What is Commerce Pay? How does it work?

Commerce Pay is flexible funding with payment terms based on your company’s revenue.

You will receive a lump sum of money, and in return, you agree to pay back a percentage of your marketplace payout until the total amount, plus a fee, is repaid.

This means your repayments are directly tied to your business income, making it a flexible and often more accessible way to access funding.

For example:

You received a proposal as below:

Percentage of Marketplace Transfer: 10%

It means that you will pay us 10% of your marketplace payout each time you receive a marketplace payment until the total amount is repaid.

Advance Amount Proposal: US$ 20,000.00.

Estimated time to repay: 5 months.

Advance Fee rate: 5%.

Advance Fee Amount: US$ 1,000.00.

Structuring Fee/Processing Fee: US$ 75.00.

Total Transaction: US$ 21,075.00.

This is the total amount that needs to be repaid by you.

Total advance amount to be paid to you: US$ 20,000.00.

This is the amount that you will receive in your designated bank account at the time of funding.

*Marketplace payouts: Payments from your selling marketplace paid or to be paid to you net of all fees, refunds and unavailable balances.

So, you will start with a balance due of US$ 21,075.00 (total transaction), and every time you receive a marketplace payout, SellersFi will collect 10% (percentage of marketplace transfer) of the payout to be applied to your balance.