With the eCommerce landscape expected to hit a benchmark of 4.1 trillion USD, maintaining cash flow for SMBs becomes paramount. TikTok Shop’s Daily Advance Program is here to give sellers a major advantage by providing access to daily payouts instead of the usual waiting period. Developed with Storfund, this program helps TikTok sellers gain faster access to their revenue, allowing them to reinvest quickly and manage their inventory with ease. Here’s a closer look at how the Daily Advance Program can transform your business operations and make cash flow smoother.
What is the Daily Advance Program by TikTok Shop?
A Game Changer for SMBs
More than 67% of eCommerce sellers say waiting to receive payouts affects their ability to grow their business. As eCommerce marketplaces payout systems often involve waiting two to eight weeks for revenue to reach sellers. This delay can create cash flow bottlenecks that make it challenging to maintain inventory, launch new marketing campaigns, and cover daily expenses. With TikTok Shop’s Daily Advance Program, sellers now have the option for daily payouts right after orders are shipped.
Key Benefits:
- Improved Cash Flow: Quick access to funds lets you reinvest in products and marketing without delay.
- Inventory Management Flexibility: Maintain stock levels and avoid losing out on sales due to stockouts.
- Capitalize on Demand Spikes: Especially helpful during peak sales periods like the holiday season.
(Source: Storfund)
Features of TikTok Shop’s Daily Advance Program
TikTok’s Daily Advance Program is fully integrated within the platform, so there’s no need for separate systems or complicated setup. Sellers simply apply via the Seller Center and, once approved, receive daily payments for shipped orders.
- Easy Enrollment: Apply directly through TikTok’s Seller Center with simple eligibility requirements.
- Clear Fee Structure: Transparent fees, so you know the exact cost of accessing daily funds.
- Reliable Payouts: Smooth integration with Storfund ensures timely daily payments without any hassle.
Addressing Common Cash Flow Challenges for Sellers
(Source: Reshaping Online Marketplaces with Real-Time Seller Payouts by Visa, 2021)
Many eCommerce sellers face cash flow issues that limit their ability to restock popular items or invest in growth. Delayed payouts can make budgeting and operational planning difficult, affecting your ability to forecast and keep up with demand. With daily access to funds, TikTok sellers can:
- Replenish Stock Promptly: No need to wait weeks to fund new inventory orders.
- Streamline Marketing Investments: Funds available daily mean you can allocate resources to drive traffic and engagement.
How to Get Started with the Daily Advance Program
If you’re a TikTok Shop seller looking to optimize cash flow, applying for the Daily Advance Program is a straightforward process:
- Sign Up: Go to the Seller Center and apply to join the program.
- Get Approved: Once accepted, enjoy daily payouts for your shipped orders.
- Reinvest Quickly: Use funds for inventory, promotions, or operations to support growth.
Achieving Financial Flexibility and Growth on TikTok Shop
Programs like the Daily Advance Program by TikTok and eBay’s Flexible Cash Advance empower SMBs to grow their brand without worrying about the cash. And, with CedCommerce’s leading integration services, you can stay agile and competitive in the market. Leverage the power of these incredible services and manage your end-to-end eCommerce with ease.
Must Check Out: TikTok Shop Connector for Shopify
Whether you’re looking to grow your brand or scale operations, daily payouts combined with reliable inventory management from CedCommerce allow you to make the most of your revenue, stay stocked, and increase your ROI.
Source: TikTok Shop