Infinity Data
ESSENTIAL MERCHANT PROCESSING SOLUTIONS FOR SUCCESS IN THE WHOLESALE INDUSTRY
Merchant processing is crucial for the wholesale industry due to several key factors that directly impact the efficiency, profitability, and growth potential of wholesale businesses.
Improve Profit Margins
Wholesalers encounter distinct challenges in payment processing due to their business model. With thinner profit margins than retailers, credit card processing fees become a major concern, as even minor percentage fees can significantly affect their overall profitability.
High Transaction Volumes and Values
Wholesalers often handle large orders and high transaction volumes, which can strain payment processing systems and increase the risk of errors. This requires robust and scalable payment solutions that can handle the volume without compromising speed or accuracy.
Manage Complex Payment Structures
Many wholesalers provide complex payment structures to their client base, including volume discounts, bulk pricing, and negotiated terms, which can complicate the payment process and necessitate the use of more sophisticated payment systems to manage these arrangements effectively without sacrificing profit margins.
Infinity Data Provides Flexible Payment Options
To meet customer expectations, wholesalers need to offer a variety of payment options, including:
- Credit cards
- ACH transfers
- Debit cards
- Flexible payment terms with invoicing
This requires a versatile payment processing system that can accommodate multiple payment methods to facilitate billing and receivables all in one.
Transactional Security Features
With high-value transactions, security becomes paramount. Wholesalers need payment solutions that offer robust security features such as:
- Point-to-point encryption
- Tokenization
- Fraud management applications
- Infinity Data's dedicated security and fraud support team
Integration with Existing Systems
Infinity Data’s payment platforms integrate seamlessly with existing operations and software to avoid adding friction to billing and invoicing that generally increase processing time and costs. To address these challenges, wholesalers require payment processing solutions that offer low-cost options, flexible fee structures, robust security features, and excellent customer support. Additionally, by implementing alternatives like ACH and debit card payments which help reduce transaction costs and safeguard profit margins.
Customer Service and Support is Crucial for Wholesalers
Infinity Data recognizes the critical nature of payment processing for wholesalers, who heavily depend on remote transactions. To address this, we offer a robust customer support department and a dedicated support portal. These resources provide swift assistance and troubleshooting, minimizing potential downtime and ensuring that wholesalers can maintain their operations with minimal disruption, unlike retailers who have the fallback option of cash payments. Wholesalers must operate continuously with minimal downtime to remain profitable despite their narrow profit margins