INDUSTRY USE CASE
Shipping & logistics industry growth engine
Shipping & logistics is the backbone of international trade. Their value was over 8.4 trillion euros in 2021. The industry is projected to reach about 13.7 trillion euros by 2027.
The rise of B2B e-commerce and the consequent growth of cross-border trade drives shippers to look for flexible and innovative payment options. Why? To ensure smooth, frictionless international supply chains.
Extending payment terms to the enablers of shipping & logistics platforms provides the competitive advantage that distinguishes your business from your rivals, while growing revenues and increasing your customer portfolio. With access to convenient and secure payment terms, your customers’ loyalty and cash flow will increase, too.
Here’s how it works for businesses in shipping & logistics
You [forwarder] integrate TermsTech’s payment terms into your online platform or e-commerce. TermsTech enables you to offer digital trade credit to your shippers.
When your shippers choose to pay with the payment terms, they defer payment of their purchased service based on agreed payment terms. However, you and your suppliers receive payment from TermsTech upon service fulfilment.
Our payment terms solution is tailor-made and caters for all your needs. You don’t have to worry about credit rating, financing, fraud protection, risk management, late payments or even debt collection.
We arrange the financing so you can get paid up front, while shippers pay us back in line with their chosen terms.
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.
