Improve your business credit score by understanding net-30 accounts and how to use them to your advantage.
Open a trade credit account to get materials/services and build business credit. Regular on-time payments, strong financing and keeping credit utilization under 30% help build/maintain credit.
Amazon Pay By Invoice is a net-30 account program that allows businesses to buy products from Amazon and pay for them within 30 days. The service is for business customers in the US who have an Amazon Business account.
To qualify, you must have a valid US address, an EIN, and at least one active Amazon Business account. You must also have no more than two late payments in the last 12 months.
The program offers credit limits of up to $800,000 and reports to Dun & Bradstreet.
One of the easiest net-30 accounts to get is Amazon Pay by Invoice. This service allows businesses to buy goods on Amazon and pay within 30 days.
You don’t need to provide any documents or credit references. Amazon will review your account and determine your credit limit. The company will then send you an invoice for the items purchased.
However, Amazon does not report your net-30 payments to the credit bureaus.
