Although uncommon in the US and the UK, some shoppers are accustomed to ordering goods and products online and then paying for it after receiving it. This is true for customers in Germany, where they choose invoice payments as their preferred payment method for online purchases. This is especiall preferred for large ticketed items, which enables the shopper to pay for the product in instalment. If such payment methods are not offered at the check-out, then the transaction will often be aborted. But don't these types of payment offer a high degree of risk to the merchant?
Computop Paygate has integrated to a range of payment on invoice and instalment partners that range in geographical reach and offer a payment guarantee.
TeamBank now offers 'ratenkauf by easyCredit', the first installment purchase solution to combine a simple and uniformly designed installment purchase function for e-commerce and the point of sale (PoS). Customers can use 'ratenkauf by easyCredit' in just a few steps: choose their purchases, calculate their preferred installments, enter their personal data, and pay. No paperwork, immediate approval, and complete flexibility throughout.
Afterpay’s offers invoice payment after delivery. It enables shoppers to pay for items in four simple instalments, without the need for additional information at checkout. Zero fraud or credit risk. Afterpay assumes all end-customer non-payment risk for every single transaction.
Payolution enables merchants to offer purchase on invoice and hire purchase in the D-A-CH region. The company, a member of the Skrill group, especially scores with rapid and guaranteed payments as well as with the support of the B2B and B2B business.
This service facilitates the processing of purchases on account and hire purchases, as well as RatePAY direct debits. A member of the Otto Group of companies, RatePAY offers you a payment guarantee as well as complete debtor management including customer service.
Paymorrow provides support for purchase on invoice and secure SEPA debits in Germany. Merchants benefit from comprehensive protection from payment defaults, as Paymorrow also takes responsibility for debtor management and bill collection.
A subsidiary of arvato, PayByBill makes it possible for eCommerce merchants to integrate purchase on invoice, instalment and debit purchase into their shops. It is available in the following geographies: Denmark, Germany, Finland, the Netherlands, Norway and Sweden.
GFKL Domnowski is a specialist in claims management. Through its PayProtect e-commerce solution, and using a positive customer risk analysis, it will take responsibility for the entire default risk. In the case of payment on account and debit purchase, therefore, the merchant always receives the money and merchant’s risk is reduced.
With BillPay, you can offer the popular payment methods Invoice and Direct Debit and the flexible PayLater – Instalment to your customers and thereby significantly increase your sales and conversion. Millions of customers and more than 4,500 online shops already use BillPay´s payment methods. BillPay´s payment solutions are available for Austria, Germany, Switzerland and theNetherlands.