{"id":15206,"date":"2022-03-01T01:22:46","date_gmt":"2022-03-01T01:22:46","guid":{"rendered":"https:\/\/www.plastiq.com\/?page_id=15206"},"modified":"2024-10-11T15:35:47","modified_gmt":"2024-10-11T15:35:47","slug":"wholesale","status":"publish","type":"page","link":"https:\/\/www.plastiq.com\/industry\/wholesale\/","title":{"rendered":"Wholesale"},"content":{"rendered":"\n

\n\t\tPayments
Deep Dive: Wholesale\n\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tsign up now\n\t\t\t\t\t<\/a>\n\t

The shape of payments in wholesale\u00a0today.<\/h2>\n\t

Wholesale trade is 5% of total global B2B payments. It is a complex, high volume and fiercely competitive industry. Since 2020 pandemic disruptions, demand for digital commerce sales channels grew dramatically and suppliers also sought channels with greater margin efficiency. Successful wholesalers are seeking innovative ways to offer a better customer experience and shift from batch to real-time payment processes. Today, 54% of B2B orders are now placed via self-service on company websites, with this predicted to grow to 80% by 2025.<\/p>\n\t\t\t\n\t\t\t\t\t\t\tsign up now\n\t\t<\/a>\n

\n\t<\/h2>\n\t

Key Payment Challenges<\/p>\n

\n\t\tWholesale firms are facing some common challenges.\n\t<\/h2>\n

\n\t<\/h2>\n\t\t\t\t\"Manual\n

Manual
invoicing<\/h3>\t\t\n\t\t\t

Wholesalers generally engage in resource-intensive manual invoicing & payment processes, with an average DSO of 42-52 days.<\/p>\n\t\t\t\t\"Cash\n

Cash flow
predictability<\/h3>\t\t\n\t\t\t

Wholesalers often sell on account, deferring partial payment and delaying cash flow. Payment workflows are often fragmented & manual and offer limited visibility.<\/p>\n\t\t\t\t\"Low\n

Low
margins<\/h3>\t\t\n\t\t\t

Margins have always been challenging for wholesalers, and suppliers are finding ways to avoid splitting margins by pivoting to a D2C model.<\/p>\n\t

Plastiq Accept Solutions<\/p>\n

\n\t\tPlastiq Accept meets the challenges.\n\t<\/h2>\n

\n\t<\/h2>\n\t\t\t\t\"Automated\n

Automated
receivables<\/h3>\t\t\n\t\t\t

Plastiq Accept automates payment collection within existing invoicing or checkout methods.<\/p>\n\t\t\t\t\"Predict\n

Faster inbound
payments<\/h3>\t\t\n\t\t\t

Plastiq Accept provides real-time payment collection and end-to-end payment tracking.<\/p>\n\t\t\t\t\"Improve\n

Improved
profit margins<\/h3>\t\t\n\t\t\t

Plastiq Accept does not charge businesses for card processing tech investments, keeping costs down.<\/p>\n

\n\t\tPlastiq Accept solves payment problems before they’re a problem.\n\t<\/h2>\n\t\t\t\t\"\"\n\t\t

Promotes real-time payment collection<\/h3>\t\t\n\t\t\t

Promotes real-time payment collection<\/p>\n\t\t\t\t\"\"\n\t\t

Tracks open “unpaid” payment requests<\/h3>\t\t\n\t\t\t

Tracks open “unpaid” payment requests<\/p>\n\t\t\t\t\"\"\n\t\t

Advanced reporting & real-time notifications<\/h3>\t\t\n\t\t\t

Advanced reporting & real-time notifications<\/p>\n\t\t\t\t\"\"\n\t\t

End-to-end payment reports<\/h3>\t\t\n\t\t\t

End-to-end payment reports<\/p>\n\t\t\t\t\"\"\n\t\t

Flexibility to adjust to payment challenges<\/h3>\t\t\n\t\t\t

Flexibility to adjust to payment challenges<\/p>\n\t\t\t\t\"\"\n\t\t

Automated process shortens collection times<\/h3>\t\t\n\t\t\t

Automated process shortens collection times<\/p>\n\t\t\t\t\"\"\n\t\t

Offers more flexibility with multiple options<\/h3>\t\t\n\t\t\t

More flexibility-offers multiple options<\/p>\n\t\t\t\t\"\"\n\t\t

Enables card acceptance for budget-constrained SMBs<\/h3>\t\t\n\t\t\t

Enables card acceptance for budget-constrained SMBs<\/p>\n\t\t\t\t\"Get\n

\n\t\tUse Plastiq Pay and
keep cash in your
hands.\n\t<\/h4>\n\t

As a wholesaler, you need to buy inventory from domestic & overseas suppliers. Plastiq Pay helps you preserve cash on hand so you can extend the time to pay your expenses closer to the time when merchandise will sell. With easy digital payments to pay suppliers & vendors in the U.S. and over 45 countries, Plastiq brings convenience, transparency, and automation to your outgoing payables.<\/p>\n\t\t\t\n\t\t\t\t\t\t\tlearn more\n\t\t\t\t\t<\/a>\n\t\t\t\t\"Plastiq\n

\n\t\tNandansons gets paid smarter withPlastiq Accept.\n\t<\/h3>\n\t

The challenge: Nandansons were looking for an end-to-end credit card solution for their buyer portal with a great customer experience to deepen their competitive edge and that could scale across their divisions.<\/p>\n

The Plastiq Accept solution: Nandansons leveraged the Plastiq Accept Checkout SDK to embed payment capture in their ecommerce site with a single line of code. Now customers have the convenience of ordering & paying on the spot. Nandansons gets paid sooner and eliminates the manual work involved with chasing payments.<\/p>\n

\n\t\tThink Plastiq Accept is right for your business?\n\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tget started\n\t\t\t\t\t<\/a>\n\t\t\t
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