If you are like me and always looking to expand your business, you have probably run into cash flow issue’s as well. Capital has been the biggest bottleneck for my business since the beginning. I am always ready to invest in new products as soon as I have enough capital. However, as an Amazon Seller, I only get paid out every 2 weeks. Some older Amazon accounts have daily payouts grandfathered in. If you have one of these old accounts you are very lucky.
Luckily for the rest of us, there is a solution! With Payability you can request daily payments from your Amazon account!
How does it work?
- You link your Amazon account with Payabilty Instant Access.
- Payabilty will then check the balance of your Amazon account on a daily basis.
- Through Payability you can now request between 80 – 90% of your balance as a payment.
Payability knows that you will be paid out your balance in 2 weeks. So they are willing to give you an advance on this.
In order to start using Payability as an Amazon seller you have to:
- 90 days of sales history.
- minimum of $2,000 revenue per month.
Payability Fee’s & costs
The fee for the daily payout program they offer is between 1% – 2%. This depends on if you are an establish seller or a new seller.
Payability Credit Card
Payability also offers a seller with 2% cashback. This is awesome since the max fee on the instant acces (daily payments) service is also 2%. So if you manage to fully utilise the seller visa card you can pretty much use the instant acces service for free.
Payability for Amazon UK
Payability accepts customers all around the world, also from the UK. However, they only offer the daily payout program to Amazon.com sellers, not Amazon.co.uk sellers.
They also work with other platforms like:
Daily Amazon Payments for Sellers: Is it worth it?
This fully depends on your situation. But for me, yes. If have a successful FBA business you should always be looking to expand. As soon as capital became a bottleneck for my business I started looking for financing. Having daily Amazon payments is a great solution for this.