INDUSTRY USE CASE
Electronics industry growth engine
The electronics industry is a thriving market, valued at over 3.17 trillion euros in 2022. With rapid technological advancements and increasing demand for consumer electronics, businesses in this sector strive to remain competitive by capturing and maintaining market share.
TermsTech has introduced payment terms as a strategic solution for both retailers and wholesalers in the electronics industry. Our deferred payment solution lets you:
- Attract more customers
- Increase sales volumes
- Manage inventory more effectively and ensure a continuous supply of the latest electronic gadgets and components.
- Integrate the payment solution for online, telesales or in-person sales channels
Working together with TermsTech means we take care of all risks around non-payment and fraud while you and your clients benefit from:
- Improved cash flow
- Higher conversion rates = profitability
- Happy and loyal customers
Here’s how it works for businesses in electronics
You integrate TermsTech into your online electronics goods and components e-commerce. Doing this allows you to offer our payment terms solution to the client organisation that contracts a project.
The buyer checks out with BNPL. When the supplier provides invoice and proof of delivery, TermsTech pays them for the goods they sold.
The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers are paid punctually and the buyer effectively manages their cash flow and back office.
Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.
5 reasons to choose TermsTech as your payment terms provider
Enhance customer experience
B2B customers love to pay for goods with credit. Offer TermsTech’s payment terms at your checkout and watch your conversion rates increase while you attract new customers. Flexible. Fast. Easy to use.
Larger transaction sizes = grow revenue
Without providing payment terms, only a few B2B customers would be brave enough to make large transactions. Our credit limit strategy of up to EUR 200k makes the buying decision easier.
Fast and consistent cash flow
Your cash flow and working capital are key to a successful business. We pay you up front and the buyer pays us back via payment terms up to 120 days. It’s a win-win for you and your customers.
Fine-tuned credit check
Give your business the reputation it deserves. With our in-house-developed eligibility assessment tool, you can rest assured that we extend payment terms only to those with a good credit rating. Not only is our process lightning fast, it takes the pressure off of you to run your own checks.
Risk-free terms
Any non-payments? That’s not your problem anymore! Our Buy Now, Pay Later solution is completely risk-free for you. Any payment defaults due to fraud or non-payment are on us. This way you can reduce your risk while focusing on what you do best. Terms.Tech helps you to build your business wisely and safely.
Contact us
Hi, I’m Wouter!
I’d love to discuss how we can help your operation with our working capital solutions. I’m looking forward to meeting you and answering all of your questions about AREA42.
