Looking for a B2B Buy Now, Pay Later payment terms solution? Have you thought about using Tilta? Want to know why Terms.Tech stands out from the B2B payments pack?
Tilta and Terms.Tech are both B2B BNPL payment terms solutions. Terms.Tech is based in Belgium while Tilta hails from across the channel in the UK. Of course there are similarities and differences between the solutions, so let’s have a quick look at these two payment services.
Benefits of Terms.Tech
Here are just a few of the reasons why Terms.Tech adds value to B2B marketplaces, merchants, ecommerce, and PSPs:
Payment terms
We enable B2B marketplaces and merchants to offer deferred payment terms up to 120 days to their B2B buyers.
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%!
Elevates revenue
Terms.Tech increases sales, increases the frequency and € amount of transactions, drives new customer acquisition, and helps to retain current cusotmers. All of this positively impacts revenue.
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, our assessment is 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 Tilta
And, here’s a summary of Tilta’s main features:
Payment Terms
Offers flexible payment terms like 30, 60, and 90 days, including split payments and pay-by-invoice options.
Integration
Tilta is also an easy-to-integrate solution for eCommerce platforms via API and UI solutions.
White-label
Like Terms.Tech, Tilta is fully customisable to maintain brand identity.
Reach, risk, and compliance
Supports international transactions with compliance and risk management. Ensures compliance with financial regulations and offers risk management services.
Revenue Enhancement
Helps platforms generate additional revenue through embedded credit-backed payments.
Use Cases
Again, similar to Terms.Tech, Tilta is designed for B2B eCommerce and marketplaces, allowing businesses to manage transactions between multiple sellers and buyers.
Tilta 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.
Together, let’s make Terms.Tech your B2B marketplace or merchant’s payment terms solution.
Get in touch with our payments experts today and start your journey to increased cash flow, sales, and growth while lowering your stress!
