CrossCheck Blog

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.

The building materials sector faces significant challenges in 2025, influenced by factors such as inflation, potential tariffs, and rising demand for sustainable products. As the economy remains unpredictable, suppliers must find ways to streamline operations and mitigate financial risks, with a focus on efficient payment processing.

In the world of B2B commerce, payments are the lifeline of strong partnerships. For businesses like auto parts suppliers, building materials suppliers, veterinary and medical equipment suppliers, office supply dealers, and more, accepting checks remains a cornerstone of business transactions. But with checks come inherent risks, like returned checks for insufficient funds or stop payments. CrossCheck, a leader in payment solutions, offers several tools to secure your transactions and streamline payment processes: Check Guarantee Check on Delivery (COD) Multiple Check

In the competitive world of auto sales, a perfect Customer Satisfaction Index (CSI) score is more than a badge of honor; it’s a crucial measure of success. CSI scores, derived from post-sale customer surveys, reflect the overall buying experience at a dealership. High scores signify excellent service, attracting new buyers and fostering customer loyalty, while low scores can harm both reputation and profitability. A 2024 J.D. Power Customer Service Index study on luxury and mass market brands outlines the most important areas of focus for dealers:

Is the construction industry headed for a slowdown? Don't let wobbly markets and high interest rates throw a wrench in your cash flow! Here's a breakdown of what contractors and building material suppliers can expect for the rest of 2024, plus smart tips to ensure you get paid on time - no matter what the economy throws your way.

With our customers’ success in mind CrossCheck has created payment processing solutions that will appeal to all building materials vendors, especially as construction is slowing down compared to recent years and each transaction becomes more important.

For auto dealers, one crucial aspect often raises concerns – accepting checks for down payments. To ensure a sale, you want to provide customers with flexible payment options. This is where CrossCheck's Auto Industry RDC Solution (C.A.R.S.) program comes into play. C.A.R.S. is a suite of check guarantee solutions, which allows auto dealerships to accept checks for down payments without the risk of not getting paid. It includes RDC (Remote Deposit Capture) and Multiple Check, which lets the customer write up to four checks to be deposited at agreed upon intervals. Also included is Check on Delivery, which is especially valuable to the service department as dealerships can pre-approve payment of delivered parts orders.

According to the Association of Equipment Manufacturers (AEM), both sales and rentals of heavy equipment for the construction industry is expected to climb after the new year, even on top of a decent sales increase during 2021. In order for heavy equipment sellers to take advantage of that growth and secure each sale, CrossCheck has developed services that will ensure payment on everything from rentals to the purchase of big-ticket items, with our Multiple Check, Check on Delivery and Check Guarantee.

John is a building materials supplier. He has just received a wish list of innovative materials from a general contractor who is building an office and lab for a tech manufacturer. John knows the wish list is expensive but is excited to be part of creating what promises to be a structure that will revolutionize the construction industry and hoist it into tomorrow.

All motorcycle manufacturers have been rejoicing as sales increased dramatically during the first half of this year, following an almost disastrous 2020. For instance, Italian manufacturer Ducati posted a 33% increase for Q1, while Harley-Davidson notched a 24% uptick for Q2.