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B2B Net Terms Automation

B2B Net Terms Automation by Apruve

Apruve is the simplest way to extend net terms to business buyers. Effortlessly extend terms and get paid in 24 hours, risk-free.

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Description

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.

B2B merchants using Apruve witnessed a 2.2 multiplier of order frequency and 3.3 times the amount of line items in comparison to credit card purchases.

How it works

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.



Why extend Terms

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.



The Integration

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.


Installation Documentation

Reviews
Developer Info

Apruve

Website

www.apruve.com

Support Phone

844.427.7883

Support Email

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