Early-payment discounts (EPDs) can help in fostering closer relationships with wholesale customers. By providing versatile payment terms and minor rebates for early payment, companies express gratitude, promote loyalty, and establish trust. This incentive aids in the growth of partnerships and long-term cooperation. What Is an Early Payment Discount (EPD)? Early...
Net Terms vs. Real-Time Payments: What Works Best for Your Wholesale Business?
Relationships, inventory cycles, and steady cash flow are key components of successful wholesale businesses. These dynamics are based on payment practices, such as allowing real-time payments or providing net terms. Net terms, such as Net-30 or Net-60, have long been a common business offering, giving buyers flexibility and allowing sellers...
Managing and Disputing Chargebacks in the Distribution Sector
Distributors suffer a lot due to chargebacks. They occur when a customer or client challenges a transaction and funds are refunded. While they’re often associated with retail or e-commerce, chargebacks also hit the distribution industry hard. Why are chargebacks so important? They don’t just take a bite out of your...