Payment Methods

💳 Ply accommodates various payment and repayment methods to suit your business needs:

Major Credit Cards: For convenience and speed, use any major credit card to complete transactions. Fees may apply depending on your agreement with Ply.

ACH/Wire Transfers: Opt for direct bank transfers for secure, large-scale transactions to reduce credit card fees.

Cash App: Leverage the ease of mobile payments by using Cash App for quick and easy transfers.

Ply does not accept checks.

Net Terms

💳 Unified Net-terms' is a Ply financial product designed to give your business the flexibility of extended payment terms across any supplier(s) on Ply, even eCommerce suppliers.

Here's how it streamlines your procurement process:

Getting Approved:

Provide Business Info: Share your business details, including the name, location, EIN, and ownership information.

Bank Account Linkage: Connect your bank account securely via Plaid for underwriting. Ply respects your privacy and does not store your banking data.

[Optional] Bank Statements: If linking with Plaid isn't possible, you can manually provide 3-6 months of bank statements to illustrate your transaction history.

Utilizing Net-terms:

Flexible Terms: After approval, apply your credit limit to any supplier bid and select a NET 30/60/90 term at checkout. The chosen term will determine the cost of capital for the transaction.

Scheduled Repayment: Your order details will include a repayment schedule, allowing you to plan ahead according to the selected term duration.

With 'Unified Net-terms', manage cash flow efficiently by consolidating payments to multiple suppliers into one, with the convenience of delayed payment terms.

Do I Need to Pay Each Supplier Individually?

🤗 With Ply, there's no need to juggle multiple payments to different suppliers.

Here's how it simplifies your process:

Single Payment: Make one payment to Ply, regardless of how many suppliers are involved in your RFQs.

Immediate Distribution: Ply takes care of disbursing the funds to each supplier promptly.

Backoffice Efficiency: This streamlines your accounting, reducing complexity and potential errors for your financial team.

Enjoy the convenience of consolidated payments through Ply, designed to save you time and administrative effort.

What is the Ply Transaction Fee?

💸 The Ply transaction fee is a finder's fee that's applied to accepted RFQs:

Variable Rate: The fee ranges between .25% - 2%, based on your subscription tier and the specific terms of your agreement with Ply.

Transparency: This fee is not hidden; it's clearly itemized within the RFQ as the 'Ply Fee', ensuring full transparency.

You'll see this fee only when you accept an RFQ, as it's Ply's way of charging for the successful connection made between your business and a supplier.

If you have questions about the transaction fee please reach out to your dedicated buyer or someone on the customer success team at Ply.

Are There Additional Fees for Using a Credit Card on Ply?

🤔 Yes, Ply typically applies a service charge for credit card payments, which is contingent on your specific agreement with us:

Service Charge: A fee may be added to transactions made with a credit card to cover processing costs.

Agreement Specifics: The exact fee is determined by the terms set out in your agreement with Ply.

Please refer to your Ply agreement or contact your account representative for details on credit card charges applicable to your transactions.

What Additional Fees Might Be Included in an RFQ?

🧾 Apart from the Ply transaction fee, suppliers may include various additional charges in their bids for an RFQ:

Shipping/Freight Charges: Costs associated with the transportation of goods.

Inflation Charges: Adjustments for changes in the cost of goods due to economic inflation.

Expedited Charges: Additional fees for faster processing or delivery times.

Taxes: Applicable local or federal taxes.