MonduCard: Business credit card for SMBs and freelancers, with up to 45 days payment terms. Learn more.
Drive purchase frequency and buyer spend by offering customers purchasing power and a simplified shopping experience with utmost convenience.
A digital trade account is a payment solution that enables merchants to offer tailored purchasing power to their customers, allowing them to make multiple purchases over time and defer payment within a predetermined period.
Onboard new customers instantly without risk with Mondu’s real-time credit checks. Our advanced risk engine approves >91% of customers.
Grant purchasing power to new and existing customers based on Mondu’s robust credit risk checks. Reward and incentivize customers with customized purchasing power according to repayment performance.
Get paid immediately after each order ensuring a steady cash flow regardless of when your customers pay. Protect yourself from payment defaults and reduce workload with full support in payment collection and dunning.
Set payment cycles and terms thatÂ
fit your customers’ purchasing patterns and your business needs.Â
Choose the period to close each statement – weekly, bi-weekly, or monthly – and select net terms like 5, 15, or 30 days.
Multiple orders within the assigned purchasing power, consolidated into one statement
One simple payment at the end of each period, with net terms at no additional costs
Tracking of purchasing power usage available through Mondu’s Buyer Portal
Lower administrative burden and fewer accounts payable mistakes
Mondu assesses a buyer’s creditworthiness and assigns them a total purchasing power, which can be used for purchases from all merchants that offer Mondu’s Pay Later options. Orders the buyer places at other merchants using Mondu will impact their available Mondu purchasing power.
The date of issue for statements depends on the specific configuration for each merchant using the Digital Trade Account product. This date is flexible and can be adjusted to suit individual merchant preferences.
Mondu automatically assigns each buyer a purchasing power according to the credit checks we run in real-time. Among other factors, the buyer’s repayment behavior can lead to adjustments in their purchasing power.
Once a buyer has utilized their assigned purchasing power they cannot pay with Mondu any more, until they have repaid their open invoices. Once invoices are repaid, the purchasing power is available again for new purchases.
We are currently developing a new product where additional purchasing power can be given to buyers based on the sellers’ discretion. This will allow the sellers to approve additional orders, for which they will assume the risk of non payment.
You need to issue the invoices and share them with the customer and Mondu – so we can provide upfront payment for each one. Meanwhile, we consolidate all invoices issued during the agreed period into a single statement sent to the customer. This offers better payment terms and simplifies the process, allowing the customer to make one payment instead of several.
Mondu does not issue the invoice, and therefore does not call this feature a collective invoice. All invoices are issued by the merchant.
As part of the Digital Trade Account, Mondu collects the invoices issued by the merchant into one statement which is shared with the buyer and indicates the deferred due date of the aggregated payment for all invoices. This provides buyers with both additional time before the due date, and a simplified experience, eliminating the need to pay for each invoice separately.
