Wayfair Net 30 Vendor Review

Wayfair is a popular online home store that offers a net 30 account for businesses.

They report to both Dun & Bradstreet and Experian Business.

It’s important to note that net 30 terms are only available to those outside the U.S. (Businesses within the U.S. receive net 60 terms.)

If you’re a business looking to furnish your office or one who sells home goods or offers home services, we recommend applying for a Wayfair net 30 account.

Wayfair's Net 30 Account: Should You Apply?

There are many net 30 vendors that are relatively obscure. However, Wayfair is a net 30 vendor that’s more well-known and trustworthy.

Wayfair Inc. is a large online home store company that sells a vast array of products for those looking to decorate and improve their space. From furniture to lighting and everything in between, Wayfair has it all.

For businesses, this could prove valuable in several ways. If you’re a business needing to furnish your office, Wayfair net 30 is a good choice for you.

You can sign up for it alongside net 30 electronic accounts or net 30 clothing vendors to satisfy all of your business needs. You may even wish to sign up for it alongside other net 30 vendors like Home Depot.

If you own a business that sells home goods or offers home services like interior design services or home renovations, tapping into Wayfair’s vast inventory may help you with your business endeavors. This is all while you build business credit and free cash flow.

A Wayfair Professional Flex account reports to D&B and Experian Business. They offer a wealth of products/services to choose from and myriad benefits.

The only thing you have to settle for is being limited in your selection of payback terms.

If you’re okay with that, this is a great account to sign up for if it appeals to your business needs.

Wayfair Net 30 Account Pros

Effective Credit-Building With Reporting to Two Business Credit Bureaus

Wayfair is an established business. As such, we expect it to offer benefits that will go above and beyond what you might receive with other vendors.

The first area it delivers in is credit reporting. Wayfair reports to Dun & Bradstreet and Experian Business.

Having your payments reported to both of these credit bureaus will be instrumental in boosting your business credit score and helping you establish credit history.

One business credit bureau is missing here: Equifax Business. But with the two above, you won’t be hindered by the absence of this credit bureau.

Keep in mind that there are other ways to build your credit as well. For example, using your Wayfair credit card and another business credit card (avoid using your personal credit card) to pay your debts can maximize your credit-building activity!

Attractive Account Perks

Opening a Wayfair Professional Flex account offers business owners quite a bit.

Here are some of the attractive account perks that you get when you apply for extended payment terms.

• No Annual Fee: There’s no required annual fee to open a net 30 account with Wayfair.
• No Minimum Purchase Limit: Some net 30 accounts require you to spend a certain amount before you can take advantage of your extended payment terms. When you shop at Wayfair, you won’t have to deal with these limits.
• Stellar Customer Service: Wayfair offers what they call 360-degree support via their help center. No matter what questions you have or what stage of your project you’re on, they’re there to help.
• Unrivaled Selection and Discounts: Wayfair’s massive inventory is sure to help you find what you need for your business. More importantly, there are ample discounts that you can take advantage of to save money. It’s an added reward.
• Free Shipping: They offer free, fast shipping to make sure you get your products on time and without hassle. They even offer home delivery (or office delivery). They also have a fair return policy if you need to bring something back.

If you’re looking to build credit and get more with your net 30 terms, consider the Wayfair Professional Flex account.

Wayfair Net 30 Account Con

You Can Only Access Net 60 Terms

If you’re looking into Wayfair’s net 30 terms yourself, you may have trouble finding it.

In the U.S., net 30 terms aren’t extended to businesses. The only businesses that can get net 30 terms are non-U.S.-based businesses.

But don’t fret. All U.S.-based businesses that qualify can get net 60 terms. This will ensure that you’re able to improve cash flow and have plenty of time to make a payment after you acquire what you need for your projects.

Wayfair's Net 30 Approval Requirements To qualify for Wayfair net 30 or net 60 terms, you will need:

• An EIN
• An established business
• Relevant business information needed to fill out your application (name and address, business industry, total net revenue or net income, other financial statements, and so on)

Once you’ve collected all of this, simply:

1. Select the industry you operate in
2. Submit the requested info
3. Verify your business

It’s a seamless process that will get you started with trade credit easily.

Build Credit and Fund Your Business Activities With FairFigure

Building credit and getting the funding you need for your business are two challenges small business owners face. Fortunately, FairFigure can help.

Here at FairFigure, we offer two key products that help you tackle both areas: our multi-bureau business credit monitoring services and the FairFigure Capital Card.

Our business credit monitoring services act as a tradeline and tool to stay on top of your business credit.

Alongside tri-bureau monitoring, you receive our business credit corrector, darknet scanner, and AI podcasts that offer useful information about your financial health and the next steps to take for greater financial results.

Meanwhile, our FairFigure Capital Card offers an EIN-only card that provides you with funding based on your recurring monthly revenue. As long as you’ve been in business for three months and make a minimum of $2,500 per month, you can qualify for this card.

Both services are reported to Equifax Commercial, the SBFE, CreditSafe, and our own FairFigure Foundation Report. You can also select four to eight-week payback terms with our card.

Ready to secure funding and build credit for your business? Sign up for FairFigure today!