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Top 3 Questions From Our AMA on the Xometry Advance Card
In our recent “Ask Me Anything,” we had three common questions come up from card users that we would like to take a minute to answer.
By William Krueger
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We recently surpassed $1 million in job advances since launching the Xometry Advance Card in early July, and we're full steam ahead to $2 million. We’ve heard some really great feedback on the card as well as some creative ways our partners are putting it to use.
In our recent “Ask Me Anything,” we had three common questions come up from card users that we would like to take a minute to answer.
Is there a limit to how much I can spend at any one time?
The Xometry Advance Card creates advances of 30%* of the value of your Xometry job, with a maximum of $7,500 advance per job. You CAN have multiple advances of $7,500 across multiple jobs. The daily spend limit is $25,000.
Can I use the card to spend on non supplies items?
YES! You can use the Xometry Advance Card anywhere Visa is accepted. While the card is designed to help you pay for materials and supplies and other business-related expenses, it can really be used to fund any aspect of your shop — office supplies, fuel, insurance, and even snacks and coffee for your employees.
For example, one partner recently shared with us that the Xometry Advance Card has become their go-to way to fuel their truck each week.
How do payouts with the Advance Card work when you accept multiple jobs?
When you accept multiple jobs, each job increases your available spend. When we calculate your payouts in any given week, we do two things:
- We add up all of the jobs you're scheduled to be paid out.
- We look at your card purchases that are at least 7 days old and we deduct those purchases from your payout.
That's how we determine how much to send to your bank every week.
In your Payouts tab onShop Finances in the Partner Portal, we break down each payout so that you can see how we come to the final number. We also recently made an update so that you can download a payout statement and keep it for your own records.
If you have further questions on the Xometry Advance Card, you can post them in the Shop Finances section of the Xometry Community
*Subject to Terms and Conditions
William Krueger
As a digital marketing specialist, William works with all forms of media from photography and video to content writing and graphic design to tell the story of American manufacturing. He holds a B.A. in Communication from Wittenberg University.