Balancing cash flow while providing customers with flexible payment options is a challenge every contractor and supplier faces. Waiting weeks for invoices to clear can slow down business, and credit card fees—often 2.5% to 4% per transaction—can take a big bite out of profits, especially on high-dollar sales. But turning down a sale because a customer needs more time to pay isn’t the answer.
With flexible payment solutions for contractors and suppliers, businesses can offer alternative payment options without sacrificing cash flow or taking on financial risk. Here’s how the right tools can help you get paid faster while avoiding late payments, bounced checks, or high credit card fees.
Large purchases like bulk materials or project supplies can strain a customer’s budget, especially when expenses hit all at once. While credit cards are an option, the processing fees reduce both your profit and your customer’s purchasing power. Offering Net 30 payment terms can help, but waiting weeks to get paid, or not receiving payment, can disrupt your cash flow.
A better option is to let customers spread payments over time using checks—while securing guaranteed funds upfront. This ensures that customers receive materials immediately, and you receive payment on schedule, even if a check bounces. Unlike waiting on invoices or risking returned checks, this approach keeps your cash flow steady while making it easier for customers to buy what they need.
For businesses that deliver materials, securing payment at the time of delivery helps maintain healthy cash flow and reduces the risk of delayed or missed payments. This can be done by obtaining pre-approval and collecting the check upon delivery.
This process ensures that payment is secured upfront, allowing you to focus on delivering great service without worrying about whether you’ll get paid.
In industries where margins are tight and cash flow is critical, late or missed payments can throw everything off track. Delayed revenue can slow down your ability to restock materials, pay employees, or cover operating costs. And when customers are slow to pay, it often means spending time chasing invoices instead of focusing on growing your business.
By using construction payment solutions that provide guaranteed funds, you can eliminate these risks and keep operations running smoothly.
For more than four decades, CrossCheck has worked with contractors, construction suppliers, and service providers across the country. We understand the unique challenges of balancing customer needs with the realities of running a business.
With the right tools in place, you can focus on growing your business, serving your customers, and maintaining steady cash flow—without the stress of delayed or missed payments. Whether you're delivering materials or managing large purchases, reliable payment solutions can help you get paid faster and with confidence.
Don’t let late payments slow you down. Contact CrossCheck today to learn how our flexible payment solutions for contractors and suppliers can help you get paid faster while reducing financial risk.