High Volume Merchant Accounts for Wholesale Food Distribution Companies

High Volume Merchant Accounts for Wholesale Food Distribution Companies

 

Growing your business is hard enough in a slow economy. Forecasting a year or more for your business is the least you as a merchant should be doing to stay in business for one year to the next. Today, savvy owners and senior management are concentrating on seeing through the current circumstances and look to the future of their respective industries as a whole. When times are tough or slow, planning, changing direction and growing your business are the most productive uses of your time as weathering a storm is much easier if you are able to prepare for better skies down the road. The concept of a burning platform in business has been around for a long time; however, today is swallowing businesses whole in no time flat. The burning platform concept dictates that organizations need to change and adapt to their external environments, not just to remain competitive, but to remain. While larger companies may enact a ten year plan involving supplier relations and new markets, medium and smaller size company’s needs are more short term oriented. They tend to make decisions that will sustain their business for the next two to five years and concentrate on product and franchise or dealer differentiation. What many businesses are doing is finding ways to increase their cash flow by reducing unpaid invoices and charge offs. The answer to this is obtaining a merchant account to handle a high volume of sales.

Regardless of the size or type of wholesale distribution business you are, one common goal that all businesses set is growth. While, it’s nice to set the world on fire, most growth is arduous and calculated. A lot of wholesale merchants that enjoy high volume, uninterrupted processing capabilities are B2B businesses and wholesale distribution companies. To them, their ability to process credit cards is essential to their business surviving on a weekly basis. For other businesses, high volume processing is not completely unattainable. Credit card processors have proved to be quite helpful to medium and even small businesses that want a high volume account. The application process is the same as the traditional merchant account, and set up times are just as quickly, sometimes faster than conventional merchant accounts. Many credit card processors that offer high volume merchant accounts not easy to find. There are specialists you can work with that will know your industry from the inside out how ever you will have to do some digging to find them. Check with your associations, look online and check your mail. These vendors offer unique custom tailored processing solutions for merchants specifically in your industry.