B2B Payment Solutions for Marketplaces
Expand the AOV on your marketplace with a B2B buyer’s preferred payment option, an invoice. Marketplaces such as Alibaba.com streamline their purchasing experience with a sophisticated solution like Credit as a Service® .
Master B2B Marketplace Payments With Net Terms
Credit as a Service brings the ease and simplicity of B2C transactions to online B2B marketplaces. B2B leaders use our dynamic tools to underwrite accounts in under 30 seconds, offer Net30 terms at eCommerce checkout and establish purchase controls. Put simply, CaaS gives you the tools you need to keep pace with the evolving demands of B2B buyers.
“MSTS allows Alibaba to have similar capabilities to Amazon.“Allen Bonde – Vice President, Research Director at Forrester
Source: Fintech Collaborations Focus on Fixing Pandemic Struck Supply Chains, PaymentsSource, June 11, 2020
Increase Marketplace Conversion Rates
When you offer buyers the option to pay by invoice at checkout, you can increase conversion and AOV. CaaS will instantly approve up to $250,000 and incorporate purchase order numbers and notes on the invoice with B2B-specific APIs to streamline the payment process. Looking to stand out amongst the competition? MSTS can help. We were included in Forrester’s recent Marketplace New Tech Report on established vendors.
Let us Take the Capital Burden
Many marketplace buyers prefer to pay on terms for their large orders to preserve cash flow. We will extend terms to the buyer, provide settlement to you to pay your sellers in as little as 48 hours and take care of collections. If you’d prefer to have the marketplace be merchant of record, we can do that too.
Drive Loyalty to Your B2B Marketplace
It’s critical to provide the best possible purchasing experience on your platform. Nine of 10 B2B buyers research payment options before purchasing. Streamline their onboarding process and extend net terms to increase average order volume and drive loyalty.
“B2B buyers demand payment terms because of large repeat purchases, credit cards simply aren’t practical. uShip originated as a consumer focused business and needed to adapt to B2B. We selected MSTS as a trusted partner to help us adapt with Credit as a Service.“Chris Neeley – Controller, uShip
B2B Marketplaces that trust MSTS
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Extend Net30 terms and instantly onboard buyers at checkout.
Offer a line of credit at checkout. B2B buyers and sellers prefer it and we’ll extend capital.
Optimize the purchasing experience to increase marketplace loyalty and AOV.