We advance you money todayon your ecommerce sales. We earn our money by taking a small fee
- Don't wait to get paid for product sales
- Reinvest in more product immediately
- Payments within one hour via PayPal
- Same day payments by wire or next day by ACH
- Flat rates on cash advances
- No monthly minimum fees or charges
- No termination fees, no long term contract
- High credit limits for your customers
- Online portal for all account management
- Your own dedicated account executive
Questions? We'd love to answer any you might have.
Or you can get started immediately with our very short online application.
What is Invoice Factoring for Ecommerce Sellers?
Invoice factoring is when we advance you money on your invoices that are due in the future. This lets you get paid immediately. We handle collections and all the administrative work involved. For providing this service, we take a small percentage (2-5%, depending on the specifics of the invoice we are funding). This is similar to how credit card processing works. This is helpful for businesses because if they had money now, they could reinvest it faster.
How does this help you as product seller?
Let's say you sell your product on a portal like Amazon or Houzz. Amazon pays up to 14 days after the product has been shipped. Some portals pay up to 30 days later. Instead of having to wait for the money in order to buy more product to sell, you could get paid immediately.
For example, you sell a piece of furniture that costs $5,000. If you had the $5,000 immediately, you could buy more products, buy more traffic, make payroll, or whatever else you do to reinvest in your business. If you factor the invoice for this purchase with us, we will send you $4,000 today. When you are paid, we take around $150 as our fee, and send you the remaining $850.
How do you get started?
We have a very simple and streamlined application process. All we want to determine is that you know what you are doing and that your sales are legit. You fill out a credit application and provide us with a few details about your business. Your credit score does not have to be very high, but you do have to be honest. If you'd like, you can speak to one of our account executives before you fill out the application and they will answer any questions you may have. Once you are approved, you can receive invoices the very same day.