What is a Holdback Rate and how does it work? A Holdback Rate is the amount of money that Behalf does not immediately fund, out of the seller’s* shipped orders amount, due to expected refunds or other deductions from your Amazon payout. How it works: – Behalf sets up reserve accounts to hold back a certain amount of money based on the “Holdback Rate” as outlined in Behalf’s Daily Factoring Payout contract. – This money is used if the seller*…
What are the account set-up requirements for Behalf’s Daily Payout Factoring product offering? When setting up your Behalf Account, Behalf will provide you with a unique purchasing account number to be set in your Amazon Seller Central Portal, replacing your current bank account on file. Behalf requires that the payment account listed in your Seller Central Portal is changed to a Behalf purchasing account. This change can be processed with an Amazon Seller Central representative via the Seller Central Portal….
