What’s the catch? It says “for free” but I don’t think it’s free.
I would be careful, they usually charge a 4% fee, we got it down to 3%
How it works is the have your full amazon balance in their dashboard which is essentially there money then lend it to you, lets say you had you nothing to disburse out of out amazon but you want to get some funds out but you can’t as it is not available you can get it from their dashboard and pay a fee.
As there are an American company you payments are also delayed unless you use there instant payout which is another 1% fee on top of the fee you are already paying, so lets say you withdraw from amazon on a Monday you usually get it on a Wednesday morning, with payability you wont get it till late Wednesday night.
Also if you use any of their funds for example you had 10k in amazon and you used 5k of their funds, the next 5k of your payouts you will not see that money as it essential paying them back so again expect to be even more delayed.
We tried them for 2 weeks and cancelled it straight away as it set us back like 2 weeks.
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Thanks for the advise!
I used it in 2020 and that time they charged 2%
In general I’ve heard avoid
You’ll probably get mixed opinions because experiences with Payability seem to depend a lot on the business model and sales channels.
From what I’ve seen, people generally like the faster access to funds, especially if they’re selling on marketplaces and need better cash flow for inventory. On the downside, the fees can add up, so it’s worth comparing the total cost against other financing or payment solutions before committing.
If you’re processing payments across different regions rather than just looking for funding, it’s also worth comparing dedicated payment providers. For example, if your customers use mobile wallets, having support for JazzCash merchant payments can sometimes be more relevant than using a financing service.