For the treasurer and board
How the quarterly funding works.
A plain-language review aid. The signed funding agreement controls payment terms.
Illustrative account
$6,000
annualized funding
- Monthly billed spend
- $10,000
- Published share
- 5%
- Monthly equivalent
- $500
- Quarterly equivalent
- $1,500
Model only. Actual funding follows paid invoices and the signed agreement.
Published tiers
| Customer monthly spend | Org share of spend |
|---|---|
| $0 – $74,999 | 5% |
| $75,000 – $99,999 | 6% |
| $100,000 – $249,999 | 7% |
| $250,000+ | 10% |
01
Purchase
A referred company purchases through a matched supplier.
02
Paid invoice
Funding is based on eligible spend after invoices are paid.
03
Quarter close
Eligible amounts are calculated for the quarter.
04
Organization funding
The authorized payee receives funding under the agreement.
Before first funding
- □ Signed funding agreement
- □ Verified legal payee and mailing address
- □ W-9 and taxpayer information through the private setup process
- □ Verified payment contact and payment method
Questions for your records
- □ Which legal entity or authorized payee will sign the agreement?
- □ How should quarterly funding be categorized in our books?
- □ Does our organization need board approval or a restricted-use designation?
- □ Who receives payment notices and performs the quarterly reconciliation?