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July 13, 2024
payever enhances B2B Buy Now Pay Later (BNPL) experience through partnership with BFS finance and Allianz Trade
payever, a payments-first company for businesses, has partnered with BFS finance and Allianz Trade to unlock the potential of Buy Now Pay Later (BNPL) payment option in B2B eCommerce. This results in the availability of “Kauf auf Rechnung” (invoice payment) through payever’s platform, offering 30 to 90-day payment terms and invoices up to €30,000 per customer.
This collaboration delivers a complete BNPL solution for B2B online shops, combining the strengths of all three partners. payever seamlessly integrates the solution into existing webshops through customizable APIs and plugins, Allianz Trade delivers real-time protection against non-payment risks, while BFS finance manages receivables and pre-financing.
Innovative solutions for a better B2B BNPL experience
This strategic partnership offers businesses these tools to ensure a seamless and secure B2B BNPL experience:
Seamless Integration: payever’s easy integration through API and plugins allows for quick implementation without requiring advanced technical expertise, while providing merchant support.
Real-Time Buyer Identification and Credit Insurance: Allianz Trade provides real-time credit checks and buyer validation, ensuring businesses can offer payment terms with confidence and reduce the risk of customers not paying.
Liquidity Management: BFS finance helps businesses maintain a steady cash flow by handling pre-financing and managing receivables. This way, they can focus on growth without worrying about liquidity.
These solutions fill a crucial gap in B2B eCommerce, where businesses often prefer invoice payments, despite not always being an option. This new solution simplifies and secures payment processes for businesses.
Tom Alby, Chief Digital Transformation Office at Allianz Trade, highlighted the importance of this innovation:
”The B2B e-commerce volume in Germany is about four times larger than B2C, and B2B commerce is further shifting from offline to online. Yet, invoice payment is often not possible. We now offer exactly this: With just one click everything is done - invisible for the customer, in real-time and in the background… We believe that the future of B2B e-commerce lies in Embedded Finance, the connection and seamless integration of financial services via APIs.”
Why B2B BNPL solutions benefit businesses
Introducing BNPL options in B2B eCommerce offers numerous advantages, including:
Higher conversion rates and revenue: The flexibility of BNPL payment option increases the likelihood of completed transaction, leading to improved conversion rates and sales.
Fairness and transparency: BFS finance, Allianz Trade, and payever ensure secure processing at competitive rates, providing businesses with an innovative payment solution and fair financial solution.
Reduced IT workload: payever offers frictionless integration to BNPL solution through our API and plugins. Furthermore, this significantly reduces IT workload for an efficient implementation.
Minimized non-payment risk: Allianz Trade mitigates non-payment risks by validating transactions in real-time, resulting in secure sales.
Optimized accounts receivable management and liquidity: By transferring insured invoices to BFS finance, B2B eCommerces can focus on core business while ensuring liquidity.
Positive balance sheet: Selling receivables leads to a positive balance sheet, improved equity ratios, and improved company ratings. In addition, businesses can still pay suppliers more quickly to benefit from cash discounts, refinance the growth, and easily cover the higher capital requirement.
Stephan Helweg, Business Development Manager at BFS finance, concluded:
“In the end, all stakeholders profit from our solution. We have worked with great efforts on this product that is based on our year long experience and industry knowledge. I am pleased that online shops can now offer the most popular payment method in Germany without having to consider payment defaults or prolonged payment terms.”
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