MASTERCARD PAYMENT GATEWAY SERVICES LIMITED
Company number: 03430157
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
29 January 2026
Approved by:
David Willman
Payment statistics
Average time taken to pay invoices: 40 days
Total value paid:
- within 30 days: £4,364,233 (42%)
- in 31 to 60 days: £3,872,969 (37%)
- in 61 days or more: £2,111,686 (20%)
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 38%
- in 61 days or more: 20%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,074,541
- payments due in the reporting period which have not been paid within the agreed period: 39%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
Payments are made within 45 days of receipt
Were there any changes to the standard payment terms in the reporting period?
Yes - updated to 45 days based on average term of invoices paid during the period
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
60 days
Payments are made within a maximum 60 days of receipt
Any other information about payment terms
No
Dispute resolution process
Under Mastercard's standard terms , all undisputed and compliant invoices are paid in accordance with the agreed payment terms. In the event Mastercard disputes the amounts specificized in any invoice, the supplier agrees to enter into good faith discussions to resolve any discrepancy or misunderstanding associated with such amounts (and also provide reasonable supporting documentation upon request)
Each Business Owner is responsible for addressing disputes regarding services rendered/materials shipped. Non-compliant invoices are rejected by the GBSC Invoice Processing team with a notification to the supplier of what they need to fix on their invoice for it to be compliant. Legal disputes would be referred to legal counsel.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No