Apruve is the simplest way to extend net terms to business buyers. Effortlessly extend terms and get paid in 24 hours, risk-free.
Globally, more than 40% of B2B transactions are facilitated through net terms. If your business does not offer your customers the option to buy now and pay later, you may be seeing a higher cart abandonment.
Apruve's integration allows MIVA merchants to extend net terms without ever having to worry about the burdens of credit approvals, collections, payments, or cash flow.
Apruve connects you (the supplier) to banks and your customers. By connecting the dots between the supplier and the bank, Apruve is able to create a payment gateway that gives your customers net terms without the cash flow concern or financial risk.
Clients who wish to buy on terms simply use Apruve to facilitate the transaction. For Buyers, purchasing through Apruve means that they get to buy now and pay later.
For suppliers, any purchase financed through Apruve gets paid within 24 hours. Apruve handles all collections and is responsible for the financial risk.
Credit cards have typically been the primary form of payment for eCommerce, in the B2C arena.
Furthermore, those customers that do buy on terms have higher average order value (AOV) and purchase frequency.
Apruve's open API allows merchants to implement this service into any process that takes orders from business buyers. Whether that is through your MIVA Merchant account or through your backend ERP or Accounting Software.