INVOICED ORDERS WERE SUPPOSED TO BE NET 30 BUT I HAVE ONE THAT IS NET 50 DAYS!!
IT is a shipment to a school but other shipments to schools have been net 30 so why is this net 50 days?
INVOICED ORDERS WERE SUPPOSED TO BE NET 30 BUT I HAVE ONE THAT IS NET 50 DAYS!!
IT is a shipment to a school but other shipments to schools have been net 30 so why is this net 50 days?
0 replies
Seller_kIukTwdhvntAp
Amazon decides how much of your money that they want to loan out and how long they want to make you wait until you can collect it.
It can go even longer than 50 days for their terms.
The choice is to sell on Amazon or to sell elsewhere.
If you sell here AMAZON is a loan shark collecting fees and delaying your payments at will.
Seller_HP0CuTSNvJvu9
Consider yourself lucky. I've got a few thousand dollars worth of NET 90 invoices open.
Seller_lCX40xAkSs1xm
It is dependent on the end users terms with Amazon.com
For example large companies like AB InBev can get 180 day terms.
Seller_C2NiEkAU4xTGT
I've had several that were NET 90. When you sell books, it's like you are a library.
Seller_NzEmZKTEdcpPZ
That depends on on the specific account terms that the buyer has with Amazon. In general, Amazon offers Net terms ranging from 30 to 60 days. See this link. However, Amazon used to offer up to 75 days interest-free terms in the past. Quite a few such accounts still remain and operate under those grandfathered rules. For example, we have an order dated March 18th and the payment release date marked as June 1st, making it 75 days, if my math is correct.
I'm not going to trash Amazon for using our money to lend to somebody else. I'll just give you my two cents on this subject:
To some sellers it's outrageous. To some, like me, it's, actually, just fine and welcoming. In my line of products, it's fairly common that a client asks for Net terms. However, it costs money to us to do the background/underwriting/application processing/insurance and it's both time and cost prohibitive. Amazon does all that and takes care of the costs and risks. Therefore, Net-30 is fine with me.
However, anything beyond Net-30 is not that great. It creates cash flow issues for some sellers. For example, if they bought a product from a vendor using Net-30 and sold it to a client under Net-60, then they need to come up with this amount sooner and borrow it elsewhere and pay the interest until they get the money from Amazon. And there are more and more predatory interest rates from even respectable financial institutions these days. Amazon used to have an option (perhaps they still have it, I'm not sure) where you could get paid sooner for invoiced orders by paying 1 or 2 percent fee (which is also in the predatory ballpark, I think).
Bottom line: I hope Amazon (or regulators will make them) will change this to Net-30 max, regardless of what terms they offer to their customers. That will be fair and much safer (economically) for sellers.
Seller_FwpA1naSVnywt
I think you can accelerate payments. For a price, of course.
Seller_ToPPYvOWlyp9j
Hesitate to mention this because AMZ already gets too much of our money but am enrolled in the accelerated invoice payment program, "Get Paid Faster" (under payment settings).
Costs the seller 1.5% per invoice and funds are disbursed separately from standard invoices. It's worth it to us since we don't need to keep track of Net 40, 50, 90 but....
For those of you w/ many invoices, this could be a good chunk of change. We only have 2-3 weekly at most; particularly from libraries or bookstores and they're less than $30 per.
