Amazon launched a corporate credit line, issued by Synchrony bank. This card is catered towards libraries, schools, government institutions and large-size businesses.
Amazon Corporate Credit Line Features
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Net 55 day billing terms to pay-in-full with no interest
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Set up primary and secondary accounts for multiple purchasers
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Dedicated Account Manager
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Authorize multiple buyers
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Monthly itemized statement with product and purchase order level detail
Amazon has been steadily moving into the financial sector. Last year, Amazon lent over $3 billion to more than 20,000 businesses that sell through its marketplaces. Amazon is now targeting much larger businesses with their financial programs.