Reselling is hardly a recent fad: from a low entry barrier to a flexible schedule, the promise of high earnings is a powerful incentive for many entrepreneurs at heart to join the ever-increasing cohort of intermediaries. Whether you’re reselling branded footwear, trying your luck with antique electronics, or trading rare collectible items, effective finance management is crucial for staying on top of your game. Enter payment cards for reseller, a necessary tool in the business known for its volatility and ever-changing dynamics. In this guide, we’ll delve deeper into the financial literacy aspect of reselling and discuss why using payment cards and issuing platforms will bring you a step further to success.
Effective Financial Management
Using a single card for different revenue streams is not a good idea, as tracking finances quickly transforms into a burdensome and time-consuming task. Separate cards partially solve the problem, as they help determine the profitability of each income stream. Linking separate cards to one account is the best approach for maintaining different balances and limits, which helps avoid overspending and further confusion.
The Wallester Business card issuing platform is a godsend for multiple-revenue entrepreneurs who want to grow and scale their businesses. Some of the platform’s basic features allow you to order and activate virtual and physical payment cards for reseller, create new cards for separate projects or large transactions, and entrust your money to your partners and employees. The platform is a foolproof approach to finance management: desktop and mobile apps provide detailed stats of money use, allow setting transaction limits, and approve or reject payments.
Maximum Security
As with many other businesses, reseller are forced to operate in an environment where they can stumble upon scammers or hacked accounts, risking thousands of dollars in one faulty transaction. How can you shield your business from market hazards and avoid being preyed upon by dishonest actors? The answer lies in payment cards for resellers that allow for mitigating a bigger half of the risks.
The Wallester Business platform is equipped with advanced security features, like automatic 3DS authentication and PCI DSS Level 1 compliance. The majority of pricing plans come with generous limits for virtual card issuance. If you plan to execute a major transaction, you can always create a new payment tool and close it at your convenience without losing access to the main account.
Reselling is a dynamic market that requires quick decision-making. Top-tier security features aren’t a hindrance but a boon: add verified counterparties to the whitelist, automate your workload, and conduct transactions in a split second without multi-factor authentication. Wallester helps reseller bypass technical and administrative formalities without compromising their security.
Going Global
Cash and traditional payment instruments curb your reselling potential to one region or even a single city. Going global is replete with possibilities, as you can find a new untapped niche and deliver rare and exotic goods to customers worldwide.
How do you monopolize your niche before other players enter this market segment? Payment cards for reseller offer a tentative solution to the problem, as they provide instant currency conversion at favorable rates and fast money transfers to the seller’s account. Avoid financial and administrative quagmires, and buy and sell from a single account on global marketplaces, like eBay, StockX, or Amazon.
Development is at the core of Wallester Business, which is constantly expanding to other regions and partnering up with new international payment systems. Currently, the platform operates in the UK, the EU, and many other countries.
Save Money with Beginner-Friendly Tariff
Opening new accounts for separate business ventures is time-consuming and costly; although the price of a couple of dozen dollars may not sound too high, it can easily transform into hundreds over the course of a year. Reselling newbies, who are just testing the marketing waters, may come to a faulty conclusion that it’s more trouble than it’s worth.
Wallester Business offers a solution to this common problem: as beginners gain access to free tariff plans, they can increase their business profitability and optimize costs. With the free plan, you can access the platform’s main features and issue up to 300 free virtual cards, which would typically cost you from €0.1 to €0.35, depending on the subscription. If you’re subscribed to a paid plan, you can also save an extra penny: cancel accounting or analytical services and avoid paying for additional paid services if you are satisfied with basic features.
Reselling boasts a low entry barrier and potentially high earnings. Payment cards are crucial for upping your game and succeeding in the dynamic and volatile industry. Set limits, create new payment instruments, and conduct transactions in a split second — all from one platform.