We know that your invoices can contain sensitive information. We promise to keep that information
at all times, even if you only have a trial account with us. The only people who'll be allowed to see your
invoices are Billtrader staff and the two patent firms listed on the bill (ie the biller and the payer).
When you sign up for a trial account we don't charge you anything and you can't break anything. You have
30 days to play around with the interface, download the various files and ask us anything you like. If
you're happy we'll move you to a live account. If you're not, we'll part ways.
The aim of the Trial Account is to help you make a decision as to whether you'd like to open a Live
with Billtrader. You can only use your access to your Trial Account for that purpose.
Also, we only act for intellectual property (IP) law firms. So by signing up to a Trial Account
you're assuring us that you work for or represent an IP firm.
When you sign up to a Trial Account you're agreeing to these Trial Account Terms and
When you sign up for a live account you're entering a contract with Billtrader Pty Ltd, the Australian
company of the whole Billtrader Group, and you're agreeing to the terms outlined below.
When you send us a bill you're promising us that they are real bills owed by you or your foreign agents
work you or they have performed.
When you do a "now" trade and the total is in our favour, you're agreeing to wire the total amount to us
Monday so it arrives in our account by next Tuesday. Similarly, if the "now" trade is in your favour,
wire you the funds next Monday so they arrive in your account by next Tuesday.
When you do a "later" trade and the total is in our favour, you're agreeing to wire the total amount to
in 90 days. We'll send you a reminder closer to the date, but it's your obligation to pay by that date.
Similarly, if the "later" trade is in your favour, we'll wire you the funds within 90 days.
For every bill you trade, we charge you a small administration fee. That fee covers:
- Capturing the data from your invoice
- Paying your foreign agents
- Collecting the funds from your foreign agents
As at July 2018 that fee is CAD/USD/GBP/EUR/NZD/AUD2.50 per invoice (depending upon your home currency).
We'll send you a bill once a month summarising the fees you owe and you'll need to pay those fees
When you send us one of your own bills for us to collect from your foreign agent, you need to have
your own bank account details and payment instructions from the bill and have replaced them with:
ATTN: OUR BANK DETAILS HAVE CHANGED
Please pay this bill via Billtrader.
By trading your bills, you are effectively assigning that debt to Billtrader Pty Ltd. We are then
authorised to collect those funds on your behalf.
If a foreign agent refuses to pay a bill, questions its value or takes more than 6 months to pay, we
the right to pass the bill back to you for collection. Billtrader isn't a debt collection agency. We
streamline the process of paying and collecting on the 99% of patent firm bills that are paid without
Walk Before You Run
When you start using the Live Account you'll need to begin by using it just to pay your foreign agents' bills.
Once you've processed at least US$50,000 worth of bills that way, you'll be eligible to trade your own bills
against your foreign agents' bills.
When you do start trading your bills against your foreign agent's bills you promise that you will use the
Billtrader platform to trade bills that you owe to your foreign associates (Their Bills) as well as bills
that your foreign associates owe to you. You also need to make sure that the value of My Bills in any trade
will not be more than five times the value of Their Bills in any trade. For example, if a trade is executed
in EUR and Their Bills add up to EUR10,000, the My Bills must not add up to more than EUR50,000 so that the
balance in your favour will not be more than EUR40,000.
You also need to make sure that at least half of the bills in any trade will be bills issued in a different
currency from the currency you trade into. For example, if the currency you trade into is USD and the trade
involves 18 bills, at least nine of the bills must be in currencies other than USD.
Don't Copy our Stuff
The aim of the Live Account is to enable you to process your patent firm bills efficiently. It is not to
allow you to set up a competitive business to Billtrader by copying our systems, software and processes.
By signing up to a live account you're agreeing not to copy our stuff without our prior written
We're developing new IP all the time, but in addition to the text and images on this site which are
protected by copyright, BILLTRADER and the BILLTRADER Logo are registered trade marks and many aspects
of our software platform are covered by eleven national patent applications which depend from PCT
application No PCT/AU2016/050470.