Shirtsy Net 30 Review
If you want to create your own customized apparel, shoes, office supplies, and other merchandise while also building business credit, Shirtsy should be on your radar.
The Shirtsy Net 30 account gives you a 30-day credit term to pay each invoice, offers robust credit bureau reporting, and boasts a sizable product selection that specializes in customizable clothing.
Our Shirtsy Net 30 Review
We love that Shirtsy Inc reports to all three major business credit bureaus and they have a straightforward net 30 account application process.
And while the $99 annual payment fee may be a turnoff to some, it can also be beneficial, as Shirtsy reports the initial fee payment for ultra-fast business credit building.
The Main Shirtsy Net 30 Selling Points:
- Shirtsy Reports to the Three Major Business Credit Bureaus, Plus Creditsafe
- You Can Instantly Build Business Credit with Shirtsy
- Shirtsy Carries a Wide Variety of Customizable Products
To build business credit from a net 30 vendor, you’ll need them to report to at least one major business credit bureau.
Perhaps the biggest benefit of Shirtsy is that they go well beyond that and report to Dun & Bradstreet, Equifax Business, and Experian Business. They also report to Creditsafe for an even bigger impact on your business credit score.
If you’re a small business owner looking to get your business credit off the ground, choosing a net 30 account like this is ideal because your payment history is reported to “the big three” business credit bureaus, plus Creditsafe, which is more than what many other garment supply vendors offer.
Just note that to qualify for net 30 terms, you must pay a $99 annual account fee, and there’s a $2 minimum finance charge.
Also, if you’re late with a payment, there’s a:
- $15 fee on payment balances up to $100
- $29 fee on balances between $100 and $250
- $39 fee on balances of $250 or more
Besides that, Shirtsy charges a $39 returned payment fee.
But just like paying a business credit card, you’ll be fine as long as you make each payment on time.
While most business owners won’t be crazy about the $99 annual fee (many other vendors require a smaller or no annual fee), it does serve a purpose for building business credit.
According to Shirtsy, they will report the $99 fee as an initial trade credit payment, which means you can start using your account to build business credit immediately.
Even if you never actually purchase any products like shirts, shoes, or other merchandise, this allows you to improve your business credit history. And that’s attractive to many business owners that are eager to raise their credit score.
Of course, if you decide to routinely purchase shirts or other products from Shirtsy, you’ll have even more payments reported, thereby continuing to strengthen your credit history while also increasing cash flow.
The bottom line is that the $99 annual account fee is an added cost, but it can essentially be used as a tradeline to expedite the business credit-building process.
As for products, Shirtsy specializes in customizable clothing, such as shirts, activewear, jackets, and sweatshirts.
However, they have a fairly comprehensive product catalog and carry a wide array of other customizable items, including:
- Shoes
- Stickers
- Magnets
- Mugs
- Candles
They also carry office supplies like business cards and mouse pads, as well as wall art and other items.
If you’re looking to create customized merchandise while simultaneously building business credit, Shirtsy is one of the better net 30 accounts for doing so. They make it easy to design items with your brand logo or for specific promotions and will print them on-demand.
While the product selection won’t necessarily overwhelm you, it’s still respectable and should be sufficient for many businesses.
One negative thing we’ve heard about Shirtsy is their customer service, as there have been multiple complaints that support reps can be slow or unresponsive at times.
This isn’t to say that everyone has a poor experience, but you may encounter delays with Shirtsy when compared to similar vendors.
Note that if you’re looking for vendors with longer payment terms than 30 days, those are available as well.
Here’s a list of net 60 vendors, featuring those that sell office products, jewelry, wholesale items, and more. And here’s a list of net 90 vendors.
How to Qualify for a Shirtsy Net 30 Account
Getting approval for a net 30 terms account is pretty straightforward.
To join their partner program, Shirtsy just asks you to provide basic information, including:
- Your name
- Email
- Business name
- Address
- Date of birth
- Website (if you have one)
- EIN
- DUNS number
Your business must be located in the United States. Shirtsy requires you to have at least 25% or more ownership of your company to apply for an account. And you must place a minimum order of $97 to qualify for a net 30 account.
Besides that, Shirtsy asks that you review their net 30 terms before applying for a vendor credit, which you can find here.
As for the net 30 application, you can find it here.
While the $97 minimum order payment term is a bit higher than what some other vendors require (Summa Office Supplies is only $75), the relatively easy approval process is appealing to many business owners.
As for the credit limit, Shirtsy determines this on an individual basis and will let you know what the exact amount is once your account is opened.
Getting an Instant Business Credit Bump eCredable
Making purchases from net 30 vendors is a great way to build your business credit history and, in time, can have a considerable impact on your credit score.
The only issue is that most business owners have to get 5-10 tradelines from different vendors just to get the ball rolling. That means you have to get approval from several vendors and spend potentially over $1,000.
A faster, more convenient, and more affordable way to build your business credit history is to use eCredable, which reports business bills like electricity, internet, gas, and water to multiple credit bureaus.
Simply pay your bills as you would normally, and you can quickly build business credit with an eCredable account.
Note that upon signing up with eCredable, we’ll attempt to download up to 24 months of your past bills for a huge instant bump to your business credit score.
Most business owners see an average credit score increase of 40% within the first three months.
You can learn more about eCredable here.