The UK-based provider of B2B Buy-Now-Pay-Later (BNPL) services Playter now allows suppliers to offer out BNPL payment plans to their customers
In addition to its original product Playter Pay, B2B BNPL startup Playter has introduced a new Paid solution that allows its customers to offer end clients extended payment terms of up to 12 months.
The launch of the new Paid tool is part of Playter’s plan to create an all-embracing credit platform. Today, the company already allows SMEs to access up to £1,000,000 in funding by converting their bills into repayment terms over 3, 6, 9 or 12 months.
The new offering would allow sales representatives to close more deals, providing their customers with flexible payment plans. The end clients get convenient credit with monthly instalments, while businesses are getting paid in full and on time.
To enable the new BNPL feature, businesses should connect their data and subscription to the Playter platform. The customers get a decision in 24 hours and will be able to decide how much credit funding they want to choose.
Once approved, businesses can add their customers and set up their repayment terms. Each customer can have a different repayment term, according to their needs, from 3 to 12 months.
When a business has created the deal, a dedicated payment link is given to its customers to easily make regular BNPL payments. As soon as the end customers set up their repayment schedule, the seller gets the entire sum paid upfront.
Playter also allows users to combine both Playter Pay and Playter Paid solutions in a 360-degree financing toolkit, spreading outgoing bills, while receiving their payments instantly.