Best Merchant Accounts for Wholesale Distributors

Every second counts when you’re a wholesale distributor and keeping products moving rapidly from manufacturers to wholesalers while streamlining internal logistics is crucial. Finding a merchant account follows the same general guidelines. If you want to save money without sacrificing quality, shopping around for a provider that can meet your company’s needs at a fair price is essential.

For B2B companies like distributors, the best payment processing solution is a virtual terminal that provides features like automated billing, ACH processing, accounting software integration, and an approach to Tier 2 and 3 process rates. We’ve compiled a shortlist of the best merchant accounts for wholesale distributors to help you narrow down your options. These businesses provide various services that can improve the efficiency of your distribution center, including virtual terminals, online billing, and MOTO processing. They are also well-known for their low-commitment contracts, honest pricing, and outstanding support.

Best Merchant Accounts for Wholesale Distributors

• First Data Wholesale
• Payment Cloud
• HostMerchantServices
• BluePay Wholesale
• Durango Merchant Services
• CDG Commerce
• Elavon

First Data Wholesale

As a global leader in merchant services, First Data offers wholesale distributors payment processing solutions. They provide a variety of card readers, POS systems, virtual terminals for accepting payments, and security features such as encryption and tokenization to protect against fraud. First Data also provides various reporting and analytics tools to assist businesses in gaining valuable insights into their payment data and 24-hour customer support. They give diverse integration options for businesses of all sizes, making it simple to implement their services.

Payment Cloud

Payment Cloud is a premier merchant provider that caters to many business types, from standard to high-risk merchants. With a comprehensive suite of products and services, PaymentCloud helps businesses accept payments seamlessly, including mobile phone swipers, an online payment gateway, a virtual terminal, merchant cash advances, point-of-sale solutions, and EMV-compatible terminals. This allows companies to accept payments through traditional means, mobile devices, and online billing, making PaymentCloud an ideal option for businesses heavily invested in Salesforce.

One of the stand-out features of PaymentCloud is its dedicated account representative service, where all new merchants will be assigned a personal representative who will be available to assist them throughout their accounts. The company has a stellar reputation, with no negative feedback or reviews on public forums. PaymentCloud’s commitment to customer satisfaction sets them apart in the merchant services industry.

HostMerchantServices

Host Merchant Services (HMS) is a provider of merchant accounts that offers a full menu of products and services for wholesale distributors of all sizes. E-commerce businesses can use the company’s merchant cash advance, mobile and credit card processing gateway.

When you sign up for Host Merchant Services, you’ll immediately have access to a free email address and website, further simplifying opening a business online. Distributors expecting to receive most of their payments digitally will find them a cost-effective option.

Clients speak highly of Host Merchant Services, and feedback about the company is uniformly positive. The overwhelming majority of reviews rave about the company’s stellar customer service. Host Merchant Services use interchange-plus pricing, and there are no fees for canceling service early.

BluePay Wholesale

This company provides a comprehensive suite of payment solutions tailored to the needs of wholesale distributors. They offer online, mobile, and recurring payments, allowing businesses to accept payments from customers simply and securely. They also provide advanced fraud detection and prevention tools, such as account updates, tokenization, and AVS, to protect your company from fraud.

BluePay also provides 24-hour customer service and a variety of integration options, such as a shopping cart and a virtual terminal, to make it simple to integrate their services into your business.

Durango Merchant Services

Durango is a service provider that focuses on supporting wholesale distributors. They offer a comprehensive suite of payment solutions, including online, mobile, and recurring payments. Along with fraud detection and prevention tools, they also provide competitive pricing for wholesale businesses. They have an array of integration options, including a virtual terminal and 24/7 customer support to help you set up and optimize your account.

CDG Commerce

An excellent choice for distribution companies looking for a dependable and cost-effective solution. CDG, headquartered in Chesapeake, Virginia, has been a privately held company since 1998 and provides a collection of services such as a proprietary payment gateway, mobile phone processing, QuickBooks integration, sales reporting, and security features such as breach protection and vulnerability analysis.

Wholesale distributors can benefit from a simple, integrated approach to online and in-person payments with CDG Commerce, all for a small, fixed fee per transaction. Furthermore, CDG provides competitive contract terms with no monthly minimums, annual or termination fees, and next-day funding for most business types.

Elavon Wholesale

For wholesale distributors, Elavon is a top supplier of merchant services. They provide wholesale distributors with payment processing solutions that make it simple to accept payments from customers using credit and debit cards and e-commerce. The distributor and the customer can feel more at ease using Elavon’s fraud prevention tools and secure payment gateway.

Wholesale distributors can streamline their payment procedures with Elavon while concentrating on expanding their businesses. Additionally, Elavon’s customized solutions, like inventory management integration and recurring billing options, can be adjusted to meet the unique requirements of any wholesale distributor.

Factors to Consider When Choosing a Merchant Account for Wholesale Distributors

Accepted payment methods

Wholesale distributors frequently deal with customers who prefer different payment methods, such as credit and debit cards, ACH, and cryptocurrency. It’s critical to find a merchant account provider who accepts multiple types of payments so that your company can get all payments from customers. This will boost your sales and customer satisfaction.

Fees and pricing structures

Merchant account providers typically charge transactions, chargebacks, and other services. To find the best deal, you need to understand the fees and pricing structures of the provider you’re considering and compare them to other providers. This will allow you to cut costs while increasing profits. Check for any hidden fees or charges that may also apply to your account.

Safety and fraud prevention measures

You are constantly in contact with sensitive customer information as a wholesale distributor. Finding a merchant account provider with solid security and fraud prevention measures is critical to protect your company and customers from fraudulent activities. Compliance with the Payment Card Industry Data Security Standards (PCI DSS) and encryption of sensitive information are examples of this.

Integration with accounting and inventory management software

Many wholesale distributors use accounting and inventory management software to streamline their operations. Find a merchant account provider that can integrate with these systems to make it easier to manage your business. It Will assist you in automating many processes, saving time, and reducing errors.

Customer service and support

Running a wholesale business, especially regarding payments, can be difficult. You should focus on finding a merchant account provider who provides excellent customer service and support to assist you with any issues that may arise. Good customer support includes quick response times, knowledgeable and helpful representatives, and detailed documentation and resources.

Conclusion

Finding the best merchant service provider is vital to accept payments and expanding your wholesale distribution business. Go with a company from our recommended list of merchant accounts for wholesale distributors. You can rest assured that you will have access to advanced payment options, robust security features, and helpful reporting tools designed with wholesale businesses’ specific needs.

More importantly, before settling on a wholesale distributor, be sure to do your research by looking around at different options, comparing prices and fees, and reading reviews and feedback from previous customers.

Following the tips and suggestions in this article, you should have no trouble locating a reliable merchant services provider for your wholesale distribution company.