SellersFiReviews of sellersfi.com

I entered into what was marketed as a Line of Credit (LOC) through my Amazon seller account with SellersFi. Unfortunately, my experience suggests the product does not operate as a true LOC, and I believe the advertising may be misleading—something I hope both SellersFi and Amazon take seriously. In my case, I have made multiple requests (currently on day 4) to pay off the remaining balance and close the account. However, there appears to be no immediate or self-service mechanism to do this online, as one would expect from a revolving credit product. Instead, I’ve been required to engage in a prolonged back-and-forth via phone and email, which has taken time away from running my business. I’m posting this in the hope that SellersFi will address this matter promptly, provide a clear and immediate path for account closure, and improve transparency and functionality for future users. Resolution was reached. TY.

Overall everything works as it should, sometimes its takes a little bit long to get something done. The customer service especially Kati is very helpful!

Very helpful team although some key issues were not explained

You can be better.

Pros. - I use a credit line. I have already taken seven draws. Each time the procedure takes less time and hassle on my part. This makes me happy! Cons. - However, I use their Digital Wallet as my primary account. And each time I have to download statements for the past three months and send them to the guys that make a decision about my draw. Why can't Sellersfunding employees do it themselves? - Moreover, I can download the statement only in Excel format. And the system allows you to upload it only in pdf format. Every time I have to save the statements in Excel, change them to pdf format, and then upload them for analysis. It is very uncomfortable. -I have been using a credit line for about a year now. The interest rate on the loan is 1.42% per month (17% per annum). I consider this to be a very high-interest rate. For all the time no one approached me with a proposal to reduce the rate. This is also a significant disadvantage in my understanding.-

I am very satisfied with the customer service. Whenever I needed help, Alexandra responded very quickly and was available to solve the issue right away. The reason for the 4-star rating and not 5-star is because the fees are very high. Other than that, everything was good! Thank you.

Pros: 1. Great customer service. 2. Prompt payments. 3. Reasonable credit limits. Cons: 1. Each time while creating the payment I have to choose the USD currency. Is it possible to make USD currency a default currency in creating payments? 2. No possibility to download the monthly statements for the accountancy. I have to make the screenshots and to send them to my accountant. 3. No credit card (!!!). 4. High interest rate for the Line of credit.

Funding went flawlessly. However, the review process did take several days to complete.