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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.



About lender

Payability is an American fintech company that provides e-commerce sellers with flexible loans designed to increase cash flows to reach rapid growth, buy the required equipment and launch new products. The company was founded in 2015, and they have managed to provide over $5 billion in funding to e-commerce companies and marketplaces. It operates in the USA but also in Canada and other countries.

Payability has two main funding options. These are instant access and instant advance. Also, they have special funding options for marketplaces. The company provides entrepreneurs with opportunities to grow and evolve. With their services' help, sellers can access cash that lets them make investments their business requires and expand their inventory.


Payability is not a traditional lending organization. First, this company provides businesses - sellers and e-commerce sellers - with quick loans. Canadian businesses can be approved. The company deals with marketplaces and sellers from Amazon, Walmart, eBay, and other platforms. It provides capital based on its clients’ sales.

Payability offers two main funding products: instant access and instant advance. Instant access is an instrument that allows customers not to wait for their payouts. Instead, the company provides small short-term loans at a pretty low rate until customers receive their payouts. Instant advance is a type of loan that allows clients to invest significant amounts in their marketplaces to get the required equipment or invest in marketing. The company doesn’t run credit checks, but it performs a standard public records background check. The customers’ approvals depend on their incomes and revenues. Also, the company offers special products for marketplaces: Amazon, Walmart, Newegg, and Shopify sellers. All their products have different terms and conditions depending on the customers’ businesses.

Pros and cons

Nevertheless, Payability is a company that not only has advantages but still there are some essential cons too.


  • The company offers solutions that can increase customers’ businesses' cash flow without waiting for receivables.

  • The company provides e-commerce businesses with funds that let them grow.

  • The company operates not only in the US but also in Canada and other countries.

  • Credit checks are not run; the approval depends on the customer’s business’ revenue and annual income.

  • The company offers special products for different marketplaces.

  • The company has an A+ accreditation by BBB and cooperates with such corporations as Amazon, Walmart, and others.

  • The application is quick, and customers can be approved within 48 hours.

  • The company offers global payments to 180 countries in 38 currencies.


  • Services provided by Payability will not be suitable for many businesses.

  • The company has only two types of loans.

  • The eligibility requirements of this company are pretty strict.

  • Standard loan conditions are unclear as they are not mentioned on the company's website. It depends on the customer’s business.

As we see, Payability has various strong sides. The company provides marketplaces with the required funds to invest in marketing or equipment. Also, they have small loan options that would be useful for clients who don’t want to wait for the payout.

However, the company has several disadvantages. First, they offer their services only to marketplaces, so their specialization is too narrow. Also, they have pretty strict requirements and do not provide some vital information on their website.

Loan conditions

To apply for one of the company’s funding products, customers need to create an account in the first place. Next, they need to mention some information about their businesses, such as a primary marketplace or approximate monthly sales. After that, they must choose the required loan option and connect with the company’s operations.

The company has two main funding options, but the requirements and conditions are different for each. To be approved for instant advance, a customer’s business must have nine or more months of consistent sales history and average monthly sales of $50,000. To be approved for instant access, customers must sell over $10,000 each month, have 90 days of sales history, and have good performance metrics. Canadian businesses are among those that can be approved.

Instant Advance fees are typically between 0.5% and 1% per week. Instant Access standard pricing is 2% of gross sales. The terms of the loans are variable and depend on the customers’ businesses. The maximum amount to borrow is $250,000.

Methods of loan funding

When customers are done with the application and have the required funding option chosen, they will receive the amount by instant transfer, ACH, or will have it wired directly to their bank.


What is Payability?

Payability is an American company operating in Canada and some other countries. It provides entrepreneurs and marketplaces with financial solutions. They offer two main funding options to customers: instant access and instant advance. Instant Advance is a purchase of your future receivables. Instant Access means that Payability each day advances 80% of your previous day’s payouts into your Payability account. The remaining 20% becomes available once the marketplace payout is received.

Who owns Payability?

Payability is a privately held company.  Keith Smith is its Co-founder and CEO.

How do you qualify for Payability?

The company doesn’t run any credit checks except for a standard public records background check; approval mostly depends on customers’ businesses. To be approved for instant advance, a customer’s business must have nine or more months of consistent sales history and average monthly sales of $50,000. To be approved for instant access, customers must sell $10,000 each month, have 90 days of sales history, and have good performance metrics.  

How much can you borrow from Payability?

Customers can borrow up to $250,000.

Is it a legitimate company?

Payability is a legitimate company. It has an A+ accreditation from BBB.

Company documents

Privacy Policy

Our goal is fast, friction-free funding for every eCommerce entrepreneur, no matter what marketplace they’re selling on.

© Payability

Calculate loan payments at Payability

With Payability calculator you can calculate an approximate payment schedule for the loan

Payability calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 25.09.2022
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What to pay attention to when applying for a loan from Payability

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Payability from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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