B2B buyers maintain the need for the seamless and streamlined payment experience of B2C buyers, meaning technologies should follow suit.
How is your eCommerce site competing? Is it ready for a little TLC?
Launching 4Business with SCHERMER to help B2C companies expand into new markets
Would you raise your hand if you could extend risk-free lines of business credit to your customers, reduce stress on your team and keep your working capital for your business?
Let your customers buy now and pay later.
With CaaS, Magento customers will be able to provide their clients with invoicing at checkout, personalized discounts and risk-free lines of credit.
In a customer-first market, the B2B eCommerce experience should be the same as B2C. Don't fall behind when a solution is ready now, out of the box.
With CaaS, sellers are able to lower costs and maintain a consistent cash flow while buyers increase purchase control capabilities while paying on terms. The CaaS solution has the seamless feel of a credit card transaction but with one-third less fees.
General Motors will utilize Credit as a Service™ (CaaS) to provide participating Chevrolet, Buick, GMC and Cadillac dealers, and customers electronic consolidated invoicing, access to extended terms options and customized discounts during payment.
In the first of our 3-part series, we outlined how payment on Net30 terms is common in B2B. In fact, from the outside looking in, offering payment on terms seems like a given. Many SMBs feel they must offer terms to be competitive, but they overlook the risks of late payers and the impact of late payments on working capital.
Every time a seller extends payment on terms they must consider several factors.