For existing Resolve merchants who are looking to take their business to the next level, we’re thrilled to introduce a new feature to help you boost your cash flow with Resolve. Through our partnership with Plaid, we're offering you the ability to link your bank accounts securely, which allows the Resolve Credit Team to consider increasing your credit limit.
Plaid, an innovative open banking solution, enables you to securely share your bank account transaction details with us. Getting started is simple:
By utilizing our Plaid Bank Account Link feature, here are some key improvements on your Resolve experience:
Much like your customers are assigned buyer credit limits, you, as a merchant, are assigned a Maximum Advance Limit (MAL).
Your MAL represents the maximum amount of advance pay credit you can receive on invoices at any given time. For a more detailed breakdown of how this looks in practice, read this handy Help Center article.
To view your limits at any time, navigate to Settings > Banking tab. You can view your advance payments utilization in Settings > Usage.
Some factors influencing your MAL include revenue, margins, cash balance, industry, credit bureau data, and more.
As you issue invoices and receive payments, your MAL adjusts accordingly, providing you with ongoing support tailored to your business needs.
To request a limit change, please contact your dedicated Customer Success Manager.
At Resolve, we're committed to empowering merchants like you to thrive in today's competitive landscape. Our Plaid Bank Account Link feature opens doors to increase cash flow, allowing you to streamline your AR operations and scale your business with confidence.