How B2B Electronics Retailers Can Stop Late Payments
BNPL for Business gives you the power to offer a line of credit at checkout to reduce revenue loss and fraud.
Get paid on time, every time.
Retailers supplying electronics to B2B buyers are often faced with the challenge of chasing late payments, tackling fraud and losing revenue due to the need for a distributor.
Taking care of your risk assessment, underwriting, billing and management of your customers’ payments can solve these issues.
Encourage additional spending from your B2B customers by offering a line of credit and payment on terms. Join the major retailers that trust TreviPay to help grow their B2B revenue.
Benefits for You:
- Make it easy for your B2B clients to spend more with you
- Credit can only be spent with you – on your site or in your store, encouraging customer loyalty
- Offer 30, 60 and 90-day terms for B2B commerce
- Works with your existing POS system
How it Works:
- You offer a line of credit to your B2B customers
- TreviPay takes care of all supporting processes including risk assessment, underwriting, billing and management of your customers’ payments
Benefits for Your Customers:
- Cardless programme allows your customers to apply for credit while in-store and spend it via the mobile app
- No more reliance on using cashflow or credit cards to fund purchases
Related Content
Lessons Major Electronics Retailers Can Learn from the Big Banks
For established electronics retailers, the process of digital transformation can be tough. Legacy technology, policies and processes – as well as internal culture – may all need to be updated.
The big banks have a similar problem. For the past few years, they have been under much closer public scrutiny of their effort to reform their practices and infrastructure.
So, what can the major electronics retailers learn from the banks as they modernise their business models and technology?
Lenovo Increases their AOV by 114% on their B2B Stores
To scale their international B2B sales, Lenovo wanted flexible and convenient payment options for their business buyers at checkout, including the ability for buyers to pay by purchase order with flexible net term options.
Lenovo leveraged Digital River’s checkout solution to launch TreviPay for its LenovoPRO B2B stores, offering buyers a flexible and seamless online checkout experience.
The program streamlines accounting operations for
both Lenovo and its business buyers.
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