California’s recently passed law requires automated electronic funds transfer (EFT) invoice payments for wholesaler alcohol deliveries. Compliance is required by December 31, 2025, and Fintech makes this transition seamless. With over 34 years of industry experience, Fintech offers an unparalleled payment platform tailored to meet the needs of alcohol retailers of all sizes while meeting the requirements of the California EFT law.
Why Choose Fintech?
Extensive Network in California: With over 17,000 retailers and 360+ distributors in California, Fintech is deeply embedded in the state. We continue to grow our California network daily and the seamless process of adding distributors through our portal allows you to pay all your distributors through one source.
Industry Expertise: With a legacy spanning over three decades, Fintech has established itself as a trusted partner in the alcohol industry and works with nearly 40% of alcohol retailers nationwide. Our deep understanding of the alcohol industry and regulatory requirements ensures that your business is always ahead of the curve.
Nationwide Operations: Fintech’s services are available in all 50 states and is the leading resource for EFT alcohol payments. Our network of 260,000 retailers is proof of our trust and reliability. We provide comprehensive support no matter where your business is located and specialize in cash-on-delivery (COD) or term payments for the purchase of beer, wine, and spirits from wholesalers.
Automated Invoice Payments: Many of our clients use our free alcohol invoice payment service, which keeps them compliant with state law. Say goodbye to manual processing, payment delays, and human errors. Fintech’s automated electronic payment system ensures that invoices are paid according to the specified terms, enhancing efficiency and accuracy in your transactions. No more dealing with checks or cash payments.
Full Compliance with the New EFT Law: Fintech is fully compliant with the California EFT law, ensuring that your electronic invoice payments meet all regulatory standards. This compliance not only protects your business from legal risks but also avoids any disruptions with your alcohol deliveries. By preparing ahead of time, you can make sure that your business is fully compliant prior to the EFT law taking effect and avoid any disruptions in ordering, receiving, and paying for deliveries.
Sign Up to Automate Your Alcohol Invoice Payments
Navigating the complexities of alcohol invoice payments and regulatory compliance can be challenging, but with Fintech, it doesn’t have to be. Our comprehensive solutions, industry expertise, and commitment to compliance make us the ideal partner for your business. Embrace the future of alcohol invoice payments with Fintech and ensure your operations are efficient, compliant, and optimized for success.
If you are comparing options and want to learn more about us, please look at our website for more detailed information on our services for alcohol retailers. If you are ready to sign up for our free payment service, you can create an account here. If you have questions about the law, you can reach out to Wendy Turk, our Vice President of Regulatory Affairs, directly at [email protected].
