Into the unknown
What are the challenges faced by e-merchants in offering deferred payment terms such as buy-now-pay-later (BNPL)?
Unlike traditional sales, selling online and offering deferring payment options mean that e-merchants will be selling to a large number of unknown buyers, drastically raising their need for improved credit score intelligence and risk mitigation. Typically speaking, credit insurers are usually involved in order to provide cover for payment risks arising from these transactions.
Higher risks, higher costs
Allianz Trade’s E-commerce Credit Insurance is a simple plug-and-insure solution to protect and grow your online B2B business with a BNPL insurance solution. With BNPL solution for business, you can safely and automatically propose payment terms in real-time to your customers. If your customer does not pay, we will cover your loss.
We offer easy integration into online sales and payment term processes, with 24/7 real-time insurance decision with perfect integration to your workflows. In additional to automated credit assessment, we also provide debt collection services should a customer default.
Want to learn more about BNPL risk management? Talk to us today.