Driving success in the events and hospitality industry through flexible payments

The events and hospitality industry is a vibrant and essential sector encompassing various types of businesses, including hotels, restaurants, event organisers, and travel agents. With a global worth exceeding 4.03 trillion euros in 2022, the events and hospitality industry is growing quickly.

It’s projected to reach 5.8 trillion euros by 2027. However, financial challenges such as high upfront costs and fluctuating demand pose significant obstacles for these businesses.

Terms.Tech has developed a game-changing payment terms solution tailored specifically for the events and hospitality industry. Our flexible payment options for up to 90 days help businesses secure event bookings, accommodation reservations, and catering services while allowing the customers to spread out their payments.

With Terms.Tech you will benefit from:

  • automated payment processing leads to increased number of bookings
  • real-time eligibility assessment for sole traders to large companies
  • individual integration options (via API , plug-in or self-service)
  • improved cash flow and more working capital for businesses
  • enhanced customer satisfaction 
  • letting us chase late and non-payments

With enhanced financial stability, the events and hospitality industry can continue to thrive and provide exceptional experiences for guests worldwide.

Here’s how it works for the hospitality industry

You integrate Terms.Tech into your online platform. Then you can offer our payment terms solution to the client organisation that needs the goods or services.  

After the buyer selects BNPL as a payment method and checks out, Terms.Tech pays you up front via your platform for the work you have completed providing you have uploaded the proof of delivery. The buyer then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers of the goods or services 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.

Let’s look at how it works.

You integrate Terms.Tech into your online platform. Then you can offer our payment terms solution to the client organisation needs the goods or services.  

After the buyer checks out with BNPL as a payment method, Terms.Tech pays them up front via your platform for the work they have completed. The buyer company then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers of the goods or services 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.

5 simple steps to check out with Terms.Tech

01

Step 1

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

Step 2

Once they have completed a purchase and head to checkout, they will select BNPL as a payment method via your platform.

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 buyer 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 buyer 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 they have completed a purchase and head to checkout, they will select BNPL as a payment method via your platform.

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 buyer up front via your platform.

05

Step 5

The buyer 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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