Business Credit Online
For many retailers, offering business credit online is a great sales tool and powerful way to attract more small business owners to purchase their products and services.
As a business owner, when you open a business credit account with an online retailer you have the ability to purchase their products/services on credit with the invoice due in 30 days. (net 30 payment terms)
This helps conserve cash flow and is a great way to start building a credit history for your business.
In today’s post we are going to show you how to get business credit from an online retailer. It’s important to realize the qualification standards are much easier when you apply for net 30 credit terms compared to other types of credit such as business credit cards and bank lines of credit.
The reason is the majority of retailers, vendors and suppliers offering business credit on net 30 terms will not conduct a personal credit check. Instead, they check your business credit report, require a bank reference and contact the trade references supplied on the credit application.
Business credit (net 30 accounts) issued from an online retailer can be used on purchases made only at that online retailer’s store or family of stores. The exception is when a retailer is offering an actual business credit card co-branded with Visa® or MasterCard®.
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