Kickpay business financing review

How much will this cost me?

Kickpay charges a flat fee instead of interest. The fee is typically 3% to 7% of your inventory's manufacturing price and is paid back on a unit-by-unit basis. Advances run from $20,000 to $1,000,000.

Unlike other business loans, Kickpay doesn't require a personal guarantee from the owner. But it backs the advance with a lien on your business's assets.

How it works

The fee you receive depends on factors like the amount of inventory you typically sell in a month versus the amount you purchase.

Your advance also depends on your business's sales history. Typically, you can finance 85% of the inventory you have in stock or what Kickpay estimates your business can sell over 16 weeks.

What do I need to qualify?

Your business must generally meet the following requirements to qualify for Kickpay financing.

• E-commerce business
• Made over $250,000 in revenue over the past 12 months
• At least one registered entity in the US
• Uses third-party fulfillment center

What fulfillment centers does Kickpay work with?

Kickpay currently works with over 100 fulfillment centers. If you don't see the one you work with when you apply, you can request it by emailing Kickpay's customer service team.

Here are some fulfillment centers that are already integrated with Kickpay:

What information do I need to qualify?

You'll need to have the following information on hand when you fill out the application:

• Bank account login credentials
• E-commerce store credentials
• Fulfillment center credentials
• Basic information about yourself and your business

What industries does Kickpay work with?

Kickpay currently specializes in e-commerce businesses — with the exception of fast fashion. If you don't have an online store, you won't be able to use this service.

Pros and cons

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Fora Financial business loans Finder Rating: 4.1 / 5: ★★★★★			$5,000 – $500,000	Varies	6+ months in business, $12,000+ monthly revenue, no open bankruptcies	Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.	Go to site More Info	Compare	loading Fetching your data…
Lendio business loans Finder Rating: 4.75 / 5: ★★★★★			$500 – $5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560+ personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Go to site More Info	Compare	loading Fetching your data…
OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★			$5,000 – $250,000	As low as 35%	600+ personal credit score, 1 year in business, $100,000+ annual revenue	A leading online business lender offering flexible financing at competitive fixed rates.	Go to site More Info	Compare	loading Fetching your data…
National Funding business loans Finder Rating: 4.75 / 5: ★★★★★			$5,000 – $500,000	4% to 8%	Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to site More Info	Compare	loading Fetching your data…
Fundbox lines of credit Finder Rating: 4.2 / 5: ★★★★★			$1,000 – $150,000	Not stated	6 + months in business, $100,000+ in annual revenue, 600+ credit score	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Go to site More Info	Compare	loading Fetching your data…
Bitty Advance business cash advances Finder Rating: 2.8 / 5: ★★★★★			$2,000 – $25,000	Not applicable	$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score	With APRs in the triple digits, this is best saved as a last resort.	Go to site More Info	Compare	loading Fetching your data…

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Is Kickpay legit?

Yes, Kickpay is a legitimate lender. It's backed by investors like Y Combinator, Foundation Capital and Index Ventures. Its website has an active security certificate issued by Amazon to keep your information protected.

It also takes further steps to protect your more sensitive information when you apply. For example, it goes through Plaid to securely connect your bank account. Plaid uses encryption to scramble sensitive information and credentials even Kickpay can't access. But it doesn't have an easily accessible privacy policy on its website.

Kickpay reviews and complaints

Kickpay doesn't have any customer reviews on Trustpilot or the Better Business Bureau as of June 2020. It has a few mentions on Reddit, where one customer claims that the service works well — but doesn't offer much detail.

This isn't necessarily a bad thing given Kickpay is relatively new to the scene. But it makes it difficult to know what to expect as a customer.

How do I apply?

You can get started on your application by following these steps.

1. Go to the Kickpay website and click Log in.
2. Click Create an account and enter your work email address. Hit Get started.
3. Follow the directions to enter information about yourself and your company, and create a password. Hit Submit.
4. Follow the instructions to connect your bank account, e-commerce store and fulfillment center.
5. Wait while Kickpay uses the data from these accounts to underwrite your loan.
6. Review your offer and sign the contract.

Setting up an account can take between 7 and 10 days. After your account is ready, you can receive your funds within 24 to 48 hours. Overall, the turnaround time on this advance is 8 to 12 days.

What happens after I apply?

That depends on your business. If you already have inventory on stock, Kickpay can send the funds directly to you. Otherwise, it'll disburse the advance directly to the manufacturer.

Kickpay currently gives all clients a direct line to the company's founders to sort out any problems — you won't have to speak to a staff member that doesn't know the answers to all of your questions.

How do repayments work?

Kickpay automatically deducts your repayment on the manufacturing price plus a fee each time inventory ships from your fulfillment center. If you haven't paid off the loan over 16 weeks, you have three options.

• Repay the remaining balance in full without any extra fees.
• Refinance the advance for another 16 weeks — with a new fee of 3% to 7%.
• Sign up for a repayment plan with a 0.77% weekly fee on the outstanding balance and minimum weekly repayments.

See how Kickpay compares to other providers by reading our guide to inventory financing.

Frequently asked questions