Alta: What is Supplier Pay?

Description

Supplier Pay allows you to use the funds/currencies held in your Digital Wallet to send payments around the world in an easy and cost effective way. 

Pay for inventory, shipping, and other expenses all from the Alta platform. Save your supplier payment history (“Transaction Search” tab) and create a supplier library (“Recipients” tab) for quicker future payments. 

 

Supplier Pay becomes especially powerful as you start to sell and pay globally.

For example: maybe you’re a US based seller that started selling in the UK now that you can accept payouts using Marketplace Payouts. You’ve started to receive GBP into your Digital Wallet from Amazon UK. Now you can keep GBP in your Wallet without converting back to USD (saving you the ~4% Amazon charges you to convert currencies). With those funds you could start paying some local Suppliers in GBP. Or Supplier Pay even allows you to convert the GBP into 37 different currencies to pay suppliers in their local currency worldwide (potentially getting you a ‘local discount’!).

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