A common issue facing new companies selling primarily through eCommerce is inventory financing. Conventional invoice factoring companies are not always eager to do business with a new company selling a new product without an established sales history. This can pose a challenge when faced with an influx of new orders. Manufacturers don’t accept IOUs – they want cash.
Customers also hate seeing that the hot product that they just heard about is out of stock. Nothing can cause a product launch derailment faster than financing hiccups. Unlike conventional commercial lending solutions, Payability integrates into your Amazon Vendor Central account to accelerate your payments from Amazon.
As a team focused on getting Amazon vendors paid, we’re excited to be a part of the Amazon Launchpad Services Hub. Amazon Launchpad is Amazon’s program that makes it easy for startups and entrepreneurs to launch, market, and distribute innovative new products to millions of Amazon customers, and their Services Hub helps connect young companies to the services they need to grow.
Invoice Factoring: Amazon Launchpad Moves Payday Forward
Most Amazon vendors are paid 90 days after Amazon receives the product at their warehouse. Payability can get you paid faster – daily or weekly – to keep your early adopters happy and eager to recommend your product to their broader network of friends and associates.
That makes it possible for even an early-stage startup to immediately reinvest revenue into growth rather than having to wait up to three months to get paid. Alternative inventory financing arrangements can demand enormous interest payments, fees, and other complications that can put a ceiling on success.
A Stress-Free Product Launch with Payability
Payability is proud to announce that they are teaming up with Amazon Launchpad to help startups grow.
Once you are on Amazon Launchpad, Payability provides simple and affordable inventory financing for Amazon Vendors and Amazon Launchpad participants. You just connect your Amazon account to Payability, and you’ll be notified the minute that you’ve been approved for financing.
Interested in learning more how Payability can provide you with risk-free, low-cost financial resources for your Amazon Launchpad products? Contact us today at (646) 494-8675 for details or sign up