The all-in-one payments solution is a series of technology features that provide payment choice and customisation for merchants across different industries, including retail, hospitality, and manufacturing. This solution can leverage TreviPay’s technology to reduce friction and build loyalty at all stages of the purchasing process.
As per TreviPay’s official statement, this all-in-one payment system came as a response to the enterprises that continue to evaluate their digital transformation efforts. It is also designed to eliminate checkout friction and increase conversions.
According to TreviPay, in the B2B retail industry, credit cards are often the only payment option offered online. Currently, credit and debit card payments are supported for customers in the US, Canada, Mexico, UK, Europe, and Australia, in 16 payout currencies and 25+ locales.
On the other hand, trade credit or net terms are preferred by 85% of global business buyers for higher spending or more frequent purchases. Releasing an all-in-one payment solution, TreviPay will offer retailers the opportunity to accommodate both options. It will also provide integrated reporting to deliver detailed reimbursement documentation daily, as well as reporting for card and net terms payments and deposits at the marketplace and individual seller levels.
Through its suite of solutions, TreviPay aims to enable enterprises to provide payment options and convenience, open new markets, and automate account receivables. Currently, the company offers its services to industries with large distribution networks, including manufacturing, retail, and transportation.
In October 2023, TreviPay launched Financial Partner Gateway, a suite of APIs for financial institutions wanting to expand their commercial offerings. The company’s composable technology platform aimed to enable banks globally to deliver automated accounts receivable, underwriting, and trade credit management solutions to their large commercial customers. Additionally, the launch was designed for TreviPay to continue to scale and expand its services globally.
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