Flexible trade accounts and instant payment terms for B2B marketplaces in every industry
Flexible trade accounts and instant payment terms, built for B2B marketplaces. Read the brochure to learn more.
Hokodo's B2B marketplaces brochure
In a space that is becoming increasingly saturated, marketplaces need to offer the best experience to buyers and sellers alike. This includes providing a simple yet sophisticated payment and checkout experience. But with multiple stakeholders and many moving parts, marketplace payments are anything but simple.
To avoid cash flow issues sellers want to get paid upfront, while buyers demand payment terms alleviate pressure on their own working capital. Marketplace operators are left stuck in the middle with their own cash flow exposed to fraud and credit risk.
But we’ll be the first to admit it: offering payment terms isn’t easy. From credit scoringand fraud detection to financing, insurance and payment processing, there are a lot of moving parts that are traditionally supplied by multiple different vendors. And that’s before you’ve considered the labour-intensive work of collecting and paying out to each seller.
Despite these challenges, offering payment terms or instant trade accounts is essential. It accelerates business growth by encouraging more purchases, higher conversions and increased customer loyalty. And the risk of inaction is significant: 66% of B2B marketplace buyers will abandon a purchase if not offered suitable terms.
Bringing all the elements of credit management onto one platform, Hokodo enables buyers to open a trade account and access payment terms instantly, even on their first purchase. Meanwhile, sellers get paid upfront and in full, whileyou benefit from 100% risk protection. All parties get what they need to do business and receive value which they won’t find elsewhere – without impacting the already slim margins of your marketplace.
The end-to-end and pan-European nature of our solution means that you only need to work with one provider to cover everything. Just think of the time and resources that could save your business.
Ready to accelerate growth? We’ve got you. Optimise the payment experience, unlock your constrained balance sheet and ease pressure on your team with simple, fast payment terms and convenient trade accounts that keep customers coming back for more.
A buyer registers for a trade account via your marketplace.
The buyer makes purchases or places bookings as normal throughout an agreed billing period, which is usually a month.
When the buyer is ready to complete their purchase, their trade account is the default payment method.
The buyer receives their order.
We prepare a statement of account consolidating all the purchases made during the billing period, across all sales channels and locations. Payment for all orders is due in one lump sum on an agreed date, usually 30 days after the billing period has closed.
Hokodo runs credit and fraud checks in less than a second to instantly return tailored credit limits and payment plans.
Unnecessary friction is removed from the checkout flow.
You (or your sellers) prepare and ship the order.
Hokodo sends up front payment for the order to your PSP. The PSP executes seller split and payout orders.
Our risk protection means that you are guaranteed to keep the full amount of the invoice, even if we cannot collect.
Faster growth
Attract new customers and boost loyalty with the trade accounts your buyers deserve (and expect).
Healthier cash flow
Upfront payment and non-payment protection guaranteed on every transaction.
Minimal admin
We consolidate buyer invoices and collect payment on your behalf.
Secure future funding
Show that investor cash is being used for growth, not financing.
Sticky buyers and sellers
Avoid platform bypass by offering real value at checkout.
Increased revenue
Buyers spend 30% more and make 24% more purchases per month when offered credit. Result.
Streamlined operations
We take care of the full payment and collections process, so your team can focus on what really matters.
Risk protection
We protect you against all credit and fraud risks.
A better payment experience
Instant access to trade accounts, even on their first purchase. No handwritten forms required. Get in.
Access to working capital
Payment terms free up the cash needed for achieving business growth.
Settlement method selection
A variety of settlement methods such as direct debit, bank transfer and regional options tailored to buyer preferences.
Streamlined customer experience
One-click purchases and consolidated payments save time and resources.
Increased acceptance rate
Hokodo can offer trade accounts to a larger number of your buyers than other lenders.
Trade accounts are unique – just like your marketplace. That’s why our solutions are modular and customisable by nature.
Proprietary credit decision-making engine
Approval decision in <1 second
Fast, accessible and transparent decisions with high acceptance rate
Instant credit score
Personalised credit limits and payment terms for each buyer
Tailored end of month payment terms for buyers (or other agreed payment cadence)
Pay Now option for buyers that wish to settle immediately
You get paid upfront and in full
Robust internal collections procedures for overdue invoices
Partner debt collections agencies operate with tact and respect
100% protection (via AIG) against credit and fraud risks including:
Non-payment
ID theft
Chargebacks
Buyer insolvency
Integrated into your existing checkout via:
Plug-ins for Shopify and Magento; or
A single set of REST APIs, SDKs and robust documentation
Get up and running in 24 hours with a low-tech integration
Real time underwriting
Compliant and secure
Fully digital, frictionless user experience
We’re easy to work with
We take the time to understand your needs
Guided onboarding support delivers rapid impact
Frictionless buyer experience keeps satisfaction high
One provider for all your payment terms needs across Europe
We tailor to your needs
Modular solutions tailored to your requirements
Configure and pay for what you really use
Customisable toolkits to handle any B2B vertical
We’re focused on your growth
We offer B2B commerce expertise
We work with you to unlock business growth
Enterprise-scale merchants supported by strategic partnerships
Hokodo is a very important part of our value proposition. Payment terms are a critical service for us.
An essential part of the B2B ecosystemAt Hokodo, we’re on a mission to modernise and simplify B2B payments. We work with best-in-class industry partners to ensure payment terms are accessible, beneficial and profitable for all buyers and sellers.
WorkLife, Rivington House, 82 Great Eastern Street, London, EC2A 3JF
+44 (0) 20 3974 1620
39-41 rue de la Chaussée d’Antin, 75009, Paris
+33 (9) 74 59 51 37
contact@hokodo.co
hokodo.co
@hokodotech
linkedin.com/company/hokodo
Great, it answers a lot of questions
Somewhat helpful, but I have a few more questions
Not quite what I was looking for
