Payment dilemma

The Payment Terms Dilemma

November 15, 2023Late Payments , Uncategorized

The Hidden Pitfalls of Offering Extended Payment Terms in Wholesale Business To be competitive today, offering extended payment terms to wholesale customers is a necessary evil. However, this seemingly customer-friendly approach often leads to a host of challenges, resulting in late payments, increased debtor days, and mounting bad debt. In this article, we delve into …

Read more

Navigating Payments: Wholesale payments vs D2C

October 10, 2023Late Payments

The way payments are handled can make or break a deal. While individual consumers enjoy a buffet of payment options, the story is quite different in the wholesale realm. Wholesalers often find themselves juggling overdue invoices, complex trading terms, and limited payment avenues. 1: The Disparity in Payment Options For a large percentage of wholesale …

Read more
Boost Sales with Automated Payment Reminders

Boost Sales with Automated Payment Reminders

March 27, 2023Late Payments

Late payments from customers are a common issue for most wholesalers. Without a proper payment management system, it can be difficult to keep track of who owes you money. This is where automated payment reminders come in handy, helping wholesalers streamline their payment process and improve sales. PencilPay’s software allows you to set up automated …

Read more