Coop Pank pays the bonus to your company’s current account once a quarter. It works like this:
It means that whenever an invoice is generated by your accounting software, a payment link or button is automatically appended to it. If the client clicks on said link or button, a page opens up in their browser on which they can choose their payment method (e.g. a transfer from their home bank). This then opens up their bank’s payment page, where they can log in to their account and confirm the transfer.
This makes paying invoices quicker and easier, because the payer no longer has to copy and paste any of the invoice details. Your company’s IT specialist or partner will have no trouble integrating the system – all they need to do is look at the documentation for both Montonio and your own accounting software. Montonio’s payment link documentation can be found here.
In order to calculate the bonus, we need accurate input on your company’s actual turnover. The Estonian Tax and Customs Board publishes such data for the previous quarter at the end of each quarter. We calculate the bonus on that basis. As a result, we introduced the requirement that you have to be liable to VAT to qualify for the bonus.