If you sell on Amazon, you know how much of a jungle it is out there. There seems to be a lot of confusion as to when and how Amazon actually pays its sellers. We decoded everything from Account Level Reserve to Amazon payment terms to the request transfer button.
While advertisers’ balance sheets are benefiting from extended payment terms, suppliers are suffering as they are pressured to extend payment terms against their better judgment.
Keith Smith, Payability CEO, collaborated with The 614 Group and AdMonsters in a recent study that highlights the driving factors and motivations of both sides of the transactional relationships.
Despite all the progress made in eCommerce, our supply chain — web publishers and app developers — is still suffering from archaic payment schemes like Net 30, Net 90, or – even worse – Net 150.
The results from a survey we conducted with Survata of their audience of mobile app developers and publishers had some surprising findings about cash flow and payments.
Technology allows businesses to receive revenue for goods and services immediately, electronically, and on multiple platforms, but modern suppliers—especially freelancers, app developers, and publishers—are still getting paid on archaic Net 30 (or worse, Net 60, 90, 150) terms.
For businesses to grow, we need to become comfortable talking about money, developing payment terms that work, and expecting on-time payments from our customers.