The New Shop Finances Experience and Xometry Advance Card
Xometry has completely overhauled our payment process for our manufacturing partners and launched the new Xometry Advance Card to alleviate cash flow woes and provide a streamlined payout process for work.
Cash flow is one of the biggest challenges that our manufacturing partners face. From the high upfront costs of materials and tooling to paying the bills to keep the lights on and machines running, it can sometimes be hard to find the cash to do it all.
With this in mind, Xometry has completely overhauled our payment process for our manufacturing partners and launched the new Xometry Advance Card to alleviate cash flow woes and provide a streamlined payout process for work.
Let’s take a closer look!
We’ve rewritten the playbook on payouts for Xometry jobs with our entirely new Shop Finances experience. Next time you log in to Workcenter, you’ll notice a new tab called Shop Finances. This is the new home of everything related to job payouts for your Xometry work.
Once you complete a job and mark it as such in Workcenter, the payout will be automatically scheduled per Xometry’s payment calendar. We now payout every week, instead of twice a month as before, so you’ll receive payouts more frequently. At any point in time, you can see scheduled payouts, review your finances, and check the balance on your Xometry Advance Card (more on this later) on the new Shop Finances tab.
It’s also entirely invoice-less, meaning you no longer need to submit invoices to Xometry to receive payment. It’s all automatic thanks to our integration with the financial technology company Stripe.
If you have any questions, you can check out the Xometry Payout FAQs in the Xometry community.
The most exciting part of the new Shop Finances experience and the integration with Stripe is the Xometry Advance Card. If you opt-in for your very own Xometry Advance Card, you will receive up to 50%* of the value of eligible Xometry jobs immediately on the card after you accept the job for you to use to cover any business-related expenses such as materials and tooling. Have other business needs? No problem. You can use the Xometry Advance Card wherever Visa is accepted. If you don’t use all of the funds on your card, they will simply be paid out according to your Shop Finances payout schedule.
The best part about the Xometry Advance Card is that it’s completely free. There are no bills, interest rates, fees, or impact on your credit rating.
The entirely reworked Shop Finances experience and the new Xometry Advance Card are just a few of the ways Xometry helps small- to mid-sized machine shops grow, streamline, and improve their business.
*Subject to Terms and Conditions