OVERLAND PARK, Kan.–(BUSINESS WIRE). for small businesses. These bespoke payment and invoicing networks meet the specific needs of every size of business and build on TreviPay’s legacy of being the B2B payment method of choice for thousands of business sellers and their buyers around the world. With 90,000 buyer and 80,000 seller locations worldwide, TreviPay enables merchants to offer commercial credit to business buyers to build more profitable and loyal trading relationships.
“Our legacy helps businesses increase sales and become more profitable by streamlining the trade credit process. Our dedicated networks for businesses of all sizes will support customers with rapidly changing sales models and global expansion by automating complex billing requirements and streamlining A/R and A/P workflows,” said Brandon Spear, CEO of TreviPay. “Just as PayPal developed a network at the edge of the Visa and Mastercard world, TreviPay created a parallel payment network specifically designed for B2B payments and invoicing. Creating the same ‘network effect’ in B2B commerce will optimize trade and loyalty.”
The TreviPay Payments & Invoicing Networks now address the needs of businesses of all sizes:
That private network enables corporate sellers to build closed trade credit networks with invoice-based purchasing across all channels for all their customers. Large companies can benefit from real-time order-to-cash automation while offering their customers a new payment method with invoicing and terms and conditions. Built for businesses, branded for their businesses and embedded into their systems and processes, the Private Network delivers a complete end-to-end customer experience. Large companies can rely on the private network to offer B2B buyers a seamless payment experience, accelerate sales, and attract and retain customers.
That TreviPay Network works similar to the private network but is tailored for mid-market businesses that need to offer instant trade credit and invoicing to business buyers but don’t need a branded solution. This will create a lower barrier to entry for mid-market businesses and help them increase conversions, average order value and lifetime value.
That Small business supplier networkComing soon, banks will be able to offer SMEs flexible payment terms for their customers while eliminating bad debt risk and freeing up capital.
Invoicing and trade credit are essential to B2B commerce, and a TreviPay study found that 15% of B2B buyers spend more when offered trade credit, and 82% would choose one provider over another when that provider offered invoicing at the Checkout would offer 30, 60, or 90-day terms. The TreviPay networks respond to these preferences by allowing B2B merchants to offer the payment terms their customers demand while also expecting a B2C-like shopping experience.
“Payments are a powerful way to build B2B buyer-seller networks characterized by strong connections, exclusive payment and billing terms, improved efficiencies, reduced costs and expanded recurring opportunities,” continued Spear. “Meeting invoice requirements, offering net terms, and agreed spend controls means free trade flows without costly friction in the A/R or A/P departments.”
The TreviPay payment and billing networks are fully managed, including a payment method purpose-built for B2B, localized B2B billing built for global expansion, commercial credits with 30, 45, 60 or 90 days net maturities, managed Accounts receivable and fraud and risk management.
TreviPay is the global B2B payment and invoicing network designed to streamline commerce between buyers and sellers. With more than four decades of network building experience, TreviPay is the B2B payment method of choice for corporate buyers and sellers worldwide, processing $6 billion in transaction volume across 32 countries, 19 currencies and 90,000 active buyers. TreviPay gives customers the ability to offer trade credit and major brands – with 80,000 points of sale – trust it to deliver invoices with net terms and guaranteed payment across all sales and distribution channels. TreviPay has created the only fully managed payment and billing network to power the B2B commerce of the future. Visit trevipay.com for more information.