Third-party shipping is when someone else is using your account to ship on your behalf, or you are shipping on someone else’s behalf using their account number. There are a lot of issues and costs that can sneak into your bill if you are not careful, and without the right tools to give you insight, the costs are challenging to manage.
If you give someone your account number to ship to yourself, that is shipping collect, whereas, if you give your account number to someone to ship to your customer's that is third party shipping. Third-party shipping comes with an extra surcharge; a small percentage of the transaction is tacked onto the shipping charge.
With the changing landscape of e-commerce, more and more companies are taking steps out of the supply chain and using third party shipping to get goods to end-users faster and more cost-effectively.
In this miniseries, we are going to talk about all of the questions and concerns anyone who is using third party shippers might have, and how Parcel BI can help you improve your monitoring of the use of accounts for third party shipping as well as some of the hidden costs as the shipper of record for when you are shipping third party on someone else’s account.
In the next video of this miniseries, we are going to be talking about how you can see who is using your third party shipping, where it's going, and where it's being used. We will also discuss how to identify fraudulent activity that can occur with third-party shipping accounts and more.
If you want to learn more now, contact us at Parcel BI today, or wait till next week to see the next video! You can also learn more about the benefits of Parcel BI's business intelligence tools by watching videos like this in our video library.