CrossCheck Blog

The Southeast Acquirers Association (SEAA) conference in New Orleans was a whirlwind of insights and discussions. A major talking point? Surcharging and the potential impact on both merchants and consumers. There are sure to be many more discussions during the Midwest Acquirers Association (MWAA) happening now in Chicago and CrossCheck’s own VP of Partner and ISO Relations Travis Powers will be on hand to answer questions and offer solutions to take to your merchant clients.

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.

As housing prices keep increasing, flooring will take its place next to other fast-growing home improvement industries. Look especially to radiant floor heating, which is not only a comfort-inducing option for home improvement, but also an environmentally sound option for heating your home.

Whether it’s a big job or a small job, window installers have to respond, ready with a quote and payment options. In the big picture, according to research done by Principia Consulting, repair and remodel volume for windows is expected to grow at an annualized rate of 5.3% through 2023. Of course, that doesn’t really take into account little Billy, who kicked his soccer ball through the new kitchen window.

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.

If your business sells building materials to the construction industry, then you already know that it takes a long time to get paid. It doesn’t matter what you sell — lumber, dry wall, plumbing supplies, roofing materials, flooring — the contractors who buy from you have cash-flow issues that they deal with every day. The 2019 National Construction Payments Report, a survey conducted in collaboration between Levelset and TSheets by Quickbooks, concluded that getting paid in the construction industry is slower than just about every other industry. How slow? The average time to payment is 83 days!

Build Expo, the premier event for the building supply and construction industries, launches its 2019 – 2020 multi-city lineup of shows March 6 and 7 at the Los Angeles Convention Center from 10 am to 3 pm. The Build Expo is attended by a wide variety of industry professionals, including building supply dealers, general contractors, home builders, engineers, and designers. The expo features over 20 educational workshops and seminars, hundreds of exhibitors, and thousands of products and services. The event allows visitors to attend and take part in workshops and seminars for free.

According to the National Association of Home Builders (NAHB), construction companies and housing currently contribute 15 – 18 percent to the nation’s Gross Domestic Product (GDP). Those statistics and additional housing data are available via the organization’s website, including information about membership, blogs and publications, construction codes, educational opportunities and political advocacy. The NAHB is a federation of more than 700 state and local associations representing more than 140,000 members. Approximately 33 percent are construction companies in home building and remodeling while the remainder “work in closely related specialties such as sales and marketing, housing finance, and manufacturing and supplying building materials.” Furthermore, NAHB members are responsible for constructing about 80 percent of the new single-family and multifamily homes in the United States each year.