📈 How Payability Can Help Amazon Sellers Boost Their Business
As an Amazon seller, you know how important it is to have cash flow to keep your business running smoothly. However, waiting for Amazon to pay out your sales can be a frustrating experience, especially during the busy Q4 season. That's where Payability comes in. In this article, we'll explore how Payability can help you grow your Amazon FBA business and take advantage of the massive Q4 opportunity.
💰 What is Payability?
Payability is a financial technology company that provides working capital solutions to e-commerce sellers. They offer two main products: Instant Access and Instant Advance. Instant Access is a daily payout service that provides sellers with their Amazon sales revenue the next day, instead of waiting for Amazon's bi-weekly payout. Instant Advance is a financing service that provides sellers with a lump sum of cash based on their future sales.
🚀 Why Use Payability?
There are several reasons why Amazon sellers should consider using Payability:
1. Cash Flow
Cash flow is the lifeblood of any business, and Amazon sellers are no exception. With Payability's Instant Access service, you can get paid every day instead of waiting for Amazon's bi-weekly payout. This can help you manage your cash flow more effectively and take advantage of opportunities to purchase additional inventory.
2. Q4 Opportunity
Q4 is the busiest time of the year for Amazon sellers, with sales expected to exceed $85 billion in 2020. This presents a huge opportunity for sellers to grow their business, but it also means that cash flow can be a challenge. Payability's Instant Advance service can help you take advantage of this opportunity by providing you with the working capital you need to purchase additional inventory and grow your business.
3. No Credit Checks
Unlike traditional financing options, Payability does not require a credit check. Instead, they base their approval process on your account health and previous sales performance. This means that even if you have less-than-perfect credit, you may still be eligible for financing.
4. Fast Approval
Payability's approval process is generally very fast, with some approvals happening as quickly as within 24 hours. This means that you can get the working capital you need to grow your business quickly and without a lot of paperwork.
📝 How to Get Started with Payability
Getting started with Payability is easy. Simply visit their website and sign up for either Instant Access or Instant Advance. You'll need to provide some basic information about your business, including your Amazon seller ID and bank account information. Once you're approved, you can start receiving daily payouts or a lump sum of cash based on your future sales.
🤔 Pros and Cons of Payability
Like any financial product, Payability has its pros and cons. Here are some of the key advantages and disadvantages to consider:
Pros
- Daily payouts can help you manage your cash flow more effectively
- Instant Advance can provide you with the working capital you need to grow your business
- No credit checks means that even if you have less-than-perfect credit, you may still be eligible for financing
- Fast approval process means that you can get the working capital you need quickly and without a lot of paperwork
Cons
- Payability charges a fee for their services, which can be higher than traditional financing options
- Instant Advance is based on your future sales, which means that if your sales decline, you may have trouble paying back the advance
- Payability is not available in all countries, so some sellers may not be eligible for their services
🌟 Highlights
- Payability is a financial technology company that provides working capital solutions to e-commerce sellers
- They offer two main products: Instant Access and Instant Advance
- Instant Access provides sellers with their Amazon sales revenue the next day, instead of waiting for Amazon's bi-weekly payout
- Instant Advance provides sellers with a lump sum of cash based on their future sales
- Payability's approval process is based on your account health and previous sales performance, not your credit score
- Payability charges a fee for their services, which can be higher than traditional financing options
- Payability is not available in all countries
❓ FAQ
Q: Is Payability only for Amazon sellers?
A: No, Payability also works with sellers on other e-commerce platforms, including eBay and Shopify.
Q: How much does Payability charge for their services?
A: Payability charges a fee for their services, which varies depending on the product and the seller's sales volume.
Q: Is Payability available in all countries?
A: No, Payability is currently only available in the United States, Canada, and the United Kingdom.
Q: What happens if my sales decline and I can't pay back the Instant Advance?
A: Payability works with sellers to come up with a repayment plan that works for both parties. However, if you are unable to repay the advance, Payability may take legal action to recover the funds.
Q: How long does it take to get approved for Payability?
A: Payability's approval process is generally very fast, with some approvals happening as quickly as within 24 hours. However, the exact timeline may vary depending on the seller's account health and previous sales performance.
