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Extended payment terms (EPT)
Early repayment of Financed payment ( Extended Payment Terms (EPT) ⏳
Early repayment of Financed payment ( Extended Payment Terms (EPT) ⏳
Dave Hovis avatar
Written by Dave Hovis
Updated over a week ago

There may be times that you'd prefer to pay off an bill you opted to finance (via Extended Payment Terms, or EPT) before the payment is due. You can do this at any time before the due date; however, please note that EPT fees that have already been paid cannot be refunded or prorated in these instances.

Paying off a financed bill before its due date

  1. Open the bill you'd like to repay early.

  2. Switch to Payments tab

  3. Select View to bring up the Extended payment terms window.

  4. Click Repay early button towards the bottom of the window to schedule an ACH debit from your bank account for repayment to Settle (note: we do not refund EPT fees for repayment is initiated in the middle of an extension period).

Note. If you decide to pay Settle back early, we do not refund you the EPT fee for any partially completed extension periods. Future extension periods will not be charged. For example: If you financed a bill out to 120 days, then decide to pay Settle back on day 75, you will not be charged for the final extension period (90 to 120 days), but won't be refunded for the 60 to 90 day period.

Looking to further extend the repayment window on an invoice? Click here to learn how to change time extensions.

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