Pay suppliers upfront
or over time
Pay-as-you-go convenience.
No deferred interest.
No hidden monthly or application fees.
Create your account
in 60 seconds
Here’s what you’ll need to complete your account setup:
Your email address and phone number (for verification)
Your Australian Driver’s Licence
Your business ABN
The bank account number of your main trading account
Your debit or credit card details
Once you’ve signed up, our team will run the necessary checks and verifications. If they need any more information, they’ll give you a call. Verification normally takes 24 hours or less.
Good to know
Knowledge Centre
Got questions about Cloudfloat? Explore our Knowledge Centre, where you'll find everything from getting started guides to in-depth explanations on supplier payouts, borrowing limits, and more. It's your go-to resource for mastering Cloudfloat!
FAQ’s
Do I need to be Australian to use Cloudfloat?
The business must be an Australian business, registered on the Australian Business Register with an active ABN. The person applying for an account on behalf of the business needs to have an Australian government-issued photo ID (typically a driver’s licence), but does not need to be an Australian citizen.
How long does a typical payment take to process?
If you use the Cloudfloat Wallet, we release the payout to your supplier immediately. That’s the part we control.
However, this doesn’t mean the supplier receives the funds in real time. Banks still need to process the payment, which usually takes 1–2 business days, and in some cases up to 5 business days depending on the supplier’s bank. Find out more about how payouts work here.
What is my initial borrowing power?
This varies for each customer and depends on several business and credit factors. If you're operating as a company or trust with a corporate trustee, you could unlock up to $15,000 in dynamic borrowing power. If you're not a company or trust with a corporate trustee, you could access up to $6,000 in dynamic borrowing power. You can find out more here.
Can I upload multiple tax invoices at a time?
You can now upload multiple invoices at once in the ‘Pay’ section, simply drag and drop your invoice files or click and select using the upload button.
Why would my tax invoice be declined?
There are 5 main reasons an invoice would be declined; we failed to collect your first payment instalment, you do not meet our minimum credit requirement, you’re above your current borrowing power limit, you’re above your starting borrowing power limit or the supplier you wish to pay is no longer eligible for payment requests. You can find out more about declined invoices here.
How do I change the account I make payments from?
To change your account details please reach out to success@cloudfloat.com.au.
Why was my account declined?
To create an account, your business must have an active ABN and be registered for GST.
Cloudfloat does not work with certain industries, and our obligations under Australia’s AML/CTF laws may also lead to your account being declined.
Please reach out to our team at success@cloudfloat.com.au if you think you have been incorrectly declined.
Are there any late payment fees?
Cloudfloat charges a late payment fee if a scheduled payment is missed. While we generally try to recover payment without applying late fees, we reserve this as a last resort.
The fee is clearly itemised before you agree to each transaction. We encourage you to pay on time, as late payments may result in reduced or suspended access to our service while your account is in arrears.
How do Cloudfloat’s payment instalments work?
When submitting a tax invoice, you can choose to ‘Pay by instalments’ or ‘Pay in full.’ Instalments allow you to spread payments over 30, 60, 90 or 120 days in weekly or fortnightly intervals. Once your payment option has been selected, you’ll see the first instalment date, cost, and final payment details. Find out more about how payment instalments work here.
Is there a minimum/maximum amount you handle?
Cloudfloat has no minimum or maximum amount for tax invoices.
Are there any expenses you don’t cover?
Yes. We don’t cover non-business transactions, of course. But there are also some business expenses we don’t cover, see the complete list here.
Can I upload a statement or a proforma invoice?
Yes. We now accept statements and proforma invoices. If you have the tax invoice, upload it as a PDF, but if not, a statement or proforma is fine.