Invoiced pricing: what Invoiced by Flywire costs, and the four AR vendors that publish a rate card

Invoiced by Flywire publishes no pricing at all. There is no rate card, no plan names, no tiers and no dollar figures anywhere on its site; the pricing page is a demo request form. That was true when we checked it in August 2026 and it has been true for as long as we have tracked the vendor. Any article that quotes you a starting monthly price or a per-invoice fee for Invoiced is reconstructing a number the company does not publish.

That matters more than it sounds. Invoiced is one of the few platforms in this category that reaches both the small-business ledgers and the mid-market ERPs, so it lands on shortlists next to vendors that cost wildly different amounts. Without a published price you cannot tell from the website whether you are looking at a 6,000 dollar a year tool or a 60,000 dollar one, and the answer depends almost entirely on facts about your business that only come out in the discovery call.

How much does Invoiced cost?

Nobody outside Invoiced and its customers knows the rate card. The honest answer is a set of sourced facts with their reliability attached, which is what the table below does.

Put together: if you are a mid-market B2B seller with real invoice volume, budget in the low tens of thousands per year and expect the number to be built from your invoice count and the modules you switch on. Payments are part of the platform, so ask early whether processing fees sit inside the subscription or beside it, because on a card-heavy receivables book that line can dwarf the software.

Why does Invoiced not publish pricing?

Because the product is modular and the buyers are not comparable. Invoiced sells invoicing, chasing, cash application, payments, analytics and a customer portal as named capabilities, and a company buying the chasing workflow on a QuickBooks ledger is a completely different deal from one buying cash application and a payment portal on NetSuite. A single published number would be wrong for almost everybody who read it.

The uncomfortable part is that this is also a negotiating position. When the buyer has no anchor, the first number in the room is the vendor's. Wherever pricing is quote-driven, the same pattern shows up in contract data: Vendr records buyers averaging 25 percent off the opening quote on Tesorio deals across 58 purchases. Assume the first figure you are given is a starting position rather than a price.

What drives an Invoiced quote up or down?

Three things, in roughly this order.

Invoice and customer volume. This is the primary meter in almost every AR platform, and there is no reason to think Invoiced is different. Model your peak month rather than your average one, because the peak is what defines the band you land in and what you will argue about at renewal.

Which modules you switch on. Invoicing plus Smart Chasing is a much smaller purchase than that plus CashMatch AI cash application, the customer portal and analytics. Get each module named individually in the quote along with the price to add it later, because the cost of bolting on cash application in year two is a number you want to know in year one.

Your ledger. Invoiced publishes connectors for QuickBooks Online and Desktop, Xero, NetSuite, Sage Intacct, Microsoft Dynamics and Workday, plus an Integration Studio the company says reaches over 1,000 apps. That is one of the broadest published lists in the category and it includes the two most rivals skip. Versapay, Billtrust and HighRadius all publish enterprise ERP lists with neither QuickBooks nor Xero named on them. If your ledger is QuickBooks or Xero, that scarcity is real leverage for Invoiced at quote time, and you should not expect a large discount on the basis of competitive pressure that does not exist.

Which AR automation vendors publish a rate card?

Four, and only four, of the names you are likely to shortlist. Everything below was verified directly from each vendor.

Two things fall out of that table. First, the published prices span roughly 25 dollars a month to over 1,200 dollars per user per month, which tells you how little the category label predicts the cost. Second, the BILL receiver fees are the line most comparisons omit and the one most likely to surprise you: 2.9 percent on a 40,000 dollar invoice paid by card is 1,160 dollars on a single transaction, which is more than a year of the subscription. Whichever vendor you pick, model the payment fees against your actual payment mix before you compare subscriptions, and keep watching them afterwards, because SaaS and processing costs drift in a way that only shows up if something is tracking what each subscription actually costs month to month.

Is Invoiced cheaper than Versapay or Billtrust?

There is no honest way to answer that from published data, because none of the three publishes a price. What you can compare is the shape of the deal and the fit, and on fit the three separate cleanly. Billtrust is built for distributors and dealers who need invoices delivered by EDI, print and AP portal, and its published ERP list is full of building-materials, truck-dealer and equipment systems. Versapay sells a shared buyer and supplier portal and is a common pick alongside NetSuite. Invoiced is the broadest of the three across a mixed ledger estate.

The available contract data is thin and should be handled carefully. Vendr shows Versapay at an average of 5,423 USD a year with a maximum near 33,000, but that comes from only four buyers, which makes it an anecdote rather than a benchmark. Quote it with its sample size or not at all.

What does Invoiced claim it delivers?

Invoiced publishes three headline outcomes on its own site: 45 percent fewer billing inquiries, an average 14 day DSO improvement, and 70 percent time saved on manual tasks. It displays a 4.5 star G2 rating from just over 400 reviews and says it moves 37.5 billion dollars annually. Those are vendor-published figures rather than independently audited results.

The 14 day DSO number is the one worth testing, because it is the only claim that converts directly into money you can check. Multiply your daily revenue by 14 and you get the cash that claim says it would release. For most mid-market sellers that figure dwarfs any subscription in this category, which is why the payback maths turns on days removed rather than on the sticker price. Ask for reference customers at your invoice volume and on your ledger, and ask what their DSO was before and after.

What should you get in writing before signing with Invoiced?

Six things, in the contract rather than in an email from a rep who may not be there at renewal.

• Which usage metric the price is banded on, and exactly what happens in a month you exceed it.
• Which modules are in scope, named individually, and the price to add each one later.
• Whether payment processing fees sit inside the subscription or beside it, and what the card and ACH rates are.
• The one-time implementation fee, quoted as a separate line from the subscription, with a go-live date.
• The annual renewal uplift percentage. Five to ten percent a year is common in this category and it compounds quietly.
• The exit terms, including whether you can export your full collections history and customer contact data.

What are the alternatives to Invoiced by Flywire?

It depends which part you actually need. If the draw is the breadth across a mixed ledger estate, BILL is the only close comparison that publishes a price, though its AR side stops at invoicing, reminders and payment acceptance. If the draw is cash application on messy remittance, HighRadius moved to outcome-based pricing in February 2026, charging nothing until go-live and then taking a share of realized savings, which removes most of the budget risk from that specific project. If the draw is the collections cadence, Chaser and Kolleno both publish rate cards and both serve smaller companies. The full field, including which vendors publish a connector for your ledger, is in our Invoiced competitors comparison, and the switch case specifically is in our Invoiced alternative breakdown.

One capability none of them include is a phone call. Invoiced, Versapay, Billtrust, HighRadius, Quadient AR, BILL, Tesorio and Gaviti all stop at email reminders, escalations and portal nudges, and leave phone follow-up to your team. Sidetrade is the one major exception, through its Aimie agent. If your aging report is full of customers who have simply stopped answering email, that gap matters more than the price difference between any two of these platforms. Our own AI collections agent escalates from email to SMS to a live AI phone call on a flat monthly fee, with no per-seat charge and no percentage of what it collects.

If you are comparing several quote-only vendors at once, the full picture of who publishes what and the receiver-side fees that routinely exceed the subscription is in our accounts receivable automation pricing breakdown.