What Are Net 30 Accounts?
Net 30 accounts, also known as vendor credit, trade credit, or supplier credit, are accounts that allow you to make business purchases, then invoice you to pay the bill in full within 30 days. Essentially, net 30 accounts allow you to buy now and pay later based on a 30-day term. Vendors then report your payments to business credit bureaus, which helps to build your business credit score as long as you make your payments on time.
Net 30 account providers can offer a variety of business products and services, including credit cards linked to your business account, office supplies and equipment, marketing services, financial tools, and more. However, it’s important to understand that approval requirements vary between each provider.
Why Choose a Net 30 Account With 5 Star Processing?
What makes us the easiest Net 30 provider around? First of all, with 5 Star Processing, you are purchasing something you will actually use. Our products are essential financial tools that directly help to build businesses. Other Net 30 accounts require large dollar purchases for a minimum of 3 months just to do your first reporting. Instead, we report your payment history on a monthly basis from the start.
With your monthly subscription to our Perks Portal, your payments automatically get reported to business credit bureaus, while you get the benefit of saving time and money with access to our resources that you are already hunting for. Subscribe with us today and let your business credit build itself.
