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
bbc logo
financial times logo
the telegraph logo
business insider logo
bloomberg logo
evening standard logo

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

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
Tag: iwocaPay integrations with Zero Magento, Woo and Quickbooks
grey shape and red square at its end
red arch

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.

Bank transfers
Cards
paypal logo
iwocapay logo
Built in payment terms
For business customers
NA logo
NA logo
NA logo
white check icon
90 days, interest free
Checkout experience
Clicks to pay
23
20
10
3
Clicks
Trustpilot rating
NA
NA
5 stars icons
5 stars icons
Days to receive funds
Up to
3
business days
3
business days
21
days
Always instant
payment
Bank transfers
Cards
paypal logo
iwocapay logo
Built in payment terms
For business customers
NA logo
NA logo
NA logo
white check icon
3 or 12 month terms
Checkout experience
Clicks to pay
23
20
10
3
Clicks
Trustpilot rating
NA
NA
5 stars icons
5 stars icons
Days to receive funds
Up to
3
business days
3
business days
21
business days
Always instant
payment

It’s always free for you and your customer if they Pay Now.  

line arc

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?
plus sign

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?
plus sign

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?
plus sign

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.

light blue circular rectangle

Why B2B needs a digital credit upgrade

Read the latest research into the impact of digitisation and trade credit on growth and productivity.

Get the Report

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
Get your free guide
Image of open document titled "Growing your business revenue with integrated trade credit" on a surface