Augustus Net Billing - Merchant Guide

Net Billing allows merchants to pay Augustus fees directly from the collection account

On the first day of each calendar month you will receive an invoice from Augustus for all billable activity in the previous month. 

To simplify the billing process Augustus will deduct fees for unpaid invoices directly from the balance of the collection account. This removes manual finance processes and mitigates any fees you might incur with your sending bank.

If the invoice is already paid within the 14 day payable period net billing will have no impact. Net billing will start on December 15th 2025 for November invoices.

14 days after receiving an invoice fees are deducted

Invoices are payable within 14 days. After this period Augustus will proactively deduct outstanding fees from the collection account on the first working day after the 14 day period.

You have the right to dispute or ask questions on the invoice within the 14 day period. After the 14 day period, the right to dispute the invoice is waived.

Fees are invoiced and deducted in EUR

All Augustus invoices are denominated in EUR and fees as such will be deducted from the EUR collection balance. Including fees applicable to non-EUR services, e.g. GBP payments.

Fee Payments will appear as a Payout

The fee transactions will appear in the Payouts table in the Augustus dashboard. Fee payments will also appear in the Transaction Report available via csv or API and can be identified based on the bank statement reference with the form Invoice IVY // INV-2025-11-000001.

Funds will accrue to cover the invoice amount, including MMCs 

If the balance of the collection account is not sufficient to cover the invoice amount settlements will be paused to accrue sufficient balance to cover fees. After which the account minimum balance will be reset and normal settlements will resume. Net billing will also apply for Monthly Minimum Commitments (MMCs) from the active balance.

Net Billing is not applicable where safeguarding obligations apply to the funds a merchant holds in an Augustus’s collection account.

If you have any questions about the net billing process please contact your Ivy account manager or reach out to our finance team at finance@augustus.com.