What is the Invoice Payment Method? Invoice Payment Method Review

What is the Invoice Payment Method? Invoice Payment Method Review
In May 2018, Amazon notified sellers that Amazon Business (B2B platform) will introduce a new payment method, namely, providing corporate buyers with a PBI (pay by invoice) method, allowing buyers to defer payment for orders. This new payment plan will take effect for third-party sellers on August 8. Target Amazon Business Effective Date August 8, 2018


Email Content

How to use

Amazon Business buyers must go through some review before being approved to use the invoice payment method.

Collection cycle

Amazon says that "once the buyer's payment is complete, the payment for these orders will be credited to the seller's account's available balance no later than 7 days after the invoice is due."

Amazon also offers sellers an option to speed up payment (Get Paid Faster), but this is paid: sellers need to pay 1.5% of the total invoice order amount as a processing fee. If the seller chooses this option, he can get the order payment credited to the available balance of his Amazon sales account immediately after shipment.

set up

The order details page in Seller Central has a new "Payment Method" field. The "Invoicing" category below this field will display all orders paid by invoice, and a new "Payment Method Details" attribute will be added to order reports.

The “Expedited Payment” option will appear in the Account Settings page, and sellers can choose to select the “Expedited Payment” option through the new Account Settings page before “Pay by Invoice” is officially implemented.

<<:  What is the "Fashion+" project? "Fashion+" project review

>>:  What is Amazon Asin? Amazon Asin Review

Recommend

What is Meicai.com? Meicai.com Review

Meicai.com is a B2B platform for agricultural prod...

What is Jumia? Jumia Review

Jumia is the first online shopping site to launch ...

What is Amazon backlink? Amazon backlink review

Amazon backlinks, that is, if there are two pages ...

What is Spredfast? Spredfast Review

Spredfast is another useful social media marketing...

What is the Amazon Appstore? Amazon Appstore Review

The Amazon Marketplace Appstore is designed to mak...

How to write a high-response email for influencer collaboration

After you have identified the influencers you want...