Deferred payment for B2B
Case Study
SPIDWELD is an online platform that supplies customers with specialized tools, materials and equipment for the welding industry. The platform provides services for both individual and business customers.
Deferred payment for B2B
Why was Flex Payment created?
Customers operating in the B2B segment are often looking to take advantage of deferred payment – that’s why SPIDWELD decided to implement solutions Buy Now Pay Later to the payment methods offered. The platform needed a technical partner – for this purpose it contacted our team, and so the cooperation between PragmaGO, PragmaGO.tech and SPIDWELD began.
After careful consideration of the needs of SPIDWELD platform customers, we created Flex Payment, a payment method that allows businesses to defer payment for orders placed for 14, 21, 30, 45 or 60 days.
How does Flex Payment work?
Business customers who use the SPIDWELD platform can from now on choose PragmaGO deferred payment for businesses when placing an order – just check the appropriate option and confirm the order.
In response, the customer will receive an e-mail, containing a proforma and a link to the PragmaGO application.
In the next step, the customer fills out the form and attaches a file with the proforma received in the message. Now all you have to do is choose a convenient payment date and send the application.
The entrepreneur will then receive access to the Client Zone – there he can accept the offer by entering the code from the SMS message. Later, the Customer Zone will be used to manage financing.
Once the transaction is approved, PragmaGO immediately pays the order to SPIDWELD’s account, while the customer finalizes the payment at a later date, according to the previously selected option.
Benefits for SPIDWELD customers
Ability to place an order for urgently needed products
The order will be processed immediately, and the customer will gain up to 60 days to settle the payment
High funding limit
PragmaGO grants SPIDWELD business customers financing of up to PLN 100,000. These funds can be spent on any business-related purchases
Safe and fast transaction
Confirmation of funding is done using SMS verification
Liquidity not threatened
Constant access to cash means customers don’t have to worry about day-to-day finances
You too can offer your customers deferred payment for B2B
Introduce new payment methods that can achieve up to three times the value of your shopping cart.