Bushel Wallet account holders can now invite their trusted partners to the digital payment platform
FARGO, N.D., November 13, 2024 – Bushel, an independently-owned software technology company for the agricultural supply chain, announced a new feature in Bushel WalletTM that allows verified farmers and agribusinesses to invite their trusted partners into Bushel’s digital payment network for fast and secure payments. By bringing businesses such as agronomists, truckers, and custom harvesters—into Bushel’s payment network, farmers and agribusinesses can now avoid the hassle of traditional checks and ACH delays, achieving near real-time payments tailored specifically for agriculture.
With a simple “Send an Invite” button, Bushel Wallet account holders can send secure invitations, allowing verified agribusinesses and farmers to join the network. Bushel works with trusted identity verification services to ensure that only legitimate businesses join the network, meeting strict banking standards. This helps create a safe, reliable payment system designed specifically for agriculture.
The U.S. Postal Service has advised customers to increase diligence when mailing checks due to security concerns. Others are advocating for secure digital methods instead. For agribusinesses, this shift toward digital payment methods is not just a matter of convenience but also a crucial step toward enhancing transaction security and efficiency. Recently, the U.S. Treasury Department announced check fraud has increased 385% since the COVID-19 pandemic.
Compounding this are mailing delays, specifically in rural areas. With the potential slowdown of mail delivery in these regions, the reliance on mailing paper checks could lead to delayed payments, which can disrupt cash flow for farmers. Bushel offers farmers a digital payment platform that ensures timely and secure transactions and removes the risks associated with mail delivery delays and check fraud.
Agribusinesses using the new sign-up feature gain a fast, efficient way to bring their entire customer base into the digital payment space. By inviting partners into the Bushel network, agribusinesses eliminate common pain points like tracking check payments and dealing with costly delays. The network’s exclusive, invitation-only model strengthens business relationships and enables transparent payment statuses, reducing time spent managing transactions and freeing up resources for other priorities.
How It Works
Existing Bushel Wallet account holders can send an invitation directly to their business partners’ email or mobile number, sending them an exclusive link that enables rapid account setup and network access. Once verified, the newly invited business can also invite their own partners, amplifying the speed and reach of digital payments throughout the agriculture industry.
Learn more: For a farmer or agribusiness not on Bushel Wallet, they can use the contact form on bushelwallet.com.
About Bushel
Bushel is an independent software company based in Fargo, N.D. that provides an integrated workflow solution for agriculture. Bushel’s platform includes customer relationship management, customer and commercial portals, digital payments, offer and hedge management, and farm management and advisement software. These solutions improve operational efficiency, deliver crucial insights, and increase flexibility, enabling grain buyers, processors, ag retailers, ag lenders and farmers to adapt and expand their operations. Bushel now powers more than 3,500 grain and ag retail facilities, representing more than 50% of U.S. and Canadian grain origination. Over 100,000 farmers use Bushel’s technology, making it one of the largest technology networks in U.S. agribusiness. Bushel also meets SOC 2 Type II standards, ensuring robust data security.
* Funds in Bushel Wallet accounts are held by Evolve Bank & Trust, member FDIC.
