Splitit Business Payments
Imagine knowing you'll be paid for every order,
on time, everytime...
Why You Need It?
All the benefits our product has to offer.
You go from order to cash predictably with automated receipt of deposits and payments on schedule.
You are always paid on time. Splitit puts a hold on the entire amount of an order at the time of purchase. The card issuer assumes the risk.
You can easily onboard new customers or distributors around the world and form trusted relationships with them.
How it works
Allow B2B buyers to place orders using their existing business credit.
- Buyer places an order and chooses to pay with Splitit installments, instead of PO, COD or Financing.
- Buyer and supplier agree on payment terms and the full amount is authorized on the card. Transaction is initiated.
- Merchandise gets manufactured then packed and shipped. Order is delivered.
Over 90% of suppliers report late payments by their B2B customers. Over 50% of invoices are overdue at any given time. Over 20% of businesses report cash flow problems because of late payments.
What businesses are saying
"We believe the Splitit B2B payment solution will be very popular with the 20 percent of our customers that are smaller companies for whom cash flow is crucial. Our hope is that it will help us grow this segment of our business by 10 to 20 percent in the short term."Ashwin Ramasamy, Co-Founder of PipeCandy
“With Splitit business payments we can pre-authorize credit, ship the entire order and provide securitized terms which removes the risk on our part and helps our merchants to have more time to sell the shoes – a better situation for both our company and our buyers."Ron Kenigsberg - President of Miz Mooz
"The B2B offering has removed any inherent antagonism from our relationships with clients when it comes to debt collection and on-time payments, making the daily course of business with our customers smoother and more enjoyable, and allowing us to focus on growing sales and exploring new opportunities."John Zimmerman - President of Ocean Rodeo