Wholesale orders: Reduce fees and reinvest in your business

Let’s face it, wholesale orders can be a pain in the bottom line for both companies and distributors. For companies, there’s processing costs attributed to transactions, and for distributors, placing wholesale orders often means a complicated process of ordering and juggling both a personal and a business account in order to keep expenses separate.
 
If ordering wholesale causes you a whole lot of expense and anxiety, ProPay has a solution: ProPay SpendBack® program. SpendBack is like a “Payment Intranet.” The program lets distributors pay for their wholesale orders directly through their ProPay account at significant savings to the wholesaler. SpendBack also significantly decreases the cost that companies pay on wholesale orders, and promotes distributor activity by simplifying the wholesale purchase process. With SpendBack, distributors and companies both save money, which can then be reinvested back into their business.
 
For companies, ProPay SpendBack can decrease credit card transactions fees from approximately 50 to 70% by direct-selling to the distributor and accepting payment directly from the distributor’s ProPay account. Companies can also create an incentive program for wholesale purchasers and reward their distributors through the use of loyalty points, commission or credits, or simply keep the cost savings themselves and reinvest it into their business.
 
For distributors, SpendBack offers the ability to purchase wholesale products from a corporation directly, using funds in a distributor’s ProPay account, rather than paying for the wholesale order with a business or personal credit card. SpendBack functionality also lets the distributor track, spend and manage business funds and expenses separately from their personal expenses, eliminating the need for a distributor to open a business account. Additionally, distributors can enjoy the use of debit card services without a minimum balance.
 
Here’s an example of how SpendBack works. Imagine a distributor has $200 in their ProPay account and wants to place a wholesale order on a corporate website for $175 The distributor can simply use their ProPay account and at checkout, can see their ProPay balance, and apply the funds to the purchase. By direct-selling to the distributor and accepting payment through the ProPay account, the corporation decreases its transactions fees and can invest the money toward incentives or commission for the distributor to promote their continued purchasing and activity.

When it comes to wholesale orders, choose ProPay’s SpendBack program for an easy way to reduce costs and save money.  
 
For more information call 844.896.3209, email sales@propay.com or visit www.propay.com.