Get Paid the Same Day Invoices are Uploaded to the Zulily Portal
Zulily Vendor Factoring: Upload invoices to the Zulily Portal and get paid the same day when you factor invoices with us instead of waiting 60-90 days for Zulily to process your ACH or credit card payment.
One of the benefits of selling on Zulily is gaining exposure for your products and brand to millions of loyal Zulily shoppers. It’s a great opportunity for vendors whose target markets patronize the Zulily website or app. One of the few drawbacks for vendors considering selling on the platform are the lengthy payment terms.
The Zulily vendor experience includes a wait of 60-90 days for payment following a sales event held on the Zulily platform; but it doesn’t have to. As a Zulily vendor, you can use our vendor factoring services to bypass the wait, and get paid on the same day you upload an invoice to the Zulily portal.
Here’s how it works. Hold your Zulily sales campaign, then as instructed in the FAQ portion of the Zulily vendor guide at portal.zulily.com/blog:
- Receive a PO (purchase order) from Zulily, ship your goods and provide tracking to Zulily
- Go to the Invoices section of the Zulily vendor portal and generate an invoice
- Factor the invoice with us and get a same day ACH advance of up to 98% of the invoice amount
- After Zulily has submitted payment 2-3 months later, receive any amount held in reserve against payment
It’s that simple.
Cash in hand, you can stay focused on growing your company, hold new sales campaigns, restock more quickly or fill bigger orders. When you have to wait 2-3 months to get paid, it could slow or even stall your growth momentum.
For companies that invoice customers on terms and wait on payments, any opportunities lost due to inadequate cash flow are what is known as “opportunity cost.” Since Zulily sets the payment terms for its vendors, you can’t make them pay you more quickly, but you can factor Zulily vendor invoices with us and receive payment on day 1, instead of day 60 or day 90!
Here’s how the Zulily vendor factoring process works:
Generate an invoice on the Zulily portal. Factor the invoice with us and get free same day funding on an advance up to 98% of the invoice amount for a small fee (called a factoring fee).
$25,000 Zulily invoice generated
$24,500 Same day advance
$ 250 Factoring fee*
$ 250 Held in reserve
Once Zulily has submitted payment in full, receive any amount held in reserve.
$ 250 Reserve returned to you
A small *factoring fee (which could be as low as 1 percent of the invoice amount) is your all-in cost for expediting cash flow by factoring Zulily invoices instead of waiting for Zulily to remit payment on your invoices 60-90 days after your invoice has been submitted.
Choosing DB Squared as the business you partner with for Zulily vendor factoring services comes with many benefits, speeding up cash flow is just one. When you factor invoices generated in the Zulily portal with us instead of waiting 60-90 days to get paid, you can expect:
- Low factoring rates – fees as low as 1%
- Competitive advances – as high as 98%
- Free, same day ACH funding
- No long term contracts
- No factoring minimums – factor only the invoices you choose
- No hidden fees or penalties
- Free online credit checks on customers or prospective customers
These services are delivered with great customer service by a dedicated account manager who understands your business goals. We want to earn your repeat business and referrals, so we don’t require you to commit to long term contracts or monthly minimums – you stay in control. Factor only when you choose, when it’s in your company’s financial best interests.
Request a free, no-obligation quote by contacting us online or calling us at 866-855-3640.