Happy New Year! ...or is it? While most of us are cruising into 2020, eagerly looking forward to the months ahead, there is another New Year celebration that has yet to happen- The Lunar New Year! If you are unfamiliar, Lunar New Year, also known as the Spring Festival, is the biggest holiday in Chinese culture. It’s such a big deal, that many businesses shut down for the duration of the holiday, which will be happening this year from January 25 to February 4.
Shenzhen’s Huaqiangbei Commercial Area, during the Lunar New Year period. As workers return home for the holiday, factories and trading companies temporarily close. [Image via Forbes.com]
Naturally, this can create some supply complications for businesses like ours, which greatly rely on Chinese suppliers. For this reason, we are encouraging our customers to stock up early on frequently-needed parts. We will be adding to our inventory as well, but if our customers also order ahead, then we can make sure to restock appropriately before the holiday.
Of course, unexpectedly buying up supplies isn’t always financially feasible. That’s why we partner with Behalf to provide our customers with financing options. This also is a good time to remind our customers that we offer financing through Behalf! This online platform acts as an intermediary, offering net terms and financing to small and medium-sized businesses, while paying merchants on their behalf. Maya Parts customers who use Behalf can take advantage of Net 30 payment terms or longer term financing to help stock up on the parts that they need to operate their business!
Behalf is completely web-based and easy to use.
So how does it work? It’s easy! Simply create an account at Behalf. Once your account is all set up, you can submit a payment request for an order at Maya Parts, and then choose your payment terms. Once the request is approved, Behalf will issue you a one-time-use virtual credit card. Then simply place an order on our website and pay with that virtual credit card. Behalf will pay us, and then you pay them according to your selected terms!
If you would like to see the process in action, Behalf has an interactive demo over on their website.
Financing isn’t for everyone, but for those that need it, it can help increase their business’ purchasing power, as well as strengthen their business’ credit rating. Plus it’s just really convenient to be able to stock up on what you need, especially before seasonal events like the upcoming Lunar New Year!
To learn more about Behalf and their services, visit them online at https://www.behalf.com/.