B2B payments built by the experts
Offer approved trade customers flexible payment options and spending limits up to £30,000.
- Get the funds up front in full, every time
- Accept payments online and in-person, without fees
- Outsource manual processes and credit risk
57%
More likely to purchase
when given the option to Buy Now Pay Later
X2
Get paid twice as fast
by offering an online payment option
100%
Paid in full the same day
as soon as customers check out you get the funds
Accept payments with iwocaPay from your trade customers
For B2B businesses who want to get paid instantly while offering flexible payment terms.
- Streamline your cash flow
- Gain a competitive advantage
- Increase average order value
Get up to £30,000 to spend using iwocaPay
For trade customers who want to increase their purchasing power while keeping control of their cashflow.
- Get approved in minutes
- Spread payments over 3 or 12 months
- On orders above £150 at any iwocaPay supplier
Integrates seamlessly with your sales process
We’ve partnered with the biggest names in ecommerce and accounting software so you can easily accept business payments and unlock growth by offering Buy Now Pay Later to your trade customers.
See our integrations
You control the cost
Take all your payments through iwocaPay for free or stand out from the competition and give your trade customers interest free extended terms - for all of them, or just a special few.
It’s always free for you and your customer if they Pay Now.
iwocaPay FAQs
There are a lot of things to think about when it comes to Buy Now Pay Later for trade customers. Here are some of the common questions we get asked.
Does iwocaPay credit check my customers?
We don’t do any credit checks for customers using Pay Now, but business customers using Buy Now Pay Later will need to get approved before they can spread the cost with iwocaPay. We only run soft credit checks which means applying won’t affect your credit score.
iwocaPay is part of iwoca - an award winning small business lender that’s made finance available to more than 90,000 businesses.. iwocaPay uses the same proprietary credit checking software to make sure we’re supporting as many businesses as possible while being a responsible lender.
How can iwocaPay offer free payments?
We don’t believe businesses should pay to access their money - that’s why we only charge when we add a service, rather than just moving funds from A to B.
That means Pay Now is always free for you and your customers. It’s powered by Faster Payments and Open Banking to allow your customer to securely send you money from their bank account to yours instantly.
We only charge for Pay Later when your customers use it , there’s no subsctiption fees. You also control who pays for Pay Later - either a fixed % on each Pay Later transaction for you (and interest free for your customers) or free for you and interest bearing for you customers.
What happens if my customers don’t pay iwocaPay?
We take on all the credit risk so there’s no recourse - that means if your customers don’t pay us we’ll never come to you asking for the money (unlike other solutions like invoice factoring).
We also don’t outsource our credit recovery process to nasty third parties. iwocaPay is part of iwoca - an award winning small business lender with years of experience lending responsibly and working with businesses to get them back on track when they struggle to pay.
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eCatering
It meant we were able to start offering foodservice operators a buy now pay later service. This has definitely resulted in a lot more sales for us, as our customers can get back on track and start buying the equipment they need again...
First Fence
By having another flexible payment solution, we can get things rolling very, very quickly for all of our customers from anywhere’Axminister: ‘More time to pay means more purchasing power for the customer, so they feel empowered to buy the things they want, need, and everything in between.
BM Steel
We have a lot of exciting products launching online this year, and iwocaPay’s hassle-free trade credit alternative is really going to help us market these effectively and increase our cash flow.
Fresh Law Ltd
iwocaPay is a lifesaver for us and our clients! Without iwocaPay there would be no Fresh Law. If you are a business providing goods or services to other businesses - this is a lifesaver! Awesome customer service too...
Arfon Consulting
Thanks to iwocapay my company has just landed its first big contract of 2021, and it's not even Christmas yet! The ability to offer extended terms through iwocapay clinched the deal, no doubt whatsoever. The best of all, was the synchronisation through Xero.
The Entrepreneurs Circle
We are loving iwocaPay! Giving our customers the ability to spread their investment over 3 months whilst receiving all the money upfront AND not having to deal with chasing payments, invoices etc means it has already saved us hours of time and even helped us close sales.
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Why B2B needs a digital credit upgrade
Read the latest research into the impact of digitisation and trade credit on growth and productivity.
Growing your revenue with integrated trade credit
Research, case studies and practical tips to help you unlock the power of payment terms.
- Increase order volume and conversion rates
- Drive purchasing behaviours without discounting
- Expand your offering and customer base
