TreviPay introduces all-in-one payments solution for checkout

Wednesday 6 December 2023 12:45 CET | News

TreviPay, a B2B payments and invoicing network, has released a new all-in-one payments solution designed to help merchants build experiential loyalty with enterprise buyers.

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.  

According to TreviPay research on the importance of payment choice and optimising first-time and returning buyer experiences has a significant impact on vendors. On this note, 86% of global business buyers reported that the ability to pay using their preferred payment method is important. 

TreviPay released a new all-in-one payments solution designed to help merchants build experiential loyalty with enterprise buyers


How the all-in-one payment solution works

Following this announcement, TreviPay’s all-in-one payments for B2B merchants and marketplaces aim to serve the entire spectrum of business buyers with TreviPay as their single payment vendor. Through integration, merchants can customise acceptance of card types, allowing business buyers to either pay upfront with the card, ACH or mobile wallet, or pay later, in 30, 60, or 90 days.

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.

TreviPay’s past developments

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.

Earlier same year, TreviPay launched a capability to support cross-currency sales between businesses, enabling merchants to process B2B transactions in foreign currency.

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Keywords: B2B payments, online payments, purchase-to-pay, payment processing, retail
Categories: Payments & Commerce
Companies: TreviPay
Countries: Australia, Canada, Mexico, United Kingdom, United States
This article is part of category

Payments & Commerce


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