How to Apply for Amazon Pay by Invoice
Amazon Pay by Invoice is a popular payment option offered by Amazon, allowing businesses to offer their customers the flexibility to pay for their purchases at a later date. This payment method is particularly beneficial for businesses that cater to other businesses or for those that sell products and services that require larger invoicing.
If you are a business owner looking to offer Amazon Pay by Invoice as a payment option, follow these simple steps:
Step 1: Create an Amazon Business Account
To get started, you will need to create an Amazon Business Account. This account will allow you to access various features and benefits specifically designed for business owners.
Step 2: Verify Your Business
To use Amazon Pay by Invoice, you will need to verify your business. Amazon requires certain business information, such as your legal business name, business address, and tax identification number. This verification process ensures that only legitimate businesses can use this payment option.
Step 3: Set Up Your Payment Account
Once your business is verified, you will need to set up your payment account. This involves providing your banking information and agreeing to the terms and conditions regarding payments and fees.
Step 4: Enable Amazon Pay by Invoice
Once your payment account is set up, you can enable Amazon Pay by Invoice on your seller account. This option will allow your customers to choose this payment method during checkout.
Step 5: Customize Your Invoice Settings
To ensure a seamless experience for your customers, customize your invoice settings to reflect your branding and business information. This includes adding your logo, business address, and any additional details you want to include on your invoices.
Step 6: Start Accepting Payments
With Amazon Pay by Invoice enabled and your invoice settings customized, you are ready to start accepting payments. Your customers will now have the option to choose Amazon Pay by Invoice as their preferred payment method.
Frequently Asked Questions (FAQs):
1. How long does it take to get approved for Amazon Pay by Invoice?
The approval process typically takes a few business days once you have provided all the necessary business information.
2. Can I offer Amazon Pay by Invoice internationally?
Yes, Amazon Pay by Invoice is available for international sellers as well.
3. What are the fees associated with Amazon Pay by Invoice?
You will be charged a transaction fee for each payment made using Amazon Pay by Invoice. The fee varies based on your business location and the invoice amount.
4. Can I customize the payment terms on invoices?
Yes, you can customize the payment terms, such as due date and payment period, to suit your business needs.
5. Can I still offer other payment methods alongside Amazon Pay by Invoice?
Yes, you can offer multiple payment methods to your customers, including credit cards, PayPal, and Amazon Pay by Invoice.
6. Can customers pay invoices in installments?
No, customers are required to pay the full invoice amount by the specified due date.
7. How can customers view and pay their invoices?
Customers can view and pay their invoices on their Amazon account under the “Your Orders” section.
8. What happens if a customer fails to pay their invoice?
If a customer fails to pay their invoice, Amazon will provide assistance in collecting the payment. However, it is advisable to establish clear communication and reminders with your customers to avoid such situations.
In conclusion, offering Amazon Pay by Invoice can be a valuable addition to your business’s payment options. By following the steps outlined above, you can easily apply for this payment method and provide your customers with the flexibility they desire.