Boosting sales and customer satisfaction in the electronics industry with deferred payments

The electronics industry is a thriving market, valued at over 3.17 trillion euros in 2022. With rapid technological advancements and increasing demand for consumer electronics, businesses in this sector strive to remain competitive by capturing and maintaining market share.

Terms.Tech has introduced payment terms as a strategic solution for both retailers and wholesalers in the electronics industry.

Our deferred payment solution lets you:

  • Attract more customers
  • Increase sales volumes
  • Manage inventory more effectively and ensure a continuous supply of the latest electronic gadgets and components. 
  • Integrate the payment solution for online, telesales or in-person sales channels

Working together with Terms.Tech means we take care of all risks around non-payment and fraud while you and your clients benefit from:

  1. Improved cash flow  
  2. Higher conversion rates = profitability 
  3. Happy and loyal customers

Here’s how it works

You integrate Terms.Tech into your online electronics goods and components platform. Doing this allows you to offer our payment terms solution to the client organisation that contracts a project. 

The buyer checks out with BNPL. When the supplier provides invoice and proof of delivery, Terms.Tech pays them up front via your platform for the goods they sold. 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 buyer 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.

Let’s look at how it works.

You integrate Terms.Tech into your online electronics platform. Then you can offer our payment terms solution to the client organisation that contracts a project. 

Once a buyer checks out with BNPL, Terms.Tech pays them up front via your platform for the work they have completed. 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 comapny 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

Company registers on your platform and goes to your online store.

Step 2

Once the company has purchased everything they need, they head to the checkout via your platform and click Buy Now Pay Later as a payment 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 seller 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

Companies register on your platform. They connect and agree on the mission and work to be completed.

02

Step 2

Once the company has completed a shopping cart, they go to the checkout via your platform and click Buy Now Pay Later as a payment 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 seller 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 = increased 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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