The importance of B2B payment methods in the business market

In both B2C and B2B, the payment process plays a crucial role in converting webshop visitors into actual customers. For B2B, until now there were no or few payment solutions that specifically address the needs B2B customers have today. This has changed with the arrival of Sprinque. With Sprinque, the changing needs of your business customers are optimally addressed. This results in increased conversion rates and customer loyalty.

What those changing needs might be? ShoppingTomorrow's B2B Monitor shows that...
... invoice payments have become significantly more popular compared to previous years;
... as companies grow, the use of invoice payments increases;
... at higher online purchase frequencies, invoice payment is chosen more often.

Sprinque in a nutshell

Checkout with other B2C payment solutions, such as iDeal or credit card, is not the way business customers prefer to pay. Consider the payment limit and transaction fees based on order value. On average, using these payment methods yields 25% less conversion compared to B2B payment solutions. In addition, order value 15% falls and customer retention 20% is lower.

Sprinque prevents this scenario. With this online B2B payment solution, businesses are paid faster and guaranteed. Customers settle at the click of a button. Thanks to real-time fraud monitoring and credit verification, along with payment terms and set credit limits for approved customers, the risk of late payments or non-payment is minimised. Payments are processed immediately, keeping cash flow balanced.

Key benefits of Sprinque:

• Providing real-time credit verification and a user-friendly checkout process to customers and thereby increasing conversion with 30%;
• Always receiving payment, regardless of whether the client pays. As an intermediary, Sprinque pays guaranteed and direct with 0% risk.
• Eliminating management costs and manual workflows with 50%;

The joint vision of Ecomwise and Sprinque

Ecomwise and Sprinque share the same goal: supporting B2B companies in their growth and achieving online success. While Ecomwise focuses on creating technically sound and user-friendly web shops, Sprinque focuses on the right financial solution.

A profitable webshop without worrying about customer payments

Sprinque can be integrated in different locations on a website, such as in the webshop. Would you like to know more about integrating a B2B payment solution in your webshop? Don't hesitate to contact us for more information.