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Payability Review
What is Payability?
Payability is a New York-based financing firm offering cash flow solutions for eCommerce sellers. They are able to create fast and simple financial solutions that help sellers address cash flow gaps and erratic amounts of working capital.
Payability offers an expertly engineered application that lets Amazon sellers get next-day access to their Amazon earnings, so they won’t need to wait weeks for their cash. Fully scalable and easy-to-use, this solution allows businesses to replenish their inventory faster, avoid stockouts, and stay longer in the Buy Box.
They service a wide range of businesses, from Amazon sellers doing $2000/month to over $1 million/month. A reduced pricing is available for sellers doing $50,000 or more a month in gross sales not $100,000+.
Show MoreOverview of Payability Benefits
Payability is a modern-day financing solution that enables quick access to earnings for eCommerce sellers on Amazon and other online marketplaces. Great for small firms and large corporations alike, this program will help you get a steady cash flow to fund your business more efficiently. Among the benefits you can reap by using this application are:
Speedy Transactions
Payability transfers your earnings via Same- Day ACH or Wire. This means you can skip the 14-day payment delays and get access to your earnings on a daily basis. Through this, you can pay suppliers faster and even get discounts from wholesale purchases, helping you lower costs and increase margins.
For your peace of mind, Payability has a fast approval process that is based on your Amazon account health rather than credit. This sets it apart from term loans and financing options that require plenty of documents and a lengthy verification process.
Scalable Cash Flow
Taking advantage of big opportunities and keeping your inventory fully stocked at all times can be difficult if you have erratic income. This is why Payability lets you get hold of your earnings daily to help you scale your cash flow. They gives you access to your income in real-time, helping you get a consistent financing source that scales at the speed of your business. With faster access to cash, you can make investments as opportunities arrive and buy inventory at optimal times.
Risk-Free Financing
Filing for traditional loans and relying on credit cards can be risky. These can easily bury you in debt if your business is unable to make enough money to pay for the expenditures. By using Payability with your eCommerce business, you will be able to fund your business using your own money instead of someone else’s.
Continuous Growth
Having products on-hand at all times can significantly speed up your lead times and keep you in the Buy Box. However, with Amazon’s 14-day delays on payouts, it can be difficult to keep your inventory full. To make sure that you always have enough money to fund your business, Payability makes your income more predictable by making your earnings available for use every day.
Show MoreOverview of Payability Features
- Daily Online Payments
- Direct Fund Transfers to Bank
- Payability Mastercard
- Quick Access to Cash
- Account Health Review
What Problems Will Payability Solve?
Scaling Your Business Quickly
Small to medium sized sellers with limited access to financing need daily cash flow on an ongoing basis to keep inventory in stock, avoid stockouts and scale their businesses faster than they would with bi-weekly payments.
Taking Advantage of Big Opportunities
Sellers use Payability to get the fast cash they need take advantage of seasonality or other big opportunities such as Prime Day, Q4 or a chance to stock up on lots of inventory at a low cost. It’s faster, simpler and free from the risk involved with other financing solutions such as term loans and credit cards.
Shortening Lead Times
Wholesale and private label sellers who order large amounts of inventory from China use daily cash flow to shorten lead times and cut deals with suppliers. When you only have one or two products, getting paid every two weeks or so might work. But, once you start adding more and more products, you find yourself having to pay different people at different times.
With daily payments sellers always have the cash they need to purchase inventory when they need it. If they need to wait another week or two to get paid and purchase inventory, they could lose their spot in the line and have to wait even longer to get new inventory which could result in a stockout or missing out on a seasonal opportunity such as Q4 altogether.
Having cash gives sellers bargaining power. By volunteering to pay suppliers right away, sellers are able to cut deals with their suppliers for free shipping, 10% off, etc.
Payability Position In Our Categories
Since companies have distinctive business wants, it is wise that they steer clear of preferring an all-encompassing, “perfect” solution. Nevertheless, it would be almost impossible to come across such application even among well-known software systems. The sensible thing to do should be to write the varied important aspects that merit research such as essential features, costing, technical skill levels of staff, company size, etc. Then, you must perform the product research systematically. Have a look at these Payability evaluations and scrutinize each of the software products in your shortlist in detail. Such comprehensive research ensures you keep away from poorly fit apps and buy the one which meets all the benefits your business requires to achieve growth.
Position of Payability in our main categories:
TOP
100
Payability is one of the top 100 eCommerce Platforms products
If you are interested in Payability it might also be beneficial to examine other subcategories of eCommerce Platforms listed in our database of B2B software reviews.
It is essential to keep in mind that almost no app in the eCommerce Platforms category is a perfect solution that can match all the goals of all business types, sizes and industries. It may be a good idea to read a few Payability eCommerce Platforms reviews first as certain solutions might perform well only in a very narrow group of applications or be created with a very specific type of industry in mind. Others can work with a goal of being easy and intuitive and therefore lack complex functions needed by more experienced users. You can also find software that support a large group of users and provide a powerful feature set, but this in most cases comes at a more expensive price of such a software. Be certain that you're aware of your needs so that you get a solution that provides specifically the features you look for.
How Much Does Payability Cost?
Payability Pricing Plans:
Free Trial
Payability
Flat fee of 2% from your Amazon sales
What are Payability pricing details?
Payability Pricing Plans:
Free Trial
Payability
Flat fee of 2% from your Amazon sales
Payability does not offer any pricing plans. Instead, they charge a flat fee of 2% from your Amazon sales. It is not assessed as an interest rate and there are no origination fees or application fees. They will simply advance 80% of your Amazon payout every day, with their fee already deducted, and the remaining 20% will be given on the typical Amazon payout schedule.
However, they require that you sell at least $2000 monthly and have over 90 days of selling history on Amazon before you apply.
For large enterprises earning over $100,000 a month, Payability offers special rates that are available by-quote.
User Satisfaction
Positive Social Media Mentions
36
Negative Social Media Mentions
1
We are aware that when you choose to get a eCommerce Platforms it’s important not only to learn how experts rank it in their reviews, but also to discover whether the real clients and businesses that use it are actually happy with the service. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Payability reviews across a wide range of social media sites. The information is then presented in an easy to understand way revealing how many people had positive and negative experience with Payability. With that information available you should be prepared to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Payability?
- Amazon.com
- Tophatter
- Shopify
- Walmart
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