Avoid Delayed Disbursements with Payability
Every Amazon seller looks forward to their next disbursement. But what if you sell a high ticket item and can’t wait until the next payout? According to several resources, Payability is a perfect solution.
Payability is the latest trend in the seller sphere. This unique service allows US based sellers and vendors to receive their Amazon disbursements immediately – no need to schedule around the next payout any longer. It sounds too good to be true, so we dug into this service a bit deeper.
This innovative payout program for Amazon sellers tackles one of the major problems of scheduled disbursements: holding up the growth of their business. When a seller has several thousand dollars pending in their Amazon account, it’s frustrating because those funds can’t be turned over to invest in more inventory right away. Furthermore, we all know the risks involved when funds lie in your seller account: if a suspension comes out of nowhere, those funds will be frozen.
Payability for Marketplace Sellers
Payability eases the cash flow problems Amazon sellers and vendors face due to delayed payouts, providing a “factoring” service to help them get their funds on a daily basis. This feature then allows sellers to scale their businesses more quickly and avoid the waiting game involved with delayed disbursement dates.
Heres how it works: each day, Payability checks the previous day’s sales on your seller account. They call this a “factoring” system, and it checks the sales over the past day to calculate 80%. This 80% is immediately paid out to the seller. The remainder of the funds are sent on your regularly scheduled disbursement date. Of course, the engineers behind Payability have to profit also, so there is a 2% rate for the service. Sellers also have the option to transfer funds to a card provided by Payability.
Faster Payouts for Amazon Vendors
Amazon Vendors have an even longer delay for their payouts, with traditional schedules of 30, 60 or 90 days. This makes less sense because Amazon Vendors are high volume sellers who need to pay suppliers – if they are not receiving the funds from their Amazon sales appropriately, this can cause quite a problem. Payability allows Vendors to receive their payouts at a rate of 0.5% every few weeks. The dates are chosen based on the current disbursement schedule for a particular Vendor.
Is Payability Amazon Compliant?
We’ve heard many sellers express concerns about third party service providers and the possibility of Amazon seller account problems due to user logins. How does this factor in when it comes to Payability?
Payability keeps their service compliant by adding only users “@payability.com”. This is the safest way to create user logins within Amazon’s TOS. So, overall, this seems like an effective, safe option for granting account access without worrying about your account’s safety.