New Introducer Commision Payment Package Launched By Catalyst Finance
We are delighted to announce how and when our introducers get paid
We are delighted to announce that we have changed how and when our introducers will be paid.
From the 1st of July commission payments will now be paid as income is accrued rather than when the debtor pays. This means commission will be made monthly and paid on the 10th of each month (weekend dependant).
This change will mean commission payments will be speedier, will improve our introducer’s revenue flow and enable our introducers to benefit swiftly from the deals passed to Catalyst.
The new commission payment structure will be available from the 1st July and will apply to new cases submitted after this date.
For transparency, although there will not be any clawback of commissions, if an invoice becomes overdue by 90 days or the client has become a managed case and Catalyst have begun recovery by other means, then commissions will cease at that point.
Its an exciting time here at Catalyst and we look forward to putting this new commission structure in place and working more closely with our extensive introducer base.