TreviPay continues to expand loyalty-building technology for all merchants to enhance the payment experience
OVERLAND PARK, Kan.–(BUSINESS WIRE)–#B2B— TreviPay, the global B2B payments and invoicing network, today announced a series of technology features designed to help merchants and corporate buyers build experiential loyalty, including TreviPay’s new integrated payments solution. By offering payment choice, convenience and customization, merchants across diverse industries including retail, hospitality and manufacturing can leverage TreviPay’s technology to reduce friction and build loyalty at every stage of the purchase journey.
Recent research from TreviPay reveals the importance of payment options in optimizing the experience for first-time and returning buyers, with 86% of global business buyers stating that the ability to pay using their preferred payment method is very important. With TreviPay’s integrated payments, B2B merchants and marketplaces can now use TreviPay as a single payments provider for all business buyers. Through integrations, merchants can customize the types of cards accepted, allow business buyers to pay up front using card, ACH or mobile wallet or pay later via network terms (with the ability to pay in 30, 60 or 90 days), invoice to improve cash flow and reduce bad debts.
“As businesses continue to evaluate their digital transformation efforts, there is still an opportunity to innovate online B2B payment experiences to remove checkout friction and increase conversion rates,” said Dan Zimmerman, chief technology officer at TreviPay. “With a comprehensive checkout solution, merchants can rely on A single payments provider to accept multiple payment methods and consolidate reporting across payment types.”
A notable use case is in the B2B retail industry, where credit cards are often the only payment option available online. With 85% of global business buyers prefer trade credit or net terms (often for higher spend or more frequent purchases), retailers can now accommodate both more seamlessly with TreviPay’s all-in-one payments solution choice. Supports credit and debit card payments in 16 payment currencies and 25+ locales for customers in the US, Canada, Mexico, UK, Europe and Australia. The TreviPay API also provides comprehensive reporting to systematically provide detailed reimbursement documentation on a daily basis, as well as comprehensive reporting of card and net payments and deposits at the marketplace and individual seller level.
Additional technology features TreviPay now offers to enhance buyer loyalty include:
- Decentralized billing: Allows sellers to create billing groups and sub-tiered accounts (parent/child hierarchies) using separate legal entities, configure custom payment and billing options, and apply personal credit limits.
- Contract price verification: Sellers can define customer pricing tiers using specific SKU-level pricing details, and TreviPay makes it easy to cross-reference contract pricing without disruption.
- Customized customer support: Allows sellers to define and rank buyers to customize support with white-glove services, such as offering extended network terms or assigning dedicated support agents.
- Customer Portal Redesign: Improve buyer navigation, usability, and customer experience with easy-to-export data capabilities.
To learn more about TreviPay’s solutions to improve loyalty in the B2B experience, please visit www.trevipay.com.
About Trevi Payments
At TreviPay, we believe loyalty starts with payment. By understanding the diverse and unique needs of B2B sellers, TreviPay’s global B2B payments and invoicing network enables businesses to offer payment choice and convenience, open new markets and automate accounts receivable. TreviPay has more than four decades of experience serving leaders who want to build loyalty while increasing efficiency and adopting new digital channels, particularly in industries with large distribution networks such as manufacturing, retail and transportation. For more information, please visit trevipay.com.
Content provided by Business Wire. Toutiao is not responsible for the content provided or any links related to that content. Toutiao is not responsible for the accuracy, topicality or quality of the content.