What are the FMSI / ProPower Payment Options?
1. Payments MUST BE made payable to:
What is the ProPower Revolving Business Account?
PO Box 207,
Naperville, IL 60563
****PAYMENTS MADE PAYABLE TO SUPPLY HOUSES ARE NOT ACCEPTED.****
This address appears on the back of your statement and also on the envelope provided with statements to make a payment.
* PLEASE INCLUDE YOUR ACCOUNT NUMBER ON YOUR CHECK IF YOU DO NOT HAVE A STUB FROM YOUR STATEMENT TO SEND WITH THE CHECK FOR IMMEDIATE PROCESSING.
2. Overnight payments ONLY should be sent to:
535 E. Diehl Road, Ste. 350,
Naperville, IL 60563
3. ACH Payments deducted directly from your checking or savings account.
To view and print the ACH form click on the following link:
ACH Authorization Form
** This form will need to be filled out each time you would like to make a payment this way. Please fax the form back to us at 630-353-0030.
4. ONLINE BILL PAYMENT
Go to the top of the page and click on customer login. If you haven’t already registered, just supply us with a user ID, password and bank information. Once you are registered just logon and select Pay Bill.
Thanks for your business.
ProPower is a private-label credit card program offered under the Member's name to commercial customers of their choice that enables them to satisfy ongoing purchasing needs within an established credit limit. The Member receives the sales proceeds within 24 hours of the sales transaction and the customer has an interest-free repayment period or can take advantage of flexible monthly payment options.
Is the Member required to have a minimum number of ProPower accounts established?
No, there is no minimum or maximum number of accounts necessary to utilize the ProPower program. The Member chooses whom to put on the program with no restrictions other than credit guidelines.
How quickly are applications processed and what is the credit underwriting process?
Recourse applications are processed upon receipt for the credit limit requested by the Member. Non-recourse and shared recourse account applications begin the credit underwriting process upon receipt by FMSI. A proprietary credit analysis and scoring system is used to determine the initial credit approval and limit. Credit references, business credit reports, and personal credit reports are all used to assist in determining credit. Most applications can be processed within 48 hours, although larger credit requests may require a more thorough credit review.
Can existing in-house customer receivables be transferred to ProPower?
Existing customer balances cannot be transferred to ProPower. ProPower accounts can be established for existing customers and new sales transactions can be processed; however, the Member would be responsible for collecting any in-house, pre-existing customer receivables.
What is the ProPoints Rewards Program?
The ProPoints Rewards Program is a voluntary incentive program designed to encourage increased sales for the Members and works in conjunction with the ProPower Revolving Business Account. Members can select which customers participate in the ProPoints Program. Customers earn one ProPoint for every dollar repaid on purchases (principal only). A minimum cumulative total of 25,000 ProPoints is necessary for redemption and ProPoints expire three years from the month earned. Customers can view their point bank and the Award Catalog containing over 4,000 merchandise and travel selections as well as place their orders online. The cost to the Member is .005 or a half-cent per point and awards are billed to the Member only upon redemption. For example, an award redemption for 25,000 points would translate to a cost of $125 for the Member and purchases and repayment of $25,000. While Member participation in the ProPoints Rewards Program is encouraged, the choice is Member-determined and is entirely voluntary.