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, 2018Email ContentHow to useAmazon Business buyers must go through some review before being approved to use the invoice payment method. Collection cycleAmazon 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 upThe 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. |
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