Credit Key Introduces Enterprise Net Terms for Diverse B2B Segments

LOS ANGELES, CA / ACCESSWIRE / June 4, 2024 / Credit Key, a leader in instant financing and flexible payment solutions for B2B transactions, has launched Enterprise Net Terms, a product aimed at enhancing term payment access for various business types.

B2B merchants often face challenges in offering term solutions to customers without direct access to a business principal. These include nonprofits, educational institutions, enterprise companies, and government entities. Enterprise Net Terms allows these organizations to seamlessly apply for net payment terms without requiring a business owner’s association, thus removing a major barrier for them.

"At Credit Key, we are committed to democratizing access to capital and revolutionizing the way businesses transact," said Tung Pham, vice president of product at Credit Key. The new solution provides instant, flexible payment terms across all B2B sales channels and customer segments.

The product offers fast credit decisions at the point of sale and supports an omnichannel experience for all customer segments. Samsung, one of the first partners to adopt Enterprise Net Terms, reported increased order size and frequency among its enterprise buyers using the new option.

Key features include a simplified application process, access to net payment terms without a personal guarantor, management of risk and collections by Credit Key, and expedited payment to merchants within two days. "Enterprise Net Terms will drive revenue growth for our merchant partners and empower more borrowers," said Kruger Schaumkel, vice president of customer success.