Re: Payability Has Really Been A Lifesaver for My Accounts
Hello,
I would be happy to help answer any questions regarding Payability.
First off, YES they are legitimate. The interest you pay is only 2%, and you get paid from your sales daily. The 2% is nothing compared to what it can do to increase your sales.
I recently signed up with them, and have had no hiccups at all. I have been speaking with them a lot as of lately. I am actually visiting their offices on Tuesday and meeting with the CEO, if anyone has any questions to be answered let me know and I can provide you with some answers.
Just as a note though, if you do get suspended you will be required to pay any funds they have advanced to you in excess of what they received from the deposits.
How it works is you change the bank information on your account to their account - so they receive your disbursements every two weeks. Your balance is added to your Payability account from daily sales as they purchase your receivables, it is essentially factoring but without the high rates that most factoring companies charge, such as On Deck, ect.
Now obviously if you are selling anything suspect, or if you appear to be high risk, they may not want to take the risk of advancing you the funds as they are assuming the risk. There is an underwriting process but they are easy to work with.
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