And while there are negative reviews out there, Bluevine does seem to actively respond to them with promises to address the problem. And at least one business owner didn’t realize that Bluevine would place a lien on their business (see the FAQs below) and was upset about that.Īgain, most Bluevine reviews are positive.

We saw several complaints about unexpected freezes on credit lines (because of revenue changes, missed payments, or surprise underwriting process problems). So what don’t people like? Well, some negative Bluevine reviews complain about the automated application, saying it failed to properly identify their business’s revenue or other details. Business owners also seem to like Bluevine’s quick application and funding process, and some of them mention Bluevine’s competitive rates. Many borrowers rave about their account managers, with many reviewers mentioning quick and clear communication. 1 Most Bluevine reviews praise its helpful customer service. Bluevine has pretty positive reviews across the web.īluevine has a 4.4 out of 5 on Trustpilot. Still thinking Bluevine sounds like a good deal? Well, lots of customers agree with you. So if you have problems getting customers to pay up, this probably isn’t the right type of funding for you. But watch out―if your customers don't pay up, you’re on the hook for the money Bluevine gave you. Once your customer pays their invoice, you get the remaining percentage of the invoice value (minus Bluevine’s fee). So customers never have to find out that you’re using invoice factoring. It actually sets up a bank account number and a PO box in your business's name, and your customers can submit payments to either of those. Fortunately, unlike some factoring companies, Bluevine tries to let you keep control over your customer relationships. Your customers will then pay their outstanding invoices (hopefully), and those payments go to Bluevine. Bluevine will give you up to 90% of the invoice amount, and you can submit as many as you want―up to your credit limit. Then you submit your unpaid invoices, either by uploading them or letting Bluevine sync with your accounting software. When you get approved, Bluevine will give you a credit limit. If you run the sort of business that invoices your customers, you might be more interested in Bluevine’s invoice factoring (they recently partnered with Fundthrough).

Bluevine invoice factoring