Term Payment:
A deferred payment pledge that becomes a transactable digital asset
Add Term Payments to your payments solution
Term Payments let any payments provider, bank or wallet offer deferred payments on top of their current payments processing solutions.
Net 30 invoice payments, BNPL agreements, working capital loans or escrow payments can be coded as Term Payments and turned into transactable assets with legal backing.
Integrate seamlessly with your current payment gateways
Our SaaS solution APIs add a layer on top of your current setup, giving you the tools to generate Term Payments from your website or app, and easily render trays for your customers to manage their payments.
The APIs also allow for an easy integration with back-office solutions,
providing account-specific data and account-wide or platform-wide indicators
Term Payments are digital assets you can transfer
Term Payments may be transferred in exchange for cash or as a means of payment, guaranteed by a transferor or 3rd party, or may change its debiting or crediting accounts.
It may also be returned before the due date if the commercial deal is cancelled or parties agree to new payment terms, giving flexibility to all parties involved.
Add attachments to your payments
Invoices, business documents or identity documentation may be attached to payments to support the commercial transaction and facilitate any associated procedures.
Attachments hashing enforces integrity and enables privacy-preserving solutions where only hashes may be shared.
Net30 payments for B2B
Term Payments are a great tool to manage B2B Accounts Receivables / Payables, matching inflows and outflows to minimize working capital needs.
- Offers B2B companies the option to keep financing each other with a better alternative to a Net30 invoice
- Contract-based implementation enables longer terms and higher value transactions, with optional second factor confirmation
- Payment gateways may finance on demand with competitive rates or interest-free to boost new merchants onboarding
BNPL payment gateways
Payment gateways can leverage on Term Payments to offer a BNPL financing solution to their merchants that offers extended capabilities:
- Payments may be financed directly by one or more financing partners
- Credits in portfolio can be off-loaded easily to increase lending capacity, while distress payments can be resold for recovery instead of writing them off
- Contracts are timestamped, digitally-signed and stored by SignersTech, offering transparency for all parties to the agreements
Merchant financed BNPL
Larger merchants usually have the required capital and lines of credit in place to finance their own sales. Term Payments provide a solution for these cases:
- They create an ecosystem where merchants can have deferred payments in portfolio and use them to pay suppliers or as a guarantee for their lines of credit.
- Implementor gains visibility into merchants' commercial credit to offer financing, invoice cover or other financial services
- Merchants may off-load BNPL credits at any point in time, based on customers' past-performance, unexpected financial needs or convenient market conditions.
Ready to play with our sandbox?
Let us show you how Term Payments can boost your transaction volumes.
Schedule a demo:
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- 16192 Coastal Highway, Lewes, DE 19958, USA
- info@signerstech.com
