Are you an SME looking for a B2B Buy Now, Pay Later (BNPL) payment terms solution for business deals? Have you thought about using Two? Want to know why Terms.Tech stands out from the B2B payments pack?
Two and Terms.Tech both offer flexible B2B payment solutions for SMEs. Terms.Tech is based in Belgium with coverage in all of the EEA. Two, the BNPL formerly known as Tillit, is originally based out of the Norway as Two AS. Currently, it does business in the UK (via its subsidiary Two B2B Ltd), Sweden (via its subsidiary Two Bcommerce AB), and Norway – with an eye on global expansion.
Both solutions share similarities in purpose and delivery. Mainly, they both set out to provide small and medium-sized businesses (SMEs) trade finance opportunities that fill working capital needs. Let’s look at some highlights from both Two and Terms.Tech.
Benefits of Terms.Tech
Terms.Tech adds value to B2B marketplaces, merchants, ecommerce, and PSPs! Here are some reasons why:
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 95%. 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 customers. All of this positively impacts revenue and business health.
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. We also offer a lo-fi self service approach for companies not looking for a full-integrated solution.
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 Two
Two, as mentioned above, is a B2B payment solutions provider specialising in instant trade credit and Buy Now, Pay Later (BNPL) services for businesses. Here are nine key features that define the company:
Instant Trade Credit
Two offers immediate net terms to B2B buyers, enabling them to purchase goods and services without upfront payment. This approach streamlines transactions and enhances purchasing power.
Comprehensive Risk Management
Utilising advanced AI-driven credit and fraud engines named Delphi and Frida, Two assesses buyer creditworthiness and detects fraudulent activities in real-time, ensuring secure transactions.
Omnichannel Support
Two’s solutions are adaptable across various sales channels, including online platforms, direct sales, and in-store purchases, providing a consistent and seamless experience for both sellers and buyers.
Upfront Payments to Sellers
Sellers receive immediate payment for orders, improving cash flow and reducing the financial risks associated with offering trade credit.
Automated Order-to-Cash Process
Two automates the entire order-to-cash cycle, handling invoicing, payment reminders, and collections, which reduces administrative burdens for businesses.
High Acceptance Rates and Credit Limits
The company’s risk assessment tools enable higher acceptance rates and more substantial credit limits for buyers, facilitating increased sales opportunities for sellers.
API Integration
Two provides a purpose-built API that integrates seamlessly with existing systems, allowing businesses to implement their payment solutions efficiently.
Partnerships with Financial Institutions
Collaborations with entities like Santander and Allianz Trade enhance Two’s financial services, offering robust B2B BNPL solutions to global corporations.
Focus on B2B Marketplaces
Two partners with platforms such as trustshare to empower B2B marketplaces, positioning them as central hubs in the digital economy.
These features collectively position Two Inc. as one of the leaders in providing innovative and secure B2B payment solutions.
Two or Terms.Tech?
Both solutions offer attractive features that B2B marketplaces and merchants with ecommerce platforms need. Terms.Tech focuses on extended payment options, EEA coverage, industry adaptability, white-labelling, rigorous risk assessment, and takes on risk so sellers can destress!
Terms.Tech’s complete EEA coverage means our door is open across Europe, rather than focusing on just one or two countries. So, if you’re based France or Spain, Belgium or the Czech Republic, Italy or Norway, Germany or Poland, come check our what we can do for your business.
Together, let’s make Terms.Tech your B2B marketplace or merchant’s payment terms solution.
Get in touch with our B2B payments experts today! It’s time to start your journey to increased cash flow, sales, and growth while lowering your stress!
