In a continued effort to enhance merchant experience, eligible merchants may request to be paid a portion of the current Total Cost of their recently confirmed fulfilled orders as an Early Payment. Starting March 2, 2020, all orders that are confirmed fulfilled after this time will be eligible for this new feature, Early Payment. As more eligible orders from their stores are confirmed fulfilled, the amount that eligible merchants may request for Early Payment will also update. Therefore, eligible merchants should continue to fulfill orders to be eligible for additional Early Payments requests in the future.
The requested Early Payment amount will be included in their next payment disbursement, and it will be evenly deducted from the four payment disbursements immediately after the next disbursement; each deduction will be 25% of the total repayment amount and will also include a fee of X%.
Note: Your Early Payment request will be processed by the end of the current payment disbursement cycle. If you submit more than one Early Payment request within the same payment disbursement cycle, only the latest request will be processed. The Amount Available for Early Payment, which is shown on the Early Payment page, will be eligible for an Early Payment request starting from the day after each payment disbursement date until the day before the next payment disbursement date. As a result, merchants will not be able to submit an Early Payment request on a disbursement date (i.e. the 1st and 15th of every month). The Amount Available for Early Payment will reset on each disbursement date.
Eligible merchants should take advantage of this new feature to receive a portion of their payments earlier, which merchants may then use to further invest in and grow their business and operations!