Enhancing growth and promoting stability in the agriculture industry through flexible payment terms

The agriculture industry plays a vital role in feeding the world’s population. It’s valued at over 11.24 trillion euros and projected to grow to 17.25 trillion euros by 2027. As the demand for agricultural products continues to rise, farmers and suppliers face various cash flow management challenges, particularly seasonality, investing in much needed agricultural equipment, and market fluctuations.

Today, you can optimise payments for farmers and agricultural suppliers by offering a deferred payment option. Terms.Tech’s innovative digital trade solution benefits players in the agriculture industry by giving your clients a higher purchasing power to access the inputs and equipment they need, without any up-front payment. This will allow them to invest more in high quality seeds, fertilisers, and machinery. Consequently, productivity and yields will increase.

By choosing to offer extended payment terms you can:

  • provide your clients with greater financial stability
  • help farmers manage seasonality and market fluctuations effectively
  • pass the risk of non-payments or fraud on to us
  • enable high buy-in limits for big investments

Here’s how it works for businesses in agriculture

You integrate Terms.Tech into your online agriculture product or service-related platform. Then you can offer our payment terms solution to the client organisations that need payment flexibility. 

Once a business in the agricultural industry needs to purchase some goods or services, Terms.Tech pays the supplier up front via your platform. The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers are paid punctually and the buyers effectively manage their cash flow and back office.

Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.

Here’s how it works

You integrate Terms.Tech into your online agriculture product or service related platform. Then you can offer our payment terms solution to the client organisation needs flexibility when it comes to the time they pay. 

Once a business in the agricultural industry needs to purchase some goods or services, Terms.Tech pays them up front via your platform. The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers are paid punctually and the hiring company effectively manages their cash flow and back office.

Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.

5 simple steps to check out with Terms.Tech

01

Step 1

Integrate Terms.Tech into your online store or marketplace. Then, buyers select what they need and go to checkout.

Step 2

Once the company has completed their requested order size, they head to the checkout page via your platform to select the Buy Now Pay Later option.

02
An image representing smart payment solutions, in this case Terms.Tech running a credit eligibility check and fraud risk assessment check.
03

Step 3

Terms.Tech runs a real-time credit eligibility & fraud risk assessment on the company and confirms if they are eligible for payment terms.

Step 4

If the company is eligible for payment terms, we pay the sellers up front via your platform.

04
An image representing smart payment solutions, in this case Terms.Tech paying a freelancer.
An image representing smart payment solutions, in this case of a computer screen shaking hands with a woman, representing the hiring company paying back Terms.Tech in line with their selected payment terms.
05

Step 5

The company pays us back on the payment due date in line with their selected payment terms.

01

Step 1

Integrate Terms.Tech into your online store or marketplace. Then, buyers select what they need and go to checkout.

02

Step 2

Once the company has completed their requested order size, they head to the checkout page via your platform to select the Buy Now Pay Later option.

03

Step 3

Terms.Tech runs a real-time credit eligibility & fraud risk assessment on the company and confirms if they are eligible for payment terms.

04

Step 4

If the company is eligible for payment terms, we pay the sellers up front via your platform.

05

Step 5

The company pays us back on the payment due date in line with their selected payment terms.

5 reasons to choose Terms.Tech as your payment terms provider

Enhance customer experience

B2B customers love to pay for goods with credit. Offer Terms.Tech’s payment terms at your checkout and watch your conversion rates increase while you attract new customers. Flexible. Fast. Easy to use.

Larger transaction sizes = grow revenue

Without providing payment terms, only a few B2B customers would be brave enough to make large transactions. Our credit limit strategy of up to EUR 200k makes the buying decision easier.

Fast and consistent cash flow

Your cash flow and working capital are key to a successful business. We pay you up front and the buyer pays us back via payment terms up to 90 days or in instalments. It’s a win-win for you and your customers.

Fine-tuned credit check

Give your business the reputation it deserves. With our in-house-developed eligibility assessment tool, you can rest assured that we extend payment terms only to those with a good credit rating. Not only is our process lightning fast, it takes the pressure off of you to run your own checks.

Risk-free terms

Any non-payments? That’s not your problem anymore! Our Buy Now, Pay Later solution is completely risk-free for you. Any payment defaults due to fraud or non-payment are on us. This way you can reduce your risk while focusing on what you do best. Terms.Tech helps you to build your business wisely and safely.

Ready to grow your business with us?

Sell more and increase your revenues with our fully customised Buy Now, Pay Later solution

Get in touch
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