Reduce Transaction Costs. Simplify and Accelerate the Order Process.
ProPay SpendBack® is essentially a "Payment Intranet" that lets distributors pay for wholesale orders directly from their ProPay account at significant savings to the wholesaler. ProPay SpendBack can significantly decrease the cost that companies pay on wholesale orders and promotes distributor activity by simplifying the wholesale purchase process.
Features & Benefits
- Reduce Corporate Transaction Costs on Wholesale Orders
- Simplify and Accelerate the Wholesale Order Process for Distributors
- Encourage Greater Levels of Reinvestment on the Part of Distributors
- Enable Rewards Programs for Corporate Purchases
Reduce Corporate Transaction Costs on Wholesale Orders
ProPay SpendBack allows distributors to purchase wholesale products from corporate directly using funds in their ProPay account. With SpendBack, companies can significantly reduce the transaction costs associated with wholesale orders.
Simplify and Accelerate the Wholesale Order Process for Distributors
ProPay SpendBack also simplifies and speeds up the wholesale purchase process for distributors by allowing them to pay with the funds readily available in their ProPay account.
Encourage Greater Levels of Reinvestment on the Part of Distributors
Not only does ProPay SpendBack decrease transaction fees, but it has been the experience of ProPay that a significant portion of commissions paid to a ProPay account are then used to place wholesale orders. That is because it is easy for distributors to track their funds using the SpendBack functionality.
Enable Rewards Programs for Corporate Purchases
With the significant savings enabled by SpendBack, companies may keep those cost savings or choose to apply them towards rewards programs for distributors.