When implemented with the right partners, B2B BNPL can enable e-merchants to offer payment terms online without worrying about whether they will receive payment – or when.
To meet the needs of businesses, Allianz Trade’s solution can help e-merchants leverage BNPL in several ways, depending on the size of the business and whether it wants to receive payment right away:
• A multinational company can seamlessly integrate a BNPL capability into its online checkout process that automatically assesses the creditworthiness of a customer in real time before offering them payment terms. When the transaction is complete, an Allianz Trade financial services partner automatically pays the e-merchant the total transaction value, with Allianz Trade covering any potential non-payment – no matter the international location of the customer. Allianz Trade recently partnered with Two, a pioneer in B2B BNPL platforms, and Santander Corporate & Investment Banking to launch the first global B2B BNPL solution for large multinational corporates.
• For small and mid-sized businesses, the processing and automatic payment can be handled directly by an Allianz Trade’s BNPL platform provider, such as Two or PausePay, with the business receiving upfront payment and Allianz Trade handling creditworthiness checks and covering the credit period for the platform provider.
• Alternatively, you can simply set up a direct integration between your website and the Allianz Trade BNPL service and start providing customers’ credit terms, such as net 30 days, with the credit period – and your guarantee of payment – protected by Allianz Trade insurance.
In all cases, with our E-Commerce Credit Insurance you can rest assured that you will always be paid in full. That means your cash flow is safer and more predictable, and you can plan for tomorrow with greater confidence – and the prospect of BNPL-boosted revenues.