The launch of instant payouts and ecommerce-specific rewards alleviate growth barriers faced by ecommerce companies, and it furthers Brex’s mission to reimagine financial systems so every company can realise its full potential.
As such, the new offering allows ecommerce companies instant access to revenue from sales on their online platforms — starting with Amazon, and soon expanding to other sales platforms. Brex Cash customers who are US-based sellers on Amazon can immediately access their sales revenue, for a 1.5% fee.
Brex’s ecommerce offerings also offer a rewards programme tailored directly to the industry. Via this rewards programme, ecommerce companies can now earn 1.5X points on digital ads. Additionally, ecommerce companies also earn 8X on rideshare, 5X on travel, and 4X on restaurants. Rewards points accrue automatically on spend from a customer’s Brex card, and therefore can offset the instant payouts fee, helping companies access their sales revenue affordably.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now