When businesses buy from other businesses the expectation to defer payment or be offered trade credit has been commonplace for centuries. However, B2B commerce is rapidly digitising, and business buyers now want the ease and sophistication we’ve all come to expect from consumer shopping experiences. And it’s here that PayLater (sometimes called Buy Now, Pay Later or BNPL) payment methods are rapidly gaining adoption by uniting flexible payment terms with modern eCommerce shopping.

In fact, a survey from Stripe found that 75% of consumers who have used BNPL services have used them at least twice, suggesting that they are a preferred payment method.

Kriya is now available on Stripe

That’s why we’re delighted to announce that we’ve partnered with Stripe to make Kriya available to your buyers. Businesses that offer Kriya see an average 82% increase in cart conversion, and a 68% increase in average order value. Adding Kriya to your mix of payment methods can help your business:

• Boost conversion: Many business and trade buyers are looking to source goods upfront to provide products and services to their own customers. They’re more likely to pick a supplier that offers extended payment terms as it means they can get paid before making payment.
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• Increase your average order value: BNPL methods encourage your buyers to order more lower-value goods at one time, increasing your average cart size. It may also encourage them to purchase high-value goods. In either case, your buyers have greater ability to place higher total-value orders, which can help drive revenue.
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• Self-serve trade sales: B2B retailers typically sell via traditional sales channels like telesales or in-store. With a high cost of sale, many are turning to the more scalable solution of moving trade sales online and offering trade credit in a self-serve way with BNPL.
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• Smooth out your cash flow: Once a payment is made through Kriya, you get paid upfront, accelerating revenue into your business.
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• Reduce risk: Kriya handles the authentication and underwriting of your buyers, payment collection, and takes on the risk of any associated repayment issues or customer fraud that may arise, so you can focus on growing your business.
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• Get to market faster: Thanks to our partnership with  you can now seamlessly offer B2B BNPL via Stripe checkout. Start offering payment terms without the need for additional development work.

See it in action

Learn more

Learn more about how Kriya and Stripe can help you optimise your checkout with flexible B2B payment terms here.