Shipping & Logistics - Payment terms for B2B

**Payment terms solution for shipping & logistics businesses**

Shipping & logistics is the backbone of international trade. Their value was over 8.4 trillion euros in 2021. The industry is projected to reach about 13.7 trillion euros by 2027.

The rise of B2B e-commerce and the consequent growth of cross-border trade drives shippers to look for flexible and innovative payment options. Why? To ensure smooth, frictionless international supply chains.

Extending payment terms to the enablers of shipping & logistics platforms provides the competitive advantage that distinguishes your business from your rivals, while growing revenues and increasing your customer portfolio. With access to convenient and secure payment terms, your customers’ loyalty and cash flow will increase, too.

Let’s look at how it works.

You [forwarder] integrate Terms.Tech’s payment terms into your online platform. Terms.Tech enables you to offer digital trade credit to your shippers. When your shippers choose to pay with the payment terms, they defer payment of their purchased service based on agreed payment terms. However, you and your suppliers receive payment from Terms.Tech upon service fulfilment.

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

We arrange the financing so you can get paid up front, while shippers pay us back in line with their chosen terms.

Let’s look at how it works.

We arrange the financing so you can get paid up front, while shippers pay us back in line with their chosen terms.

5 simple steps to check out with Terms.Tech in shipping & logistics

01

Step 1

The shipper goes to your online platform and books the transportation service.

Step 2

They pay for the service with Buy Now, Pay Later by selecting the payment terms that best fit their business needs. Payment terms range from 30 to 90 days.

02

03

Step 3

Terms.Tech runs a real-time eligibility & fraud risk assessment in the background and if the shipper is eligible, they confirm the BNPL purchase by signing the agreement.

Step 4

We pay you and your carriers once the service has been fulfilled and we received the service fulfilment documents.

04

05

Step 5

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

01

Step 1

The shipper goes to your online platform and books the transportation service.

02

Step 2

They pay for the service with Buy Now, Pay Later by selecting the payment terms that best fit their business needs. Payment terms range from 30 to 90 days.

03

Step 3

Terms.Tech runs a real-time eligibility & fraud risk assessment in the background and if the shipper is eligible, they confirm the BNPL purchase by signing the agreement.

04

Step 4

We pay you and your carriers once the service has been fulfilled and we received the service fulfilment documents.

05

Step 5

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

5 reasons to choose Terms.Tech as your Buy Now, Pay Later provider

Stay competitive

With a growing number of platforms that connect shippers with carriers and sellers and buyers, stay competitive by offering the best digital payment terms and service on the market. Flexible B2B payment terms enable competitive advantages for you and your customers.

Digital payment terms

Modernise your B2B payments provision by offering your customers a modern, frictionless payment experience. When you integrate our digital deferred payments solution into your platform you provide the digital experience that the people behind businesses have come to expect. Flexible. Fast. Easy to use.

Fast and consistent cash flow

Your cash flow and working capital are key to a successful business. We pay you and your carriers 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

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

**Payment terms solution for shipping & logistics businesses**

Let’s look at how it works.

Let’s look at how it works.

5 simple steps to check out with Terms.Tech in shipping & logistics

01

Step 1

Step 2

02

03

Step 3

Step 4

04

05

Step 5

01

Step 1

02

Step 2

03

Step 3

04

Step 4

05

Step 5

5 reasons to choose Terms.Tech as your Buy Now, Pay Later provider

Stay competitive

Digital payment terms

Fast and consistent cash flow

Fine-tuned credit check

Risk-free

Ready to grow your business with us?

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