CreditDigital offers a point-of-sale B2B finance solution that allows vendors to offer extended payment terms to their business customers whilst they get paid in full, straight away, risk-free.
Previously, businesses customers making a purchase would have to pay in full on the day or the retailer would have to offer credit terms, both of which can be detrimental to the cash flow of the two parties.
By paying through CreditDigital, the vendor is able to get paid upfront whilst the business customer can spread over a longer time period and pay in instalments. This frees up valuable capital that they can use to grow their business whilst retaining more control over budgeting during the time it takes to generate revenue from that purchase.
CreditDigital offers the ability for business customers to access this instant finance solution online through the checkout or in-store when buying offline, for purchases from £1,000 to £15,000 instantly and up to £150,000 within the same day. With payment terms up to 12 months.
For the Vendor:
- Get paid 100% upfront immediately without chasing outstanding invoices;
- Improve cash flow;
- Upsell and increase customer business spend;
- Reach new customer business segments;
- Improve customer business retention and loyalty;
- Beat competition with better payment terms;
- No risk compared to Trade Credit account.
For the Business Customer:
- Boost in working capital allows investment into growth of business;
- Receives favourable rates;
- Customer’s account balance does not change, despite the acquisition of a new product or service;
- Willingness to work with a vendor who is offering flexibility in payment terms;
- Customers can complete an application in minutes and have the payment in their bank account within hours.
How it works:
- Request a new payment. You send your customer an invoice with an invitation to create a customised payment plan.
- Application. The Customer enters their details via a quick and simple application form.
- Offer and e-sign. An instant credit decision is made by our lenders and the customer the signs electronically.
- Payment. You are paid immediately and the customer completes payments to the lender as agreed.
Offer a credit line to your business customers today!