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Reviews 443
YW
Jan 19,2017A great company to work with, great customer service
4everfunky.com
Jan 15,2017Honest, good customer service.
Dee Grace
Jan 13,2017So far I've been using Payability service for a month now and I'm definitely enjoying my frequent cash flow that I'm able to request and deposit into my bank account daily vs every two weeks! It allows me the ability to make more purchases on items I source and sell. They also have excellent customer support as well, they are quick with answering all my questions in a timely manner. Check them out, they just might be the financial relief answer to your online business needs?
Anthony
Jan 13,2017I'd like to share my experience as it may help you decide if you want to move forward. Unlike most Amazon stores, I keep very little inventory on hand. Instead, I list the inventory my supplier has on hand (over 24,000 items) via their inventory feed and as it sells daily, I am able to make purchase orders with my suppliers to be shipped to be the next day. I then ship the items out to the customers. This allows me to have almost no risk in buying inventory that won't sell. Because of my business model, and increased sales, my working capital was thinning. You know if for some fluke I then have 4 to 5 times the sales I did the previous payout, was causing me to dish out the money from my pocket and pay myself back. Payability allowed me to cash in the $$ I had already accumulated for a small fee. Yes, there is a reserve, but and a fee. The reserve is lifted once the disbursement is made. And with the fee, they offer options to earn 2% cash back. Overall this helped me stretch cash flow and grow my business at an even faster rate than it was growing before. The sales team is very nice and fast to answer questions.
Zu Wee
Jan 13,2017I can't heap enough praise on Payability or the service they offer! We signed on like 6 weeks ago and last night my wife and I realized that neither one of us knew when our next Amazon payday was because for the last 6 weeks EVERY DAY has been payday! LOL! If you're an Amazon seller, you know what it's like only getting your sales money released to you twice a month. Payability puts an end to that! With Payability, you get access to 80% of your Amazon sales money right away and 20% on your usual Amazon 'payday'. The remaining 1% is paid to Payability as a one-time fee. The application process is a bit much to take in. If you're an untrusting person, you might be swayed by posts made by other people telling you to 'stay away'! I saw several posts dismissing Payability as a 'payday loan' or predatory lender of some sort. I'm assuming those are the same folks that scoff at everything or they just didn't even LOOK at the details. There is no 'lending' going on here. Here's how it works. Let's say 1. You do 1000 in sales on Amazon on Monday. 2. On tuesday morning, Payability logs into your Amazon account and downloads your sales. 80% of those monies are IMMEDIATELY available to you in your Payability account. The other 20% are held in reserve. You can initiate a transfer of the 800 available dollars right away. If you initiate that transfer by 3:30pm eastern, it will likely be in your bank by the NEXT DAY. The remaining 200 dollars of your sales for monday are placed into your 'reserve account' at Payability. 3. On Tuesday, you do 2000 dollars in sales on Amazon. So Wednesday morning (around 9am) Payability logs into your account, records your sales, places 1600 dollars into your 'available funds' account and another 400 dollars into your reserve account (which is now at 600 dollars). And so on, and so on, and so on. There are a few things that have to happen for this business model to work. You are going to have to create a user (a SUPER USER actually) for Payability in your Amazon account. You will need to give them FULL ACCESS to your Amazon account. They need this for several reasons. They need to be able to log in and see your sales numbers for one thing. How can they buy your receivables if they don't know how much you have in receivables? Also, you will need to set the bank account information at Amazon to reflect Payability's bank. Amazon will no longer be making payments to YOUR bank. Honestly, yeah, I was a little hesitant at first. But I took the plunge and I'm glad I did. It's a small company. Their support has been infinitely friendly and patient, and most importantly, when we crunched the numbers this week, they all seemed to be dead-on. The only difference was that we had access to our money the whole time. Well that, and the fact that our Amazon payday is now able to sneak up on us instead of us waiting for it!
Deb
Jan 12,2017Overall, I have been very satisified with Payability. The system updates daily and if I transfer funds in the morning, I usually have them in my account by that evening. The layout of the purchases, charges and fees is a bit hard to decipher. I try to leave enough in the reserve so I don't worry about not having enough. I am new to the whole system, so perhaps time explains how it all operates.
SOK Sports
Jan 12,2017Payability is a service that has been needed for a long time. So difficult for small business to wait 2 weeks to receive funds. Payability gives us daily access to our Amazon money for small fee and we have been able to get more inventory in. Big help and their customer service is superb!! Would recommend to anyone
Jacob Reddish
Jan 11,2017As the title says... fluidity! If you have a fast rotating stock on a third party platform, this allows you to get your funds immediately instead of on a payout schedule... this means you can order more shipments of stock sooner, which hits the shelf sooner, which makes $ faster. It provides the leverage boost of a loan, but without the credit hit or the risk (since payability only charges you based on what you sell, if a meteor hits your warehouse and your inventory explodes you don't owe a ton of money unlike a bank who would say something like "tough luck kid, pay me". Simple and clean site makes getting funds a breeze and the developers are actively working on upgrades to the system.
Phylicia Phee-Phee Chapman
Jan 08,2017I used to have little rushes of sales, and then shut down my store when my cash flow got so low that I could not afford additional inventory. I would then wait until Amazon paid out 17-18 days later, and then start the cycle all over again. Since starting with Payability I have not had to shut my store down. I can quickly turn the money over and invest in more inventory before I sell out of my preexisting inventory and my sales have quadrupled already and its only been a couple of months. To say I'm happy with them is an understatement. I'm overjoyed, relieved, and grateful that they have made it possible for me to reach my sales goals faster than I thought possible with the limited funds I began with.
Eric Y.
Jan 05,2017No Response & unexpected stop of business after 1 year of partnership
Nicholas Fegurgur
Jan 05,2017Ive been using their service for 2 months now and I'm glad i have. Been able to take advantage of quarter 4 getting the funding i need to invest in more product getting them into amazons wharehouse faster, instead of waiting for amazon to pay me in 2 weeks. In every business you have expenses, this is minimal if you want to scale faster. No problems so far and they are quick to respond to questions.
Andrew Pasley
Dec 29,2016Awesome, great customer service.
Chad
Dec 29,2016Payability is been very helpful over the last month since I started the program if you have a high turnover rate it allows you to buy more inventory faster because you have funds available within 24 hours after the transfer highly recommended for businesses was high inventory turnover.
Andrew L. Pasley
Dec 23,2016Great customer service. Deposits are on time. Great for building FBA capital.
amazon seller
Dec 20,2016i was nervous about using this service but a trusted friend of mine uses it and i signed up and 1 month in im loving it
Rae Arora
Dec 20,2016Working with Payability has been great. The service they provide is perfect, it has helped our cash flow and has given us a new tool as we continue to grow in e-commerce. We are especially grateful to Alison and Susan from the Payability team, they were great about follow-up. I highly recommend Payability, and am happy that we are working with them.
Jon Rush
Dec 16,2016Using Payability advance funding has had a huge impact on our ability to purchase inventory faster during the busy holiday shopping season. It is a very simple process and works just as they describe. Very much worth the cost of the service. Highly recommended!
Sergiu Brinza
Dec 16,2016I have been using Payability for a little over a month now and my business already grew up as I am always getting more and more inventory and never run out of money like I used before! It's a great website for those who don't have access to a loan or a credit line! No more counting days until Amazon transfers the money over to my account, sell today, get the money as soon as tomorrow!
Doug
Nov 22,2016A pleasure to work with and willing to compromise on certain issues for the clients best interests. Has allowed our business to scale rapidly and aggressively. Because of our partnership we can achieve over $20M in sales this year.
61 Broadway, Suite 1115, 10006, New York, US
https://www.payability.com
Craig Re
Jan 19,2017I like the philosophy of their idea, and the fact that I get paid everyday, well it moves my business forward. If all stays well, I will be very happy. Thank you.