Dropshipping is a retail fulfillment method where e-commerce merchants don’t keep products in stock, but instead transfer the order to a wholesaler who then ships the goods directly to your customers. It’s an awesome way to make money online, but there are some limitations with traditional banking. Winden steps in to provide the solutions to these problems, helping dropshipping businesses and entrepreneurs not to lose out.
Firstly, there’s the problem of credit cards for dropshippers. If you’re a regular online marketer or you’re dropshipping online, you’ll know that credit card processing is not instantaneous like traditional banking. Banks usually take anywhere from 2 to 3 days before they transfer funds into your account. Some banks will even hold large transactions for up to 7 days or more!
Winden offers an instant payout solution to eliminate the frustration of waiting for transactions to come through. You can now get your profit from payment processors and other major platforms as soon as the next business day. You no longer have to wait up to five days for your payouts thanks to Winden’s innovation. Winden helps businesses keep track of their finances and keep their cash flow going forward by allowing them to obtain their money from payment processors and other platforms earlier than usual.
Unlimited Cash Back
Dropshippers also come across the problem of Cashback with traditional banking. Almost all banks offer cash backs on shopping, but they usually offer it based on the catalog price of the product. This means that you won’t get any cashback if the product’s price increases by 10% or even more.
Winden provides yet another timely solution with its cashback scheme – you get unlimited cashback with Winden. This includes an instantaneous 1% cashback on all of your advertising costs using your Winden card. Thanks to Winden’s model, you’ll even earn 3% cash back on the first $10,000 in ad spend to help you get your money back faster.
Unlimited Credit Cards
Dropshippers may find that only having one card poses an issue for their business. It would be ideal if your e-commerce company only required a single card, but such is not usually the case for dropshippers. You might also want to utilize distinct cards to keep track of your expenses, or use one for advertising and another for overhead expenditures or supplies, for example. Also, employees may find it useful to have access to a card on occasion. None of this is feasible with only one credit card.
Winden doesn’t just offer one or two extra cards but offers users an unlimited amount of virtual cards for any conceivable business situation. This allows them to give other employees virtual cards if required, and to use distinct cards for various payment options, etc.
One of the biggest challenges that dropshippers face dealing with traditional banks is their high fees. According to a study by Bankrate, the average monthly fee of interest checking accounts rose to $16.35, the average monthly fee for non-sufficient funds amounted to $33.58 and then there are excessive transaction fees, wire transfer fees, account closing fees, Out-of-network ATM fees and the list goes on.
Winden is here to negate the notion that high fees are necessary for banking. In fact, they have zero fees. There are no account creation fees, no balance transfer, deposit, minimum balance or transaction fees. For Winden, money is earned through other methods, not by squeezing funds out of their clients’ hard-earned money.
They have been able to provide an ultimate solution for dropshipping and a multitude of other digital business ventures as justified by Winden reviews. Whether you’re an online marketer, freelancer or affiliate, Winden’s services are available to help you start and continue your online business and grow.
Winden is taking on the task of creating banking for the internet economy, and they’re developing innovative financial products and services to empower entrepreneurs and digital businesses.