#PayTech / Brex Launches ‘Instant Payouts’ Service For eCommerce Firms

Instant Payouts enables businesses that sell online to tap into the sales revenue they have earned immediately, as opposed to waiting weeks or longer for the money to come rolling on Amazon, Shopify and other big platforms.

Brex is launching its new feature for eCommerce companies that sell on Amazon, with plans to soon expand the service to other online sales platforms as well.

In exchange for a 1.5 percent fee, Brex Cash customers… will be able to immediately access their sales revenue. By contrast, sellers would typically have to wait roughly two weeks, according to Brex, before the money hits their accounts.

https://www.pymnts.com/news/ecommerce/2020/brex-launches-instant-payouts-service-for-ecommerce-firms/