Author Topic: Pay by Invoice Started Today 8/8/18  (Read 36 times)

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uncleleroy

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Pay by Invoice Started Today 8/8/18
« on: August 08, 2018, 09:53:22 PM »
Introducing Pay by Invoice with Guaranteed Payments

As previously announced, we are now offering Amazon Business customers the “Pay by Invoice” payment method. Pay by Invoice gives qualified Amazon Business customers the option to receive an invoice with an extended payment due date. Pay by Invoice represents a new growth opportunity for sellers by encouraging Amazon Business customers to use the Amazon Marketplace as their primary channel for B2B purchases.

What does this mean for you?
As a seller on Amazon, you do not need to do anything to make your items available for purchase by Amazon Business customers using Pay by Invoice. Your products will automatically become available for invoiced purchasing with no added fees or effort. Amazon will handle all aspects of the invoicing process, including credit risk assessment, billing, and collection activities. For all Pay by Invoice transactions, payment to you is guaranteed, even if the Amazon Business customer is late or defaults on their payment to Amazon.

For any invoiced orders that you receive on Amazon, your payment on these orders will be credited to the available balance of your Selling on Amazon account as soon as the customer payment is processed and no later than the 7th day past the due date of the customer’s invoice.

Get Paid Faster
We are also launching the ability for you to “Get Paid Faster” for invoiced orders. With this feature, your payment for Pay by Invoice orders will be credited to the available balance of your Selling on Amazon account immediately after shipment for a processing charge of 1.5% of the invoiced order amount. To take advantage of this option, change your invoiced order payment settings to get paid faster for all your future invoiced orders.

The invoiced order payment process is in effect starting today, August 8, 2018, although it may take longer to receive your first invoiced order due to the limited number of Amazon Business buyers qualified for Pay by Invoice.



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Re: Pay by Invoice Started Today 8/8/18
« Reply #1 on: August 12, 2018, 02:48:35 PM »
I can remember my first one of these.
I received it last December and it scared the bejesus outta me.
I wasn't expecting a payment drop.
Nor was I expecting one for that amount of money.
Had to do hella amount of searching out of why I received this payment.
I had to turn to Seller Support for the answer. 
UGH!

I haven't moved forward with the new option of choose which payment option.
Payment faster for a 1.5% charge?
Nope.
I don't receive enough of these types of payments to warrant a charge of 1.5%

uncleleroy

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Re: Pay by Invoice Started Today 8/8/18
« Reply #2 on: August 12, 2018, 06:10:07 PM »
What I can't figure out is... if Amazon is going to cover these anyways, why should I have to wait up to 37 days for my money? And why should I have to pay to get my money? Sounds like Nigerian scam somewhere in the details...

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Re: Pay by Invoice Started Today 8/8/18
« Reply #3 on: Yesterday at 11:52:19 AM »
I don't want to pay to receive my money.
They already hold my payout for 2 weeks (they earn interest, I don't).
Nope.
Not paying 1.5% to receive my own money earlier than a payout.

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Re: Pay by Invoice Started Today 8/8/18
« Reply #4 on: Today at 09:46:31 AM »
My last invoiced payment:
Disbursed to your bank account ending in 2523 on Jan 21, 2018.

I rest my case.
<taking a bow>

  

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