The Benefits of Offering Payment on Account with PencilPay

For wholesale businesses offering their products on payment terms, managing cash flow effectively is essential for sustainable growth and success.

One strategy that can significantly impact cash flow management is offering payment on account to customers.

In this article, we’ll explore the benefits of offering payment on account using PencilPay, leveraging its integrated payment solutions to streamline the process and optimize cash flow.


Streamlined Wholesale Business Account Management

By offering payment on account, wholesalers can establish long-term relationships with their customers and streamline the account management process.

With PencilPay’s integrated payment solutions, wholesalers can easily set up and manage wholesale business accounts, ensuring seamless transactions and improved customer relations. 


Flexible Wholesale Payment Terms

PencilPay enables wholesalers to customize wholesale payment terms to suit their business needs and preferences.

Whether it’s offering net 30, net 60, or other credit terms, wholesalers can provide flexibility to their customers while maintaining control over cash flow.

This flexibility enhances customer loyalty and encourages repeat business, driving revenue growth.


Enhanced Cash Flow Predictability

Offering payment on account with PencilPay allows wholesalers to predict and manage cash flow more effectively.

By automating payment processing and reconciliation, wholesalers can reduce the risk of late payments and minimize disruptions to cash flow.

This predictability enables wholesalers to plan and allocate resources more efficiently, supporting business growth initiatives.


Automated Payment Processing

PencilPay’s automated payment processing capabilities simplify the payment collection process for wholesalers.

With integrated payment solutions, wholesalers can accept payments seamlessly, whether it’s via credit card, bank transfer, or other payment methods.

This automation reduces manual intervention, speeds up the payment cycle, and improves overall operational efficiency.


Improved Customer Experience

By offering payment on account through PencilPay, wholesalers can enhance the customer experience and strengthen relationships with their clients.

PencilPay’s user-friendly interface and customizable payment options make it easy for customers to make payments, resulting in greater satisfaction and loyalty.

Additionally, PencilPay’s automated reminders for overdue payments help maintain positive relationships and minimize payment delays.



Offering payment on account with PencilPay offers numerous benefits for wholesalers, including streamlined account management, flexible payment terms, enhanced cash flow predictability, automated payment processing, and improved customer experience.

By leveraging PencilPay’s integrated payment solutions, wholesalers can optimize cash flow, drive revenue growth, and achieve long-term success in today’s competitive wholesale market.