The holiday season isn’t just a festive time of year—it’s a critical period for your merchants to boost revenue and strengthen their businesses. This month represents 20% or more of their annual revenue for many, making the right support crucial to their success.
As a broker, you’re already on the front lines, helping your merchants secure their needed resources. But the holiday rush brings unique challenges and opportunities, and partnering with the right funding partner can make all the difference.
The Holiday Rush: Big Numbers, Bigger Opportunities
The holiday season continues to deliver impressive numbers:
- The U.S. retail sector is poised for another strong holiday season in 2024, with retail sales projected to grow by 2.5% to 3.5%, reaching a staggering $5.23 to $5.28 trillion for the year.
- E-commerce continues to be a key driver, with online and non-store sales expected to increase by 7% to 9%, totaling between $1.47 and $1.50 trillion, up from $1.38 trillion in 2023.
For merchants, these numbers highlight the enormous potential of the holiday season to drive revenue and build customer loyalty. With the average American planning to spend $902 on gifts, the opportunity is there for those ready to meet the demand.
Seasonal Challenges Merchants Face
While the holidays bring opportunity, they also introduce unique pressures for merchants:
- Cash Flow Crunch: Balancing multiple MCA payments while investing in inventory and marketing.
- Inventory Strains: Anticipating and stocking the right products to avoid shortages.
- Higher Costs: Increased advertising and staffing expenses during the busy season.
As a broker, you understand these challenges better than anyone. That’s why quickly connecting your merchants with the right funding partners is critical to keeping them ahead of the curve.
Expert Advice from Angie Marks: Enhancing the Funding Process
To add even more value, we spoke with Angie Marks, Director of ISO Relations at Nexi, about how brokers can make the funding process seamless during this busy season. Here’s what she shared:
- Transparency Builds Trust:
“Clear communication about how Reverse Consolidation solutions work and what merchants can expect is essential. Brokers who are upfront about the process foster trust and set the stage for long-term relationships.” - Preparation Speeds Up Success:
“Encourage merchants to have their financial documents ready—this can save everyone time and ensure approvals happen as quickly as possible.” - The Value of Tailored Solutions:
“Understanding a merchant’s business model and cash flow needs is key. Personalized options go a long way in ensuring their success during the holiday rush.”
Nexi’s Solutions: Supporting Merchants When It Matters Most
At Nexi, we’ve designed Reverse Consolidation solutions to make it easier for brokers to help merchants seize every holiday opportunity. Here’s how we support you and your merchants:
- Reverse Consolidation: Simplify multiple MCA payments to free up cash flow for holiday investments.
- Lightning-Fast Offers: With our rapid turnaround time, you can expect to receive funding offers in under an hour.
- Streamlined Process: Three easy-to-follow steps to save time and focus on results:
🔹 Bank Verification
🔹 Balance Confirmation
🔹 Proof of Receivables - Rapid Commission Payouts: Get paid within 24 hours of funding.
- No Holiday Slowdowns: We work as quickly as you do to keep your business thriving.
The holiday season is a unique opportunity for both merchants and brokers. With the right support, merchants can make this their best season yet—and that success reflects on you.
By partnering with Nexi, you’re offering your merchants an opportunity to thrive when it matters most. Let’s work together to make this holiday season a win for everyone.
📞 Contact Nexi today at 1-800-499-NEXI (6394)
💼 Register as a New ISO/Broker
📅 Book a Call with an ISO Rep