FundThrough invoice funding in QuickBooks Online: Express vs Velocity

A cash-flow question keeps surfacing among Canadian QuickBooks Online users: what is the invoice funding option tied to QuickBooks Payments, and what does it actually cost? The accepted answer in the community thread was supplied by Intuit, and it settles the mechanics. We went through it end to end. The feature is invoice factoring, delivered through a partnership between Intuit and a funding company called FundThrough, and it runs in two programs with very different ceilings.

What is invoice factoring?

Factoring, also called invoice financing or invoice funding, converts receivables you already own into cash before their due date. A funding company pays your invoice early, ahead of the net terms you extended. It then waits for your customer to pay under those terms.

The accepted answer lists the reasons businesses turn to it: funding a large project, covering payroll, or paying suppliers on time. It also describes factoring as quicker and easier than bank financing, and notes that new businesses often qualify more easily.

How does Express work?

Express is the entry program. You complete a guided setup in the platform and receive a customized pre-qualification offer. You then supply basic business information and documents, and the platform suggests eligible invoices synced from your QuickBooks account. Your pricing appears on screen before you confirm anything, so nothing is deducted sight unseen.

The ceiling is the key number: Express funds up to $150,000. It is also the narrower program in reach, since it is available only to QuickBooks Online users in Canada. Approval rests on the documents you provide, your cash flow, and publicly available information about your company.

What does Velocity change?

Velocity removes the ceiling. Funding is not capped once you qualify, and no accounting software is required, which opens the program to businesses in the United States as well as Canada.

Setup is lighter. You provide basic business information, then choose the invoices you want to fund. Your pre-qualification is generated from your QuickBooks account information. After full approval, FundThrough deposits the invoice total minus a flat fee and waits for your customer to pay under the original net terms.

Velocity adds a second layer of review. When you submit an invoice, FundThrough assesses your customer using third-party data, then verifies the invoice itself and your relationship with that customer.

What does the funding cost?

The published fee range runs from 2.75% to 8.75%, and FundThrough sets the final figure. On a generic $10,000 invoice, that spread works out to between $275 and $875. Expressed per dollar, the fee sits just under three cents at the bottom of the range and just under nine at the top.

Velocity is priced differently: a flat fee is deducted from the invoice total before the deposit arrives. The accepted answer does not state the flat fee amount, so treat it as a quote you receive during setup rather than a number you can plan around.

Funds arrive by electronic funds transfer. Same-day wires are available if you request them.

Who should think twice?

Availability first. The FundThrough integration is offered in English only, which matters for bilingual Canadian operations. Express requires QuickBooks Online and is limited to Canada; Velocity skips the software requirement but adds a review of your customer, not just of you.

There is also a transparency cost to weigh. Once an invoice is funded, your customer pays FundThrough rather than you. Some customers will not notice the change; others may ask about it. If a relationship is sensitive, raise the topic before the first invoice is factored.

Note where the decisions sit, too. Pricing, approvals, and collections all belong to FundThrough, not to the maker of your accounting software. Intuit’s role is the connection: syncing your invoices and surfacing eligible ones inside the workflow you already use.

The bottom line

Treat the feature as a built-in bridge to a third-party funder, not as a lending product from your accounting software. The draw is convenience: invoices sync, eligible ones are flagged, and pricing is visible before you commit. The cost is a fee of up to 8.75% and a funder standing between you and your customer on the invoices you fund. For a short gap, that may be a fair price. If you would factor every invoice every month, run the arithmetic first, because the fee range is wide enough to change the economics of the whole arrangement.