Invoice auction

An invoice auction is the sale of a single receivable to a network of investors, as seen on an invoice marketplace or invoice finance exchange. If done repeatedly, the buyer is engaging in invoice trading.

MarketInvoice provides an online platform for invoices to be auctioned. The online platform has been described as an “eBay for invoices,” a site that offers a number of advantages over traditional alternative finance, including faster cash advances, no contractual lock-in — which conventional alternative finance providers typically insist on — no personal guarantees from directors and lower fees.

This step-by-step guide highlights MarketInvoice’s auction process.