For our existing Resolve merchants looking to elevate their business, we’re excited to introduce a powerful new feature to help boost your cash flow. Through our partnership with Plaid, you can now securely link your bank accounts, allowing the Resolve Credit Team to assess the possibility of increasing your credit limit.
This added flexibility means faster access to the funds you need to seize growth opportunities, manage larger orders, or streamline your financial operations. By linking your bank accounts, you can also enjoy a more seamless and efficient credit evaluation process, empowering you with greater financial agility. Whether you're scaling up or expanding into new markets, this feature gives you the tools to manage your cash flow with ease and confidence.
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.