DALLAS—Mainstream financial institutions aren't always willing to give credit where credit is needed ... particularly in the adult marketplace. So what's a business owner to do? C.O.D. Capital has evaluated this problem and believes it has a solution: a check guaranty service to finance C.O.D. shipments between vendors and retailers.
Now, C.O.D. Capital is reaching out to make the adult industry aware of its services. According to a company release, no adult industry vendor or retailer will be turned down.
C.O.D. Capital is a check-hold finance company that guaranties C.O.D. shipments between retailers and vendors to reduce collections risk. Registering with C.O.D. Capital enables terms to be offered to 100 percent of U.S. customers (buyers/retailers) at no risk or recourse to the vendors (wholesalers/manufacturers). C.O.D. Capital can supplement a vendor's terms to existing customers and offer terms to those that previously did not qualify.
The company's check-hold financing program assists the vendor and the retailer in several significant ways.
From the perspective of vendors looking to ship orders, C.O.D. Capital facilitates their ability to ship orders to retailers they might not be willing do business with if not for the check guaranty program. This incremental shipping (which translates to sales) is one of the major selling points to the vendor. Once C.O.D. Capital approves an order to be shipped by the vendor, the vendor is assured of receiving funds.
The program allows the vendor to eliminate the risks that are associated with sending packages and hoping to get paid upon delivery. First, C.O.D. Capital pre-authorizes and guarantees the shipment to the retailer, which eliminates the problem of shipments being returned. Second, C.O.D. Capital purchases the check from the vendor (non-recourse) once it is received back from the shipping company, therefore eliminating the second risk associated with C.O.D. shipments: NSF (non-sufficient-funds) checks.
Because of these major incentives, vendors are able to ship to customers who are not eligible for house credit and in many instances do not have a credit card that will cover the amount of their order.
From the retailer's perspective, C.O.D. Capital allows the retailer to purchase merchandise from their vendor they might not ordinarily be able to obtain. Based upon C.O.D. Capital's underwriting of the retailer and because of the check guaranty to the vendor, the retailer is able to place orders with the vendor and have the vendor ship to the retailer on a C.O.D. basis.
Also for the benefit of the retailer, C.O.D. Capital does not deposit the retailer's check immediately once it's received. C.O.D. can hold the check for 30 days or even 60 days from the date the merchandise was received, which allows the retailer time to sell merchandise before they have to pay. In addition, C.O.D. Capital can structure payments into smaller increments on large orders to make the payments more affordable for the retailers. All the while, C.O.D. Capital will have already paid the vendor upon the receipt of the checks, based upon pre-determined funding arrangements.
"The adult industry has been denied the financing available to mainstream industries for too long," said Tony Albritton, regional sales director at C.O.D. Capital. "We're an innovative company, so who better to offer our services to? And our rates are competitive."
For more information, visit CODCapital.com or call Albritton at (214) 296-9503, or directly at (817) 317-6289, or email him at [email protected].
