Looking for a B2B Buy Now, Pay Later payment terms solution? Want to know why Terms.Tech stands out from the pack? Have you thought about using Sprinque?
Sprinque and Terms.Tech are both B2B BNPL payment terms solutions. And, both have Benelux roots! Terms.Tech is based in Belgium while Sprinque is based in the Netherlands. There are similarities and differences between the solutions, of course, so let’s have a quick look at these two payment services.
Benefits of Terms.Tech
Here are just a few reasons why Terms.Tech adds value to B2B marketplaces, merchants, ecommerce, and PSPs:
Payment terms
We offer deferred B2B payment terms to buyers up to 120 days via our customers, i.e. B2B marketplace and merchants.
When sellers get paid
Terms.Tech pays sellers and/or marketplaces as soon as there is proof of delivery. You don’t have to wait 30 days or more from delivery – you’ve done your job, so your cash flow deserves the bump.
100% payment
We pay 100% upon proof of delivery. Not 90%. Not 85%. Just plain old-fashioned 100%!
Coverage
Our services are far-reaching across Europe. We are available throughout the European Economic Area (EEA) and Switzerland. We also have the capability to handle buyers from outside these areas if they meet our KYC/KYB threshold.
Integration
Simple integration with REST APIs and webhooks. We work with your team to make sure the set up and integration is smooth and fast
Credit risk assessment
Our rigorous risk assessment processes use machine learning, credit risk reports, and non-traditional data assessments. And we’re lightning fast!
Risk management & collections
De-risk your business and let us take the risk for you – we take on the burden of non-payment losses, early-stage collections, and fraud protection.
Adaptable solutions
We have off-the-rack solutions, but we also customise our payment terms solutions for different business sizes and industries.
White-label
Terms.Tech allows businesses to maintain brand identity with their buyers through our white-labelling solution.
Use cases and industries
Applicable for cross-border payment transactions in almost any industry you can imagine. If you sell B2B products, then Terms.Tech delivers the payment terms for your customers. Agriculture, food & beverage, logistics, electronics, automotive, packaging & containers, retail, medical devices, paper & forest products… the list goes on and on!
Benefits of Sprinque
And, here’s a summary of Sprinque’s main features:
Payment terms
It offers flexible payment terms from 7 to 90 days and instalments for international buyers. Sprinque prefers to call its BNPL solution ‘Pay by Invoice’.
Instant payments
Merchants can choose when they get paid. Some options include the next day, on the invoice due date, or any day in between. This lets companies respond to their cash flow needs.
Risk management
Sprinque takes over all credit and fraud risk, eliminating late payments.
Coverage
It supports buyers across Europe and beyond, with localised languages, IBANs, and currencies. Sprinque’s based out of the Netherlands, also with focus on the UK
Integration
Sprinque’s integration is available via API or eCommerce plug-ins. It’s also available offline via their Merchant Control Center.
White-label
Like Terms.Tech, it also allows businesses to maintain brand identity with their buyers through white-labelling.
Security
ISO/IEC 27001 certified for information security.
Use cases
Applicable in industries requiring complex B2B purchasing solutions, like cross-border transactions.
Payment methods
Offers various payment options. The featured one is “pay by invoice”, i.e. buy now and pay later.
Sprinque or Terms.Tech?
Both solutions offer wonderful features that cater to today’s business needs. Terms.Tech focuses on extended payment options, EEA coverage, industry adaptability, white-labelling and rigorous risk assessment.
Get in touch with our payments experts today and start your journey to increased cash flow, sales, and growth while lowering your stress! Together, let’s make Terms.Tech your B2B payment terms solution.
