B2B Buy Now Pay Later (BNPL) is offered in cooperation with our partner BFS finance. This payment option lets your business customers pay an invoice 30 days after the purchase, while you receive 90% of the payable in 24 hours. This increases your conversion rate and average basket size, while accelerating your cash flow.
Please note that in addition to a payever account (create for free here), you also need a contract with BFS finance to use this payment method. To receive a proposal, please contact support@payever.de for an individual offer.
How does it work?
If you decide to offer B2B BNPL & Factoring in your shop, payever links you with BFS finance to sign a service level agreement. When the terms are set, you receive an API key to install the payment option on the payever platform. All further configurations are initiated from the payever dashboard.
If everything is set up, it only takes your customers a few clicks to identify themselves and have their details auto filled when entering your check-out. If B2B BNPL & Factoring is selected, your customers’ financial credibility is seamlessly assessed in real time. If historical abnormalities are detected, the payment method may be locked.
After an order is submitted, you send out an invoice with BFS finance bank details, set for 30 days after purchase. When you confirm the order in the payever system, the details are forwarded to BFS and within 24 hours, 90% of the order value is transferred into your account.
From this point on, payever and BFS finance handle the payment process. After the customer has fulfilled the payable, you receive the remaining order value. If (partial) returns or cancellations occur, you are responsible to report the new order value to BFS finance and refund the discrepancy.
Who can use it?
B2B BNPL & Factoring is available in all relevant markets. It is compatible with all major shop systems via plug-ins and through the Payment API (learn how to configure plugins & interactions).
Fees
The fees for B2B BNPL & factoring are individual. To receive a proposal, please contact support@payever.de for an individual offer.
How to install B2B Buy Now Pay Later
Step 1: Create a free Payever Business Account
First, set up your free payever business account according to your needs. It is recommended, that you thoroughly set up your business before proceeding to the next step. You can learn in detail how to get started here, or directly sign up through this link.
Step 1: Install B2B Buy Now Pay Later through the Payever Platform
First, open the Connect app, by clicking on the Connect button.
Then, find the B2B BNPL & Factoring by BFS finance from the list of available options, by scrolling or using the search bar. Click Install.
Step 2: configure B2B Buy Now Pay Later
When B2B BNPL is installed and activated, click "open" to configure the payment option.
Enter your personal Seller ID, as well as the credentials that you have received by BFS finance.
Configure your desired settings. Please do not forget to click on "Save" so that the settings you have made are applied.
Step 3: Confirm, that B2B BNPL is activated in your payever account
Lastly, please confirm that B2B BNPL has been activated as a payment option. To do so, return to the dashboard and open the checkout app by clicking the checkout icon.
Then, select Payment Options on the left-hand toolbar.
Check whether the toggle switch next to B2B BNPL is blue and the payment method is therefore activated.
You can activate or deactivate the payment method in your payever account at any time. If you deactivate the payment methods by clicking the toggle switch, they will automatically disappear from your shop without you having to configure this in your shop backend (of course, this also works the other way around - when activating a payment method).