Amount to Advance

Advance up to 90% of your previous day’s sales. 

Get paid daily and improve your cash flow. No more waiting 14 days to receive your sales. 

If you have $625 of gross sales and have $25 of returns and fees, your net sales close at $600. And that is the value we work with.

We use your net sales to calculate the amount to advance. You subtract any marketplace fees, returns, or holds from your gross sales to calculate your net sales. 

For example, if you have $1,000 of gross sales and have $250 of returns and fees, your net sales close at $750. And that is the value we work with. 

Now, with the value of your net sales set, we do some discounting to support the financial health of your business. 

If you have taken out a loan directly with your marketplace or with SellersFi itself, we discount the daily amount due to save up for the loan payments. 

For example, you have taken $15,000 loan to pay off in 100 days, so the daily amount you have set aside to pay off this loan will be $150 (15,000 / 100 days). Then we will deduct this $150 from your net sales, so $1,150 minus $150 leaves us with the amount of $1,000. 

Now we will look at your contract with SellersFi and the Daily Advance product. There you agreed on an advance percentage and a percentage fee to be charged on each transaction. 

Let's imagine that the percentage of advance agreed upon in the contract was 80% and the fee was 2%. The amount of advance you will receive today will be $600 on $1,000 in Gross Shipped sales and $250 in fees, returns, and holds from Amazon $1,000-$250= $750 (Net sales)*80%= $600 (actual amount advanced) and a fee of 2% on top of  the $600 = $12 in fee for this day. The Current Balance pertaining to this day would be the amount advanced + fee = $612. 

And finally, we have the daily advance amount, which in this example will be $490.

 Any questions, let us know at customerservice@sellersfi.com or call (929)229-2252.