Jul 30, 2026
Abound’s original wholesale marketplace closed in June 2023 before its Abound and Droply assets were acquired by Carro in January 2024. The change shows why wholesalers benefit from maintaining payment infrastructure outside any single marketplace. Faire continues to connect independent brands and retailers through marketplace ordering, while Resolve Pay net terms help manufacturers, distributors, and wholesalers offer flexible payment terms across direct, ecommerce, sales-assisted, and offline transactions.
Key Takeaways
- Abound’s wholesale program closed in 2023: Abound transitioned toward its Droply model before Carro acquired Abound and Droply in January 2024.
- Faire offers marketplace-based payment terms: Eligible Faire retailers can use Net 60 terms for qualifying orders placed through the platform.
- Marketplace terms stay within marketplace workflows: Payment terms, order management, and retailer protections generally apply only to transactions processed through that marketplace.
- Resolve Pay supports multiple sales channels: Wholesalers can offer net terms through ecommerce, sales representatives, trade shows, phone orders, and other direct workflows.
- AR automation reduces manual work: Resolve Pay automates credit decisions, invoicing, reminders, collections, payment processing, and reconciliation.
- Non-recourse advances support cash flow: Resolve Pay can advance funds on approved invoices while buyers retain their agreed payment terms.
- Independent infrastructure strengthens resilience: Wholesalers can maintain consistent credit and payment workflows even when marketplace strategies change.
Understanding Wholesale Marketplaces
Wholesale marketplaces act as digital intermediaries between product brands and retail buyers. They help retailers source merchandise while giving brands access to a broader network of potential stockists.
Common marketplace services include:
- Buyer and supplier discovery
- Centralized product catalogs
- Order processing
- Marketplace payment terms
- Returns management
- Transaction and payout workflows
- Basic order tracking
Abound previously operated as a curated wholesale marketplace for independent brands and retailers. In June 2023, the company closed its wholesale program and shifted its attention toward Droply, a dropshipping model. Carro then acquired Abound and Droply in January 2024.
Faire remains an active wholesale marketplace used by hundreds of thousands of retailers. It combines product discovery, ordering, payment terms, and first-order return options within its platform.
What Defines a B2B Wholesale Marketplace
A wholesale marketplace typically brings many suppliers and buyers into one digital environment. Retailers can browse products from different brands, submit orders, and manage invoices through a shared account.
For retailers, marketplaces may provide:
- Access to numerous brands
- Consolidated ordering
- Payment terms for eligible purchases
- Centralized invoice management
- Returns on qualifying opening orders
For brands, marketplaces may provide:
- Exposure to independent retailers
- Order and payment processing
- Marketplace-managed collection workflows
- Credit protection on eligible orders
- A structured channel for customer acquisition
These features can support product discovery, but they do not replace a brand’s broader wholesale infrastructure. Direct website orders, trade show purchases, phone orders, and sales representative transactions require separate payment and accounts receivable processes unless the seller uses a cross-channel platform.
Net 30, Net 60, and Net 90 Payment Terms
Net terms specify the period a business buyer has to pay an invoice. They are commonly used in wholesale because retailers often need time to receive, merchandise, and sell inventory before paying suppliers.
How Net Payment Terms Work
The most common structures include:
- Net 30: The invoice is due within 30 days.
- Net 60: The invoice is due within 60 days.
- Net 90: The invoice is due within 90 days.
The starting date may be based on the invoice date, shipment date, delivery date, or another date defined in the seller’s agreement. Suppliers should state the trigger clearly on invoices and within their credit policies.
Net terms create accounts receivable for the seller. The U.S. Small Business Administration classifies accounts receivable as a current asset, but an unpaid invoice does not provide the same immediate liquidity as cash in the bank.
Why Wholesalers Offer Net Terms
Flexible payment terms can help wholesalers:
- Increase buyer purchasing capacity
- Support larger inventory orders
- Build repeat purchasing relationships
- Serve buyers with structured procurement requirements
- Compete for accounts that expect commercial credit
- Improve the purchasing experience for established customers
However, offering terms internally requires the seller to evaluate credit, establish limits, monitor invoices, collect payments, and absorb potential losses.
The SBA recommends tracking assets, liabilities, costs, and cash flow projections as part of sound financial management. This becomes especially important when a large share of revenue remains outstanding for 30, 60, or 90 days.
Operational Challenges of Self-Funded Terms
Wholesalers managing terms internally commonly face:
- Cash tied up in unpaid invoices
- Manual business credit reviews
- Inconsistent approval decisions
- Delayed invoice delivery
- Repetitive payment reminders
- Time-consuming reconciliation
- Customer concentration risk
- Exposure to late payments or defaults
An integrated accounts receivable platform can connect these activities within one credit-to-cash workflow.
How Abound Wholesale Payment Terms Worked
Before closing its original wholesale program, Abound offered marketplace ordering and payment features for independent retailers and brands.
Abound’s Buyer Experience
Eligible retailers could receive Net 60 payment terms on qualifying marketplace purchases. Abound assigned purchasing limits and managed payment collection for orders processed through its platform.
Retailer features included:
- Deferred payment on eligible orders
- Marketplace-assigned purchasing limits
- Centralized order management
- Returns on qualifying opening orders
- Access to curated independent brands
These terms were connected to Abound transactions. Retailers buying directly from a brand outside the marketplace needed to use the payment methods and credit terms offered by that brand.
Abound’s Transition and Acquisition
Abound announced the closure of its traditional wholesale program in 2023 and introduced Droply by Abound as a dropshipping-focused model. Carro acquired Abound and Droply in January 2024, bringing their technology and network into Carro’s collaborative commerce operations.
The sequence is important:
- June 2023: Abound closed its original wholesale program.
- 2023: The company transitioned toward Droply by Abound.
- January 2024: Carro announced its acquisition of Abound and Droply.
The original wholesale marketplace therefore closed before the acquisition. Describing Abound as closing after its 2024 acquisition would reverse the actual sequence.
How Faire’s Payment Terms Work
Faire combines wholesale product discovery with purchasing, payment, and returns tools. Qualifying retailers may receive Net 60 terms for eligible marketplace orders.
Faire’s Net 60 Structure
Faire’s standard Net 60 option generally allows an approved retailer to place an order and pay later. Eligibility and available purchasing capacity depend on the retailer’s account and approval status.
The workflow typically includes:
- A retailer selects qualifying products on Faire.
- The retailer chooses available payment terms during checkout.
- Faire processes the marketplace order.
- The retailer pays according to the invoice due date.
- The brand receives payment through Faire’s payout workflow.
When an order takes longer than the standard shipping period, the invoice date may be adjusted under Faire’s applicable rules.
Faire also operates a program for qualifying new stores that may provide additional purchasing capacity. Availability depends on Faire’s current eligibility requirements and approval process.
Brand Payout Options
Brands receive payouts through the marketplace according to the option associated with their account and order. Payout timing and deductions can vary based on the transaction source and selected payout schedule.
Specific fees and rates are not included here because marketplace pricing can change and may depend on how the retailer was acquired. Brands should review their current marketplace agreement before calculating channel margins.
Where Marketplace Terms Apply
Faire’s payment terms are part of its marketplace transaction system. They do not automatically apply when the same retailer orders through:
- A supplier’s ecommerce website
- A telephone order
- A field sales representative
- An emailed purchase order
- A trade show
- An ERP-generated sales order
- Another marketplace
A wholesaler using several sales channels therefore needs a separate process for approving credit and managing receivables outside Faire.
Marketplace Terms and Cross-Channel Terms
Marketplace payment tools and standalone B2B payment platforms serve different operational purposes.
Marketplace-Based Terms
Marketplace terms are connected to the marketplace’s ordering system. The platform typically controls checkout, transaction records, invoicing, payment collection, and retailer account data for those orders.
This model can be useful for:
- Reaching new independent retailers
- Testing products with marketplace buyers
- Managing smaller marketplace orders
- Consolidating marketplace invoices
- Offering terms within a predefined checkout flow
Cross-Channel Payment Infrastructure
A cross-channel platform lets the seller establish a more consistent payment experience across the business. Credit and AR workflows can support direct sales without requiring every buyer to place orders through a particular marketplace.
With net terms management, wholesalers can connect credit decisions, invoices, payments, collections, and accounting records across multiple transaction types.
This model supports:
- Direct ecommerce orders
- Sales-assisted purchases
- Purchase orders
- Trade show transactions
- Offline invoices
- Marketplace-related workflows
- Repeat orders from established accounts
Wholesalers can still use marketplaces for discovery while maintaining an independent payment process for eligible direct orders.
How Resolve Pay Supports Wholesale Payment Terms
Resolve Pay helps B2B sellers offer net terms while improving cash flow and reducing manual accounts receivable work. The platform combines business credit assessment, invoice advancement, payment processing, collections, and reconciliation.
Cross-Channel Net Terms
Resolve Pay supports a consistent buying experience across online and offline channels. Sellers can offer Net 30, Net 60, Net 90, or approved custom terms without building separate credit workflows for every sales channel.
The platform can be used with:
- Ecommerce checkout
- Sales representative orders
- Phone and email orders
- Trade show sales
- Purchase orders
- ERP-generated invoices
- Direct customer accounts
This structure allows the wholesaler to maintain its brand and customer relationships rather than routing every transaction through a third-party marketplace.
Business Credit Decisions
Resolve Pay uses AI-supported underwriting, business data, behavioral signals, and credit expertise to evaluate buyers. Its business credit checks can support quiet pre-approval workflows using basic business information.
Credit capabilities include:
- Buyer credit assessment
- Recommended credit limits
- Real-time or expedited decisions for qualifying applications
- Ongoing account monitoring
- Approval workflows connected to orders
- Credit policies that scale across customer segments
All approvals and credit limits remain subject to buyer verification and Resolve Pay’s underwriting decisions.
Non-Recourse Invoice Advances
Resolve Pay can advance funds on approved invoices while the buyer retains the agreed payment period. Advance amounts depend on the transaction, buyer approval, and underwriting.
Because qualifying advances are non-recourse, Resolve Pay assumes the covered payment risk on approved invoices. This helps sellers convert eligible receivables into working capital without waiting for the buyer’s full payment period.
Wholesalers can use the funds to:
- Replenish inventory
- Pay suppliers
- Cover payroll
- Accept larger orders
- Prepare for seasonal demand
- Invest in sales growth
This approach provides a modern factoring alternative that also includes credit management and AR automation.
Accounts Receivable Automation
Resolve Pay’s AR automation tools manage activities that would otherwise require repeated finance-team intervention.
Supported workflows include:
- Invoice delivery
- Automated reminders
- Payment collection
- AI-assisted collections
- Buyer self-service
- Payment reconciliation
- Transaction syncing
- AR and credit visibility
The branded buyer portal supports ACH, wire, credit card, and check payments.
ERP and Ecommerce Integrations
Resolve Pay can connect with accounting, ERP, and commerce systems through prebuilt integrations and flexible APIs.
Supported platforms include:
- QuickBooks Online
- NetSuite
- Xero
- Sage Intacct
- Shopify
- BigCommerce
- Magento 2
- WooCommerce
These financial system integrations help synchronize customer, invoice, payment, and reconciliation data while allowing the accounting platform to remain the system of record.
Resolve Pay Results for Wholesale Businesses
Resolve Pay has supported manufacturers, distributors, and wholesale suppliers seeking faster approvals, stronger cash flow, and more scalable receivables operations.
Examples include:
- Archipelago Lighting expanded sales while accelerating its net terms approval process.
- SSSI used accessible payment terms to support substantial revenue growth.
- ConEquip expanded its net terms program while improving its credit and payment workflows.
- Shields used Net 90 terms to win business that required longer payment windows.
Individual results depend on each company’s buyer base, transaction volume, credit profile, and implementation.
Building Resilient Wholesale Payment Infrastructure
Abound’s transition shows that marketplace strategies and business models can change. Marketplaces can still provide meaningful product discovery and order volume, but wholesalers benefit from separating their core payment capabilities from any one marketplace.
Resolve Pay gives wholesalers an independent infrastructure for:
- Extending buyer credit
- Offering flexible net terms
- Receiving advances on approved invoices
- Automating accounts receivable
- Accepting multiple payment methods
- Connecting payments with ERP and ecommerce systems
- Maintaining branded customer relationships
A wholesaler can continue using marketplaces where they support customer acquisition while applying Resolve Pay across its direct and assisted sales channels.
This approach turns payment terms into a company-owned growth capability rather than a feature tied to one marketplace. For wholesalers seeking to expand direct sales, improve cash flow, and reduce credit administration, Resolve Pay provides a connected credit-to-cash platform built for multi-channel B2B commerce.
Frequently Asked Questions
What Happened to Abound Wholesale?
Abound closed its original wholesale marketplace program in June 2023 and shifted toward Droply by Abound, a dropshipping-focused service. Carro announced the acquisition of Abound and Droply in January 2024. The acquisition occurred after Abound had already ended its traditional wholesale marketplace program.
How Do Faire’s Net 60 Terms Work?
Eligible retailers can use Net 60 terms for qualifying orders placed through Faire. The retailer’s available terms and purchasing capacity depend on Faire’s approval process and account status. These terms apply to Faire transactions and do not automatically extend to purchases made directly from the same brand.
Can a Wholesaler Use Resolve Pay Alongside a Marketplace?
Yes. A wholesaler can use marketplaces for product discovery and marketplace orders while using Resolve Pay for direct ecommerce, sales representative, purchase order, trade show, and offline transactions. This creates a more consistent credit and payment process across the seller’s channels.
What Happens When a Buyer Does Not Pay a Resolve Pay Invoice?
For an approved invoice covered by a non-recourse advance, Resolve Pay assumes the covered credit risk under the applicable agreement. The seller keeps the advanced amount while Resolve Pay manages payment follow-up and collections. Coverage depends on approval, verification, and the terms of the transaction.
How Does Resolve Pay Improve Wholesale Cash Flow?
Resolve Pay can advance funds on approved invoices instead of requiring the seller to wait through the buyer’s Net 30, Net 60, or Net 90 payment period. It also automates credit decisions, invoicing, reminders, collections, payment processing, and reconciliation, helping finance teams manage growing receivables with less manual work.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.
