Online retail aggregators that use upstream merchants instead of keeping an inventory of goods need to provide a single-cart checkout experience with a single payment for the consumer, while paying multiple merchant vendors to fulfill the order.
In drop shipment, real-time issuing of virtual cards enables multiple supplier payments within a single transaction. This ensures faster order fulfillment and a better customer experience. It also eliminates the need to lock up capital to pay merchants, supporting volume sales at seasonal peaks.
Key benefits for online marketplaces
Creation of multiple virtual cards at once
Enable a single checkout model per customer order while paying multiple suppliers in one transaction.
Instant issuance at scale
Avoid order delays, improve the overall fulfillment days, and create a great customer experience. Quickly grow your supplier network without the need for merchant integration.
Dynamic spend controls
Avoid overpayments and optimize cash flow by limiting authorizations to a specific amount.
JIT (Just-in-Time) Funding
Fund an account based on activity and manage peak transaction volumes without exceeding credit limits.
Receive notifications on card activity as events happen (e.g., alerts on returns and refunds to help apply credit on the account).
Inject metadata into each transaction record
Automate reconciliations and reduce errors (e.g., ensure order numbers match in transaction records and your order system).