When starting your Amazon business, the last thing you probably think about is financing.
It’s the least sexy side of your business! But then again, it’s critical for success, and that’s where Helium 10 Alta comes in.
Helium 10 Alta is an all-in-one platform for financing made with e-commerce sellers in mind!
But is it worth owning? Stay tuned to find out.
Key Takeaways
- Helium 10 Alta lets you get daily payments instead of waiting two weeks for your Amazon payments to get to your bank account.
- You can pay suppliers worldwide in multiple currencies. If you pay them in their local currency, you can get a discount.
- Alta users get access to rapid approval credit lines up to $5,000,000 if they get approved.
- Registering your Alta account is done within a day, and you won’t have to leave your desk.
What Is Helium 10 Alta, Actually?
Before we delve in-depth into this tool, we should first understand what this tool is.
What Alta isn’t is a bookkeeping tool. Instead, its primary function is helping to improve cash flow and make funding easily accessible.
It also helps you with complex financial topics like VAT or GST.
5 Unique Features of Helium 10 Alta
Now that you’ve got a basic understanding of Alta, it’s time to dig deeper and see how it aims to help you out! The tool comes with many great features that are worth exploring.
Here are the five best ones:
#1 - Daily Payments
If you own an Amazon business and actively sell on the platform, your Amazon payments will likely take about two weeks to get into your bank account. And while that’s normal, a couple of issues could surface.
The most problematic one is when you’re products are selling like hotcakes, and you don’t have the money to restock. And as you know, running out of products could kill your business!
So with Alta, you won’t have to worry about it, as you can get your revenue daily to your Alta account. Helium 10 will take a small fee from it, but this simple feature could save your business.
#2 - Credit Line
When you’re looking to expand your business, getting funding from banks might be challenging. Most might not understand the business model and deem it too risky. But that’s where Helium 10 Alta comes in.
With Alta, you can access rapid approval credit lines, which you can use to get your business to the next level. You could get up to $5,000,000 of funding! However, it shouldn’t come as a surprise that you need to get approved before getting any funding. For this, the only requirement is six months of sales on Amazon.
If you’ve got sales on other channels, such as Shopify or Walmart, give those numbers as well, as it could help you get approved for more funding.
But that’s not all! Another great benefit of the credit line feature is that you don’t need to take out all funding you were approved of! You can just take the amount you currently need, reducing your costs.
#3 - Digital Wallet
This is the main feature of Helium 10 Alta, which you’ll use. With it, you can gain multiple great benefits, such as international direct payment and the ability to pay your supplier costs in 37 currencies!
That’s a significant benefit as if you use it correctly and pay your suppliers in their local currency, you might get a small discount as they won’t have to convert your USD into their local currency.
And the less you pay for the products, the better your profits!
But that’s not all! With the robust digital wallet, you also get access to marketplace payout. With it, you can start enabling payments from other countries without needing a local business entity there!
#4 - Alta Business Card
Once you’ve set up your Alta Digital Wallet, you can also apply for a virtual credit card by Alta. This allows you to pay any other business expenses like Facebook ads, Shopify, etc.
But what makes it even better is that you’ll get a 1% cash back on it. You can learn how to apply for it by watching this tutorial.
#5 - VAT and GST Services
When you’re a US seller looking to expand into new markets such as Canada or Europe, you might face issues as you’ll have to start following international laws such as VAT and GST, which could sometimes be confusing.
But fortunately for you, Alta is here to help with their VAT and GST Services.
With them, you can get someone to help you wherever you’re stuck. They provide solutions from the initial registration to report filling for secure payments.
Helium 10 Alta Pricing
With all these fantastic features, you might wonder how much it will cost to have Helium 10 Alta. Well, the good news is that Alta is free for everyone. All you need to do is create your Alta account, and you’re good to go.
There are no subscription fees as Helium 10 generates revenue from the fees associated with their services, such as credit limit, daily payments, and VAT and GST services.
3 Steps for Signing up for Helium 10 Alta
To access Alta, you will need to register for an Alta account! This is a separate account from your Helium 10 account. However, the registration process isn’t too tricky as it can be completed within a day!
And unlike like most bank accounts, you don’t need to leave your desks.
Step #1 - Login to Your Helium 10 Account
First, you’ll need to log in to your Helium 10 Account. You can do that by clicking on the blue “Log in” button in the top right corner. Then, on the next page, fill out your login credentials, and you’re ready for the next step.
Now that you’ve logged in to your dashboard, it’s time to locate Helium 10 Alta.
You can do that by pressing the “Tools” option on the main menu.
Then under the Operations tab, you should see a button named “Alta by Helium 10.”
Click on it, and you’ll be greeted with the following page.
Step #3 - Create Your Free Alta Account
If you’ve done everything correctly, you should be greeted with a page similar to this.
If that’s correct, then all you have to do is click on the blue button named “Create Account For Free.”
Then you should be greeted with a registration page like this. In there, you need to give the following information:
- First Name
- Last Name
- Phone Number
- Approximate Annual Gross Sales
- Password
Once filled out, click the “Create Account” button, and your account is created! To get access to everything, make sure to give all the necessary business information.
Frequently Asked Questions
Do I Have to Have a Helium 10 Account to Use Alta by Helium 10?
Not at all! You can use Alta without Helium 10 account. To start the registration process, you can click here.
Where Can I Use Marketplace Payouts?
Currently, the marketplace payouts can be used only for the US and UK.
However, Helium 10 has promised to get to more places soon.
Is Helium 10 Alta Worth Having?
As you can see, Alta by Helium 10 is a unique financial tool that helps manage capital and make running your Amazon business much more manageable! It’s definitely worth having!
So, start using it by registering your Alta account today.
