Many sellers doing online arbitrage on Amazon or dropshipping through Shopify have a common problem when volumes increase. Regardless of whether you order the products supplied from the supplier in bulk or not, you need a certain credit card limit to supply the product sold in this process.
Financing solution for sellers selling on marketplaces
It is necessary to supply the product sold somehow, and when orders begin to increase, the volume that can be made with cards in Turkey is limited due to the increasing value of the dollar.
At this point, financing is needed to expand your business. If cash flow, i.e. credit card limits, limit you, getting support from a funding program as plan B may be a good way out for you.
Merchants engaged in global e-commerce (Amazon and Shopify operators) have recently begun to receive support from a platform that will meet their financial needs. Payability , provides financial support to Amazon and Shopify store owners.
For more information, payability.com here and submit your application.
If you have an Amazon or Shopify store, you can participate in Payability if you are eligible, regardless of your credit score. Once your account is approved, you can connect your store to Payability.
What is Payability?
Payability is a financing company designed specifically for marketplace sellers using platforms such as Amazon, Shopify, Walmart, Tophatter, NewEgg, Etsy. Payability is a platform that understands the cash needs of online merchants and produces solutions to overcome them. With Payability, you can grow your business faster and more sustainably. More than 2,500 merchants using Payability are claimed to have grown their business 2.5 times faster than their competitors.
Payability is an Usan company based in New York. It is a large-scale structure that also has a branch in Poland. To get more information about Payability, you can visit their website and contact them through the contact page to get detailed information.
If you need this type of loan, apply immediately and try your luck for approval.
What are the Easy Financing Solutions Offered by Payability?
When you need a large lump sum of cash or want to use your balances in the marketplaces faster, payability produces solutions that will relieve you.
Now let's take a closer look at these solutions:
Payability Instant Advance
Payability provides you with bulk cash by purchasing your receivables up to $250,000 in the marketplace in cash and at a discount. You can use this to make large stock purchases or invest in other areas of business growth.
Payability Instant Access
The Payability instant access option pays you your marketplace revenue one business day after you make a sale. In this way, the balance in your account will be delivered to you without waiting for the transfer period to your bank.
The Payability Seller Card
You get a credit card that you can use wherever Visa is accepted, including weekends and holidays.
When you sign up for Payability, you're not limited to using just one of the three solutions above. Many marketplace sellers use these three solutions together to grow their business. Unlike other financing options, Payability does not care about your credit score. Additionally, the platform does not require bank account statements or tax documents when applying. Approval is based on account health and sales performance, so implementation is seamless. If you have a good turnover and good sales volume, your account can be approved for financing within 24 hours.
Frequently Asked Questions and Answers
What are Payability Instant Access Commission Rates?
Payability charges a flat commission of 2% of your gross sales. For example, if you're an Amazon Seller who qualifies for a special 2% fee and your gross sales are $10,000 in a pay period, you'll pay a $200 fee to receive daily payouts the next day.
When Are Payments Made?
If your account is deemed suitable, it will be approved in less than 24 hours. Once the fund is defined and your account is verified, the previous day's payments are transferred to your Payability account every morning. Your balance transferred to your account is uploaded to your panel, ready for you to spend immediately on your Seller Card or transfer to your bank account.
What are the Approval and Participation Conditions?
To meet Payability's minimum requirements, you must be making over $2,000 in sales each month, have a 90-day sales history, and have good sales track record.
Does it Approve to Non-US Sellers and Citizens?
Yes, it approves. If you have an llc in your country, sell on Amazon.com, and have a bank account from which you can receive USD, you will receive approval if you are deemed eligible.
Note: We do not have any partnerships with Payability. We just wanted to provide information by researching this company and writing a short review on the questions of how to get a loan from global e-commerce entrepreneurs. For details and application, you can access their websites by clicking here .
3 Comments . New Comment
This is a great article for those who will need it, thank you. (I closed my company for other reasons. I do not need this information right now. But I thought I would write a thank you so that the comments would not remain empty.)
You have truly written a legendary article. You are wonderful, thank you for your pen and effort!
Thank you, we hope it will be useful.