TreviPay , a fully managed B2B payments platform, has partnered with Walmart Business to launch the next phase of the retailer’s Pay-By-Invoice program, providing eligible business customers access to a 30-day credit line. The program is powered by TreviPay’s next-generation payment and receivables automation technology . The offering is available for purchases online, in the Walmart Business app, or in-store.
A study conducted by Murphy Research for TreviPay with 300 global business customers showed that 85% of shoppers want the option to pay on a net basis and are more likely to make larger purchases when this payment option is available. TreviPay’s pay-by-invoice offering allows shoppers to defer payments, receive detailed invoices for streamlined accounting and procurement, and manage their cash flow more effectively.
“Currently, the greatest business potential in retail lies in the B2B sector. Companies that tap into this valuable segment must offer flexible payment options that integrate directly into the shopping experience and offer shoppers efficiency and control,” said Brandon Spear, CEO of TreviPay. “Pay by Invoice enables companies to shop and pay in a convenient and hassle-free way.”
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Pay by Invoice is part of TreviPay’s vision for zero-touch A/R in B2B payments. AI-powered risk assessment and intelligent invoicing ensure guaranteed days sales outstanding (DSO) and improved conversion rates for merchants. Manually managing accounts receivable slows business growth, increases the error rate, and creates unnecessary friction in the buying process. By leveraging TreviPay’s payment technology and managed services solutions, companies can streamline buyer onboarding, invoicing, and debt collection—providing greater control and transparency for finance teams and ensuring guaranteed cash flow.
SOURCE: Businesswire