Mercantia
- San Diego, California, United States
Mercantia Senior Management
Mercantia Details
Mercantia's facility allows buyers to pay their suppliers of goods globally at time of shipment. We then give the buyer extended payment terms of up to 90 days to repay for the goods. Our product enhances a buyer's purchasing power, while at the same time providing peace of mind to the supplier knowing that he's getting paid at time of shipment. How it works?- Our clients let us know what they would like to purchase and who they would like to purchase it from by sending us a PO. We pay for the goods and the goods are shipped directly to the location of our clients choice. We invoice our clients up to 90 day net terms. Our clients pay us back the invoice amount plus a small transactional rate at the invoice due date, which is usually after the inventory has been received and sold. Our clients return to us when they have another inventory purchase they do not wish to fund from their operational cash flow. Why should I do it? - Diversify your funding sources -Take advantage of opportunistic purchases -Improve your purchasing power with your supplier…negotiate better terms since you can buy larger quantities -Negotiate discounts with your suppliers since you're paying for goods at time of shipment -Improve your cash flow by not tying up your funds with inventory purchsases and use it in other facets of your business -Non-collateralized, non-invasive solution, that works complimentary with any current bank, ABL or even AR based financing -We report invoice remittances which helps our clients establish a good trade record of paying vendors which in turn gives them more ability to get better bank financing
