Terms.Tech‘s mission is to revolutionise B2B payment terms with unparalleled flexibility and custom design for European merchants with e-commerce and marketplaces. This article highlights you top reasons to choose Terms.Tech’s B2B payment service. Get in touch!
A growing number of platforms support B2B transactions between sellers and buyers.
How can you stay competitive? One answer is to offer Terms.Tech, an embedded finance payment service that allows sellers to offer risk-free flexible deferred payment terms to buyers.
This enables competitive advantage (e.g., better cash flow) for B2B companies with e-commerce in almost any industry and, of course, for their customers.
Modernise your payment service
Modernising the payment services your business use is not always as easy as it sounds. That’s why Terms.Tech provides a B2B payment service that gives your customers an up-to-date, frictionless experience. Not just in use, but in setting up, too!
Modernising payments shouldn’t be a headache or an extra layer of unnecessary stress. Our deferred payments solution enables you to provide the digital experience that the people behind businesses have come to expect.
There are two ways to optimise your business with Terms.Tech:
- hosted solution, and
- an embedded solution.
How is the hosted solution useful?
The hosted solution’s perfect for multi-channel sales. Whether processing an order in-store, by phone or by email, your customers can use payment terms to pay later via our hosted solution. The hosted solution is great for SMEs who need to process offline or are looking for a test period before graduating to a full integration: our embedded solution.
How is the embedded solution useful?
The embedded solution is designed for e-commerce platforms. This includes anything from complex workflows for multi-party platforms to simple integrations with optimal user experiences. The embedded solution is ideal for B2B e-commerce platforms such as B2B marketplaces or any other multi-party business models.
Enhance customer experience
Let’s face it – B2B customers love to pay for goods with credit. They always have and they always will. In many cases, they expect it. So, when confronted with the demand to pay at checkout on a digital e-commerce shop, what happens? Surprise, frustration, and cart abandonment.
That’s not good for anybody. So, as buyers want to pay later, so we believe that sellers should meet that demand whenever possible. Terms.Tech enables sellers to satisfy and delight their customers by providing deferred payment terms at checkout.
Filling this top customer need also brings knock-on benefits to sellers: it helps them to increase conversion rates, improve Customer Lifetime Value, and to attract new customers.
Payment service across the EEA and Switzerland
In Europe?
Terms.Tech provides deferred payment terms services throughout the European Economic Area (EEA) as well as Switzerland. That’s 31 European countries! You can easily allow buyers to pay on 30, 60, 90 or even 120 days while improving your own working capital and without carrying any default risk.
Consistent cash flow
Cash flow and working capital are so important to a successful business. That’s why Terms.Tech makes sure your cash keeps flowing, so to speak.
We pay a seller upon proof of delivery and the buyer pays us back via payment terms up to 120 days or in instalments. It’s a win-win for you and your customers. You both improve cash flow while Terms.Tech takes the risk. Get ready to watch your DSO decrease!
So, if you’re selling goods and services, offering this service doesn’t only help you get your payment faster than before. You also provide your business partners the opportunity to not just stay afloat, but to thrive. We believe in maximising lifetime customer value. That drives us to deliver a high quality payment service helping European SMEs to keep their customers for a long time in a strong, trusting business relationship.
Superfast, fine-tuned credit check
Terms.Tech uses machine learning and human assessment tools to ensure we extend payment terms only to trustworthy businesses with a good credit rating. The assessment toolsz provides two benefits:
- It takes the pressure off the e-commerce merchants: they don’t have to run their own checks or find a different third party to do so.
- Our credit check process is lightning fast so your transactions don’t slow down!
Risk-free
Late payments and non-payments are serious concerns. But, with Terms.Tech, that’s not your problem anymore! Our Buy Now, Pay Later solution is risk-free for sellers.
Any payment defaults due to fraud or non-payment are on us. This way you reduce your risk while focusing on what you do best, your core business. Terms.Tech helps you to build your business wisely and safely.
No need for a bank loan or tapping your treasury
Here’s where you cash really gets freed up, and where your stress levels go way down. With Terms.Tech’s BNPL solution, there’s no need for buyers to deplete their own treasury up front or to take out cumbersome bank loans.
Terms.Tech lends the money for the B2B transaction and the buyer repays it according to the agreed schedule. Sellers no longer have the burden of drawing on their own treasury funds while waiting for payment because Terms.Tech pays upon proof of delivery.
B2B payment service for any industry
Electronics? Agriculture? Shipping & Logistics? Construction? Manufacturing? Tech suppliers? Packaging? Sports and fitness equipment? Clean energy?
Name an industry and Terms.Tech would fit like a glove. It’s as simple as this: if you’re an SME buying or selling to other businesses, or a marketplace connecting buyers and sellers, Terms.Tech facilitates and smooths out transactions.
Choose your B2B payment service package
Terms.Tech is a reliable and efficient payment solution for businesses and marketplaces. It provides fast and easy setup, flexible payment options, and an automated payment system.
Additionally, it looks after payment collection so you don’t have to while taking pressure off of your treasury. Its broad geographical reach throughout the EEA and Switzerland is unmatched.
Contact our experts and find out how Terms.Tech can help you help your customers.
