How Amazon Launchpad Companies Can Get Paid Faster

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 for a free account — obligation-free.

By | 2017-05-03T15:52:08+00:00 October 12th, 2016|Amazon, Amazon Launchpad, Business, Invoice Factoring, Marketplace|

Meet Keith Smith

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Keith, the co-founder and CEO of Payability, originally hails from the Pacific Northwest and now calls New York City home. Keith started his career as an analyst at various financial institutions before founding CyberMortgage and Zango. Keith later was the co-founder and CEO of BigDoor, which provides loyalty programs to large consumer brands, including: NFL, MLB, CBS, Viacom, and Starbucks. A successful entrepreneur, Keith regularly lends his time to early stage startups via TechStars and also serves as an advisor, investor and board member for multiple tech startups.