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Payability is a financing company that provides high growth Amazon and marketplace sellers with daily cash flow. Daily payments help give sellers speed and scalability to buy more inventory, shorten lead times, stay in the Buy Box and keep up with demand.
90 days of sales history, more than $2,000 in monthly revenue
|Access Via||Web Based / SaaS|
|Other Marketplaces||Best Buy, Etsy, Newegg, Tophatter, Walmart.com|
Payment acceleration service Payability has introduced Instant Transfer so Payability Instant Access customers can transfer funds to their bank accounts in seconds.
Instant Transfer works using the debit card rails to transfer funds from your Payability Available Balance to your bank account within seconds, any time of the day, any day of the year – even on holidays and weekends.
- $9,999 maximum amount per Instant Transfer
- $25 minimum amount per Instant Transfer
- Additional fee of 1% of the transfer amount or minimum fee of $5
- Unlimited Instant Transfers per day
- Transfer to your bank account 24/7/365
With Instant Access, Payability's automated system purchases and advances your sales each day and makes them available in your bank account within seconds – 7 days a week. Instant Transfer gives sellers a great way to access those funds on the weekends and outside of banking hours.
Cash flow accelerator Payability has launched the Payability Seller Visa Card, giving ecommerce sellers faster access to their marketplace payouts.
Sellers can use the new card to replenish inventory, buy advertising, and take advantage of new product opportunities.
"Reliable access to capital is a challenge for most marketplace sellers. Most are small businesses that aren't operating with huge amounts of working capital to draw on, and a weeks-long delay in getting payment can be crippling," said Keith Smith, CEO of Payability. "Our customers rely on us to help them get their money faster, and the Seller Card is the next step in meeting the evolving needs of these digital merchants who are continually shaping the face of eCommerce."
In addition to providing access to cash on a daily basis, the Payability Seller Visa Card rewards marketplace sellers with up to 2 percent cash back on purchases made on their pre-funded card which can be used online or in-person wherever Visa is accepted. Payability has also negotiated exclusive cash back deals of up to 20 percent off from companies that can help sellers grow their ecommerce businesses.
The new card, powered by open-API platform Marqeta, allows sellers to easily tap their cash flow, reinvest in their businesses and accelerate growth all with the convenience and ease-of-use of an everyday payment card.
Payability's financing platform has provided more than $1 billion in accelerated payments to startups since 2016. With better cash flow, customers have seen their monthly sales grow an average of 86 percent in the first six months of using the platform.
"Injecting more than $1 billion worth of capital into our sellers' businesses is a huge milestone for Payability. More importantly, though, it means we've made it possible for tens of thousands of small businesses to quickly scale, purchase more inventory, drive customer acquisition and, ultimately, turn their hard work into hard-earned success," said Smith.
Source: PR Newswire
Two major new updates for Payability have been covered on the Web Retailer blog.
The new Instant Advance service provides ecommerce sellers with a big cash injection quickly to help grow sales.
Payability has also expanded beyond Amazon, and now supports 15 marketplaces and shopping carts in total.
Source: Web Retailer Blog
Payment acceleration service Payability has been profiled on the Web Retailer Blog.
The feature explains how Amazon marketplace sellers can get their sales proceeds the next day by using Payability.
This innovative service takes the age-old practice of "factoring" and offers it online to Amazon sellers at competitive rates.
Source: Web Retailer Blog
Payment acceleration service Payability has introduced a new service called Payability Instant Access.
Payability Instant Access is designed to give Amazon Sellers next-day access to their sales revenue.
Payability has been working with Amazon Vendors to accelerate payments on their purchase orders from Amazon, from a standard 30 to 90 days payment cycle to automated weekly payments.
Although Amazon Sellers are paid within weeks rather than months, Payability can enable next-day payments providing near-immediate access to the cash from their sales.
Faster payouts enable sellers to reinvest their sales into more inventory, more quickly.
Cash flow solution Payability has partnered with Amazon to provide financing to startups on Amazon's Launchpad program.
Amazon Launchpad launched a year ago, and has worked with over 100 leading venture capital firms, startup accelerators, and crowd-funding platforms to help more than 1,000 startups launch products in the US, UK, China, Germany, and France.
Payability enables faster payments for startups selling to large retailers like Amazon.
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The Supplier Says
Your earnings, faster
What would you do if you had your outstanding marketplace revenue today instead of waiting weeks? Buy more inventory? Ramp up sponsored ads? Take your business to the next level?
With Payability, eCommerce Sellers receive their payment daily instead of waiting weeks to get paid.
With faster payments you can:
- Buy more inventory: Replenish inventory with fast payments for your sales
- Launch new products: Use cashflow to invest in new products to grow your sales
- Negotiate better deals with suppliers: Pay faster and get discounts from suppliers
Unique features of Payability:
- Next day payments: Sell today, get paid tomorrow
- Fast: Same day bank transfers from Payability to you
- Simple signup: Get approved and have cash in your bank account within 24 hours
- No credit checks: Simply an analysis of your Tophatter performance and standard public record checks
- No debt: and no repayment
- 2% cash back: Earn 2% cashback on the pre-funded Payability Mastercard!
- Flexible: Financing that scales with your business
Start your application online today or contact the Payability team at 646-494-8675 or firstname.lastname@example.org
Sign up with Payability to get faster payments and never miss an opportunity because of cash flow again! Payability, 18 April 2018