If you’re located in the United Kingdom, you can fund your account in GBP. Your account prefund balance will be held in GBP, and you can create and pay GBP invoices.
Setting team currency
Your team currency settings control the currency of your prefund balance, order totals, reporting, and more. Invoices you create will match your team currency, and any invoice payments you send must be in that currency.
When you create a new Tremendous account, your team currency is set to USD by default. If you have not yet made a payment, you can change your team currency to GBP by navigating to the homepage or Billing > Balance and opening the three-dot menu on the balance tile.
Team currency is locked once you make a payment or enable a currency-based setting, so it's important to make any necessary changes before you fund your account. Learn more about team currencies.
Prefunding by invoice
If your team currency is GBP, you can prefund your account using GBP invoices.
- Create an invoice. This will tell us how much money to expect to receive. The invoice includes a unique reference code which Tremendous uses to match the payment to your account.
-
Send funds to Tremendous. To pay a GBP invoice, initiate a CHAPS or FPS transfer from your bank.
GBP invoices include a unique reference code which we use to automatically match incoming payments to the correct account. You must include this reference code when sending funds to Tremendous from the UK. If the reference code is not included, you may experience funding delays.
- Wait for your funds to arrive. CHAPS transfers take one business day to arrive, while FPS transfers arrive within minutes.
- As soon as the funds arrive in your Tremendous account, they’ll be available to use. We’ll send an email to let you know.
Paying by credit card
If you don’t want to pay by CHAPS or FPS transfer, you can prefund your account and pay for orders using a credit card. Credit card payments are associated with a non-refundable 3% processing fee. Learn more about paying by credit card.
VAT invoices and receipts
Tremendous is not obligated to charge or remit VAT. However, your finance team may require a VAT number on your invoices and receipts if your company is located in Europe.
To add your company’s VAT number to your invoices and receipts:
- Navigate to Team settings > Team profile. Admin permissions are required to access team settings.
- Next to Billing details, select Edit.
- In the VAT number field, enter your company’s VAT number and save your changes.
Users with billing permissions can also add a VAT number while creating an invoice:
- Navigate to Billing > Balance, then select Add funds > Create an invoice.
- On the Billing details panel, select Edit.
- In the VAT number field, enter your company's VAT number and save your changes. Then, fill out the remaining invoice fields and create your invoice.