Metals are generally classified into two groups: industrial metals and precious metals. Precious metals are rarer than industrial metals and are therefore more expensive. They include metals such as silver, gold, and platinum and are often used in making jewelry. Industrial metals are used in construction, manufacturing, and technology industries. They include metals such as steel, aluminum, copper, and zinc. There are many types of metal businesses, such as metals investing, trading, and production. Some companies manufacture metal cutlery, construction materials, automotive parts, or other products. Other small metal businesses involve buying, selling, or trading metals at trade shows, stores, or from home.
Metal suppliers and trading businesses store inventory and look to sell it at a higher price than their cost of acquisition. The value of metals is typically linked to the stock markets and the overall economy. When the economy is booming, industrial metals like steel are generally in higher demand due to increased building and manufacturing. Metal companies depend on reliable technology and tools to operate and manage their business. Customer relationship management software (CRM) typically handles accounting and invoicing of goods sold. Organized and dynamic invoicing can assist in receiving payment instantly with ACH, e-check and credit card or debit card transactions.
Payment Integrator offers a fully integrated platform that enables metal payment transactions in person, online, or over the phone. Our fast and secure systems enable your metals business to accept all major credit and debit cards, and e-wallets like Apple Pay and Google Pay. Our Hosted Payment Page (HPP) functions in a PCI Compliant P2PE environment and is a common payment intake method for businesses operating in the metal trade.
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