Instant, flexible trade accounts for all your sales channels
The way that your buyers actually want to pay
Offer instant trade accounts on every channel. Get paid upfront. Protect your business from risk. Read the brochure to learn more.
Digital Trade Accounts Product Brochure
One of the most valuable ways for a B2B seller to offer credit and build trust with a buyer is by providing them with a trade account. The buyer makes purchases throughout an agreed billing period (usually a month) and then pays off all their invoices in one lump sum on an agreed date. A trade account has all the benefits of payment terms, wrapped up in a package that makes both purchasing and payment faster and more efficient. In fact, it’s such a boon to buyers that 81% say they would open a trade account with their main supplier(s) if offered.
But we’ll be the first to admit it: offering trade accounts isn’t easy. From credit scoring and 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 consolidating invoices and collecting payments.
Despite the challenges, offering trade accounts is essential. 78% of B2B buyers say they are a key consideration when choosing a new supplier. Trade credit accelerates business growth by encouraging more purchases, higher conversions and increased customer loyalty. And the risk of inaction is significant: 67% of 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, you get paid upfront and in full, while benefiting from 100% risk protection. Talk about convenience.
The end-to-end 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.
A buyer opens their trade account by providing their business name and address. It takes less than two minutes to complete the registration and their account is ready to use immediately.
The buyer then makes purchases or places orders as normal throughout the billing period.
When they reach the checkout, the buyer chooses to pay with their trade account. Their preferred payment terms and settlement method are pre-selected.
The buyer leaves the store with their goods or receives their online order.
Payment for all orders is collected in one lump sum on the agreed date (e.g., the end of the following month). If we are unable to do so, we begin our collections process.
Hokodo’s APIs run credit and fraud risk checks on the buyer, ensuring your business is protected. These eligibility assessments take less than a second.
The checkout flow remains smooth and frictionless in order to keep your conversion rate high.
Online merchants prepare and ship the order.
Hokodo pays you upfront and in full.
We prepare a consolidated statement of account combining all the purchases made by the buyer during the billing period.
Built in 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.
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 business. 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
