Shortening the Payment Cycle for Publishers

As an industry, digital advertising has made incredible progress over the past decade. We figured out how to make ads more relevant to consumers, we’ve consistently increased the revenue generated for each ad, and we’ve even determined how to deliver an ad at lightning speed.

However, despite all this progress, our supply chain — web publishers and app developers — is still suffering from an archaic payment scheme. It’s the end of the month before cash can be collected for ads delivered at the beginning of the month. And in many cases, it’s 30, 60, or even 90 days after the month ends.

Sadly, things appear to be getting worse. Some advertisers now enforce Net 60 payment terms, with others demanding terms as long as Net 150. That’s a full five months between the time the publisher provides the service and the moment the advertiser pays for it.

Read the full article here

By | 2017-05-03T15:40:45+00:00 August 15th, 2015|Advertising, Business, eCommerce|

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.