Billing is calculated at the end of the calendar month and includes a single months activity. All premiums for "activated" insurance quotes on each API's are summed up and each API gets a line item on a single invoice with 30 days payment terms.
Your activity for that month is exported to a spreadsheet and attached to your invoice.
VAT is added to your bill based on the partners country of operation and any applicable insurance premium tax or VAT regulations that exist. If you are based in Sweden IPT and VAT are not added to premium costs for insurance sold direct to sellers or via partner platforms.