you or your client should contact them directly to see if we can help.
payment at every stage of the matter
You don't have to wait until the end of the matter to get paid. We can offer payment on each billed Invoice or Fee Note, so the client can pay and settle your fees as the matter progresses. We (subject to credit and affordability) offer clients & businesses up to 3 ongoing credit schemes at any time. So there's no need to wait until the final bill, you get paid along the way, and the client gets to move the matter forward.
can i charge my client for using credit?
The Uvepaid Transaction Fees is the cost, to you and your business, of offering Credit products to your Clients, and under UK Law you cannot charge consumers if they pay via credit Most Companies either absorb the cost of offering BNPL-style credit as it drives new and return business, but some increase prices in general as a way of offsetting.
UVPAID support 24/7
We're here for you & your clients every day, to talk you through how to offer and how to use the services we provide. Everything is online for your clients who can pay your fees 24/7 via our Payment Portal. But when you need us, or the client needs us, then just get in touch and one of the team will be there to assist and answer any questions.
Let Clients know they can Pay via Uvepaid We take the Credit Risk. You Keep the Client
We'll be back in touch the same day
Every Client Every Fee Every Law Firm Every Chambers
Changing the Way You Pay Legal Fees. Increasing Every Day Access to Justice
Fee Release Limited trading as Uvepaid, Uvepaid Legal and Uvepaid Business. Certain Funding Types such as Legal aid may not be covered by Uvepaid Credit. All Credit is Subject to acceptance. One Time Transaction fees can vary with the size of the Invoice and length of repayment terms you offer your clients We take the Credit Risk. You Keep the Client Fee Release is registered in England and Wales (company number 12451560) and is a facilitator of credit solutions and not a direct lender. Our registered office address is 100 Bishopsgate, London, EC2N 4AG E - [email protected]m T-0203 9416162