Smart Payment Solutions - Payment terms for B2B

Grow your business by offering your clients smart payment solutions

Freelancing, the so-called “gig economy”, has been growing steadily for years. It is estimated that by the end of 2023, the global freelance market economy is likely to reach 415 billion euros. This number is set to nearly double by 2028. This context means there are ample opportunities for smart payment solutions and their evolution.

In 2021, the EU had 26.9 million self-employed workers. Freelancing is attractive because workers perceive it offers improved flexibility, more control over the work they choose to do, and better work-life balance.

Digitalised management of freelance and contract work is on the rise. A number of online platforms that connect freelancers and independent contractors to hiring companies, i.e. organisations hunting for the new talent, have emerged.

Smart payment solutions are part of the key to making these connections – finding missions and finding workers to achieve those missions.

Image of a man flying through the sky holding a balloon representing his growing freelance career path because hiring companies have opted to use smart payment solutions.

Image showing how Terms.Tech looks at checkout, including reference to your current credit limit.

Here’s how it works

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

Once a freelancer or independent contractor submits an invoice, 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 freelancers are paid punctually and the hiring company effectively manages their cash flow and treasury.

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 freelancer platform. Then you can offer our payment terms solution to the client organisation that contracts a project.

5 simple steps to check out with Terms.Tech

A man sitting in a chair doing work on his computer and discovering smart payment solutions.

01

Step 1

Freelancers, independent contractors, and companies register on your platform. They connect and agree on the mission and work to be completed.

Step 2

Once the freelancer or independent contractor has completed a project, they submit an invoice to the hiring company via your platform.

02

Image representing smart payment solutions, in this case showing how Terms.Tech appears at checkout, including reference to your current credit limit.

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 freelancers 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

Freelancers, independent contractors, and companies register on your platform. They connect and agree on the mission and work to be completed.

02

Step 2

Once the freelancer or independent contractor has completed a project, they submit an invoice to the hiring company 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 freelancers 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.

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

Competitive advantage

With a growing number of platforms that connect freelance professionals with companies, stay competitive by offering the best digital payment terms and service on the market.

Fast and consistent cash flow

We pay you and the freelancers up front while the companies pay us back in up to 90 days or in instalments. It’s a win-win-win for freelancers, platforms, and hiring companies.

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

Grow your business by offering your clients smart payment solutions

Here’s how it works

Let’s look at how it works.

5 simple steps to check out with Terms.Tech

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Step 1

Step 2

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Step 3

Step 4

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Step 5

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Step 1

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Step 2

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Step 3

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Step 4

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Step 5

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

Competitive advantage

Fast and consistent cash flow

Fine-tuned credit check

Risk-free

Ready to grow your business with us?

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