Product Introduction – Faster Payments for Amazon Sellers with Instant AccessBy Keith Smith | September 26, 2016
Here at Payability we are continually listening to our customers to make sure we are building financing solutions that truly meet their needs. The latest result of that customer feedback is Payability Instant Access, designed specifically for Suppliers with payment terms less than 3 weeks. With Payability Instant Access, Amazon Sellers have next day access to their sales revenue, giving them the cash flow they need to grow their business faster.
We’ve been working with Amazon Vendors for the past year to accelerate payments on their purchase orders from Amazon. Instead of waiting 30 to 90 days to get paid on a large order from Amazon, our Amazon Vendor customers are receiving payments each week for the previous week’s fulfilled orders. These automated weekly payments have helped our customers replenish inventory and drive more sales.
Immediate Payments for Sellers
As word of the success with Amazon Vendors started spreading, we heard from Amazon Sellers that while their payment terms were weeks as opposed to months for Amazon Vendors, these terms just weren’t fast enough. They wanted to turn their cash faster, take advantage of purchasing opportunities and turn inventory faster.
Amazon Sellers told us that they can grow faster with immediate access to the cash from their sales, and thus Payability Instant Access was born. With Payability Instant Access, businesses can access their sales revenue from yesterday, today.
Get Cash Back on Inventory Purchases
Most growing Amazon Sellers are reinvesting all, or nearly all, of their Amazon payouts into more inventory. And some were using credit cards to pay for that inventory for the security, ease of use, and cash back. Our Instant Access customers have access to their sales the next day and can then transfer to their bank account or transfer to fund their Payability MasterCard and earn cash back on purchases. Seamless, simple.
We recently started advertising on Amazon Seller Central, and you may have seen our ads there, and the response to Payability Instant Access has been incredible. Our new Instant Access daily payments product is opening doors for Amazon Sellers right in time for the holiday season.