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Boost is a rewards program by LytePay. As long as an invoice was sent and paid by your client via LytePay, you can Boost it. Enjoy rewards of up to 6% on your chosen commitment period.
The Boost reward of 4-6% is based on the amount you choose to Boost and the commitment period.
It will then be pro-rated over the commitment period up to 365 days.
Yes! Use our AutoBoost feature, and it will automatically reBoost for the same time period for up to 180 days.
If you prefer to Boost it manually, you have 48 hours to decide if you’d like to reBoost the invoice.
Rewards will be transferred to your bank account within 48 hours after the Boost period ends if no action has been taken.
LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS). Since our establishment in 2018, we have partnered with leading property agencies in Singapore and Malaysia, and have facilitated over $200 million of payments to date.
As we are a non-bank financial institutions, freelancers are not able to load money on to LytePay. You are only able to Boost invoices that have been paid and collected through LytePay.
There is a minimum of $50 to Boost and reBoost your invoice.
Yes. Every subsequent Boost period will include the rewards you earned from the previous Boost.
Yes. Just remember that if you withdraw before the Boost period ends, your rewards are forfeited.
For example, if you Boost $1,000 for 90 days, but choose to withdraw $800 after 60 days, you will not get any rewards. However, you can choose to Boost the remaining $200 for any period of your choice.
Each early withdrawal from the Boost rewards program has a 0.25% service fee subject to a minimum of SGD $0.50. If you complete your Boost until the end of your chosen time period, there will be no fee.
LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service. We are bound by the rules and regulations of the Republic of Singapore and Payment Services Act.
No, only freelancers need to create an account. We want to make you and your client’s process as seamless as possible.
When you send your clients an invoice via LytePay, they will receive it via email.
To make payments, your clients can choose PayNow or bank transfer under LytePay.
To automate your invoice tracking, LytePay must act as an intermediary collection partner between your clients and you. We use bank account collection to avoid hefty credit card fees.
Currently, we are only able to collect payments in Singapore. We are working on future features that allow freelancers to invoice international clients so stay tuned!
It is free to use LytePay’s invoice and payment collection tool! Simply Sign up for free here with your email address and mobile. Ensure that your email address, mobile, and identity (via SingPass) are verified.
As we are a non-bank financial institutions, freelancers are not able to load money on to LytePay. You are only able to Boost invoices that have been paid and collected through LytePay.
Farewell, paperwork. Hello, automation. LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide
(i) account issuance service;
(ii) domestic money transfer service;
and (iii) cross-border money transfer service.
We are bound by the rules and regulations of the Republic of Singapore and Payment Services Act.
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