How becoming a vendor on ClassWallet’s platform helps expand your reach and streamline your business operations
As the leading digital wallet platform for public funds, ClassWallet works to revolutionize how public agencies distribute funds. All while helping to ensure compliance and improving outcomes for the fund recipients along the way. A major value add of the ClassWallet Marketplace is that businesses can reach more funded customers through the platform. There are even more benefits to be found for vendors doing business on ClassWallet, keep reading for five more.
- Expanded Business Reach ClassWallet connects vendors with a vast network of educational institutions and recipients of local and national government funds across the United States. By joining the platform, vendors can tap into a ready-made market, reaching new customers that they might not have accessed otherwise.
- Streamlined Operations One of the standout features of ClassWallet is its ability to simplify the complex processes behind ensuring compliance. Vendors on the platform benefit from automated payment and invoicing systems that adhere to strict compliance standards. This means less time spent on paperwork and more time focused on what vendors do best—growing their business and enhancing their offerings.
When a vendor accepts DirectPay, which allows them to receive payment through ACH on the ClassWallet platform, they can expect:
- Transparent partnership agreement, no surprises
- Swift onboarding process completed in days instead of weeks
- Accelerated ACH payments settled in days instead of weeks
- Vendors Love ClassWallet Rebecca Fisher from Beakerz Science shared her experience with ClassWallet:
"Being a ClassWallet vendor has connected Beakerz Science with families and educators in multiple states looking for curriculum that fits their needs. The process has been simple, especially as ClassWallet has been available to provide every kind of assistance throughout, and has made it possible to integrate the ordering process with our own website. The invoicing and payment process is also simple, allowing us to focus on providing our products. We look forward to continuing as a ClassWallet vendor and reaching more families as they grow."
- Award-Winning Customer Service ClassWallet’s commitment to excellence extends to its customer service. In 2024, ClassWallet was awarded with the prestigious J.D. Power recognition for delivering an “Outstanding Customer Service Experience” for phone support. Working with ClassWallet gives your customers access to our customer service team across phone, email, social media, text and chat, and in a variety of languages – meaning you don’t have to handle as many inquiries and can focus on generating more business.
- Data-Driven Success
- ClassWallet users have spent their funds with businesses in each of the 50 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
- Businesses in states where ClassWallet has a client footprint receive 26 times more revenue than businesses not located in a ClassWallet state.
- Fifty five percent of purchases on the ClassWallet platform are made at business locations with fewer than 20 employees, and 75% with fewer than 50 employees.
Joining the ClassWallet Marketplace offers a platform for vendors to thrive, innovate, and impact. If you’re a business owner ready to accept public funds through the ClassWallet Marketplace, get in touch with us.
The post Why Joining ClassWallet as a Vendor is a Smart Business Move appeared first on ClassWallet.