The B2B industry is constantly evolving and trade purchases are steadily moving from offline to online. In fact, it’s estimated that the B2B e-commerce market will more than double in value from $8.5tn in 2021 to $18.7tn in 2026. At the same time, 82% of all B2B buyers now expect a B2C-like buying experience 1, yet most merchants are falling short and have not fully transformed into an online business.
To grow revenues and scale their business, it’s now more important than ever for merchants to provide buyers with a frictionless online payment experience. There’s also an increasing demand for payment flexibility, with most B2B buyers preferring deferred payments. 2 At Mondu, we believe providing a world-class purchasing experience is the best way to drive growth in today’s increasingly competitive B2B sphere. That’s why we develop innovative and efficient payment solutions that improve the checkout experience for buyers in B2B online shops. After successfully launching our first BNPL pay per invoice solution, we’re thrilled to announce the newest payment solution from Mondu: Split Payments.
Split Payments: The easiest way for B2B online shops to grow their business
Mondu’s split payment solution allows business buyers to divide their purchases into six equal, interest-free payments. Buyers enjoy a flexible payment option that empowers them to purchase more – and pay a fixed amount each month while benefitting from improved cash flow. Mondu conducts online credit checks in real-time to enable instant approval.
Offering installment payments with Mondu comes with powerful benefits for merchants:
- More sales: Increase conversion rates and average order values by letting customers choose when to pay at no extra cost. No lengthy applications. Instant online approval with 0% interest.
- Better cash flow: Get paid upfront with no delay in settlement, while customers enjoy maximum payment flexibility.
- Greater loyalty: Increase buyer retention by delivering buyers a more convenient and flexible payment experience.
No risk: Offer installments without any risk of non-repayment. Mondu takes on default risk and handles payment collection, while merchants are paid upfront.
Seamless, secure, fast integration
With Mondu, merchants can get set up quickly and safely using Mondu’s easy-to-install widget embedded in the checkout. Merchants can choose their favourite implementation method, no matter which tech stack they use: from e-commerce plugins to API integrations.
Interested in learning more? Get in touch today.
1 Source: Salesforce, State of the Connected Customer Report, 5th Edition
2 Source: 2019 ibi research: Online-Kaufverhalten im B2B-E-Commerce, World supply chain finance report 2021