Staples Net 30 Vendor Review

Staples is one of the largest office supply vendors in the country.

Their net 30 account is a part of their Staples Business Advantage program. They report net 30 payments to Dun & Bradstreet.

Their net 30 account has a lot to offer. However, Staples’ net 30 terms are reserved for businesses of a specific size.

We recommend the Staples net 30 account if your small business is eligible.

Staples' Net 30 Account: Do We Recommend It?

Staples is a vendor that most small business owners are already familiar with. They’re well-known for their office supplies and equipment as well as for their business solutions.

What you may not have known is that they also offer net 30 payment terms. This is tied into their Staples Business Advantage program.

The Staples Business Advantage program is essentially a free membership program that grants your business certain perks. This comes in the form of:

• Low prices on office supplies and next-day delivery.
• Expert support to help you find the right office products.
• Account features such as approval flows, spend visibility, integration with eProcurement Systems, account management support, and more.
• Custom pricing for regular supplies purchases and industry-specific contracts.

If you are eligible for their net 30 terms, they do report to one business credit bureau: Dun & Bradstreet.

The Staples net 30 account is a good choice if you qualify. If you’re looking to maximize your credit-building activities or if you don’t qualify, there are other net 30 accounts. Some net 30 accounts worth considering if you want vendor credit are:

• Summa Office Supplies net 30
• Business T Shirt Club
• HD Supply
• Crown Office Supplies
• JJ Gold International (not an office supply vendor, but may have relevant goods)

Staples Net 30 Account Pros

Reports Payments to Dun & Bradstreet

The first highlight of this vendor is that they will report your payments to a business credit bureau. Fortunately, while they only offer one, it is Dun & Bradstreet.

Dun & Bradstreet is one of the three primary business credit bureaus. The other two are Experian Business and Equifax Business. Experian Business and Equifax Small Business would be excellent additions to their net 30 reporting practices.

However, reporting to Dun & Bradstreet will be enough to build business credit.

It’s also worth noting here that your enrollment method will affect how you’re able to make payments.

If you enroll online for a Staples Business Advantage Account, they will only accept credit card payments for the 30-day payment term. This can be an advantage and a disadvantage when you use this vendor credit.

If you have a business credit card, you can build credit twice over with each purchase. If you don’t and you have to use a consumer credit card, you’re putting your personal credit at risk.

One key advantage of vendor credit is not needing to use your personal credit. But if you don’t have another credit card to use for payments, it could put you in a tough spot.

Keep this in mind before you begin your application. This is also a lesson to look at the finer print in the net 30 payment terms for other tier 1 business credit vendors as well.

Ample Inventory of Business Supplies With Regular Promotions

Staples is one of the best net 30 vendors for those who need to keep their office space fully stocked.

Staples is mostly associated with office supplies like paper, ink and toner, and technology, like printers and flash drives. But the Staples store offers a wide range of office supplies beyond that.

Their inventory of over 20,000 brand-name office products and other branded goods includes:

• Office cleaning supplies
• Food and breakroom goods
• Office furniture
• Janitorial supplies
• Shipping goods
• PPE and other safety products
• Facility maintenance items

They even offer business solutions like business card printing and custom printing.

The best part of the Staples Business Advantage program is the added discounts. You can save 10 percent on Staples’ products in comparison to competitors. They even offer custom pricing to help you adhere to your budget more successfully.

Better yet, there’s no minimum order. Additionally, the only extra fees are late fees from late payments.

The cost savings and the sheer number of office products to choose from are major benefits. If you want to save money and get net 30 terms with a vendor, Staples is a great choice.

Staples Net 30 Account Con

Net 30 Terms Only for Qualifying Businesses

It’s easy to qualify for most net 30 accounts for the most part. But it’s important to remember that the Staples net 30 account isn’t a standalone account. Rather, you’re getting a Business Advantage account with net 30 terms.

Because of this, not everyone will qualify for this net 30 account. They have three different account tiers. Only those who fall into the last two will be able to access net 30 terms.

You must have at least 20 employees in your business. If you have less, you won’t get net 30 payment terms from this vendor.

This means that newer businesses may automatically be disqualified. Make sure you’re eligible for the Staples net 30 account before you apply.

Staples's Net 30 Approval Requirements

Beyond having 20 employees, all you’ll need to qualify for a Staples net 30 account is:

• A DUNS number
• EIN
• Business information (business name, address, etc.)
• No late payment history or other red flags that could prevent you from accessing net 30 terms. (You may not need a good business credit score, just an absence of negative business credit history and payment history.)

Get Funding and Business Credit Support at the Same Time With FairFigure

Having a strong business credit score and an established business credit history is necessary for business growth. Net 30 vendor tradelines are a great way to build business credit so you can start tapping into the funding your business needs.

But there are other tradelines to utilize in building good credit and payment history.

Here at FairFigure, our multi-bureau business credit monitoring services act as a tradeline. We help you keep track of your business credit and fix inconsistencies fast, all while reporting to the SBFE, Equifax Commercial, and Creditsafe. We also report to our Foundation Report.

We also offer additional solutions you can’t get from average net 30 vendor accounts.

Multi-bureau business credit monitoring services come with the added benefit of the FairFigure Card. With flexible four to eight-week payback terms and funding based on your recurring monthly revenue, we help fund your business while offering access to another tradeline.

All that you need to qualify for the FairFigure Capital Card is a business that’s been operating for at least three months and $2,500 a month in recurring revenue. It’s an EIN-only card. No personal credit, personal guarantee, or paperwork is required.

If you’re ready to build your business credit score, establish business credit history, and fund your business, sign up with FairFigure today!