Amazon.com now offers payment with extended credit for corporate customers. There’s no more wondering who’s personal Amazon account and credit card businesses need to “borrow” to make a purchase. They can simply buy what they need and be invoiced for later payment.
The main benefits to businesses are:
- Extended payment terms of net 45+ days
- Credit terms on both AmazonSupply.com and Amazon.com
- Statements with invoice-level detail
- Online account management
- Dedicated customer service
To open up a line of credit with Amazon you’ll need to open and Amazon.com account and complete the Amazon credit application form. Then you’re all set to make purchases on both Amazon.com and AmazonSupply.com. You simply select your Amazon Corporate Credit Line as the payment method for your order.
This makes perfect sense and is something that eBay have never cracked. Whilst eBay have “Business Accounts” for sellers they’ve never implemented business buying accounts. Any company that wishes to make a purchase from eBay are pretty much treated the same as a consumer as far as credit terms go. Businesses don’t like paying cash up front, they like to be invoiced and let the accounts department take care of payments.
Business credit accounts make perfect sense and in conjunction with the newly branded AmazonSupply website Amazon are set to grab a slice of the many companies purchasing budgets.
