Onboarding business customers has been a bottleneck in ecommerce - until now. With Two's "buy now, pay later" solution, online merchants can offer real-time credit validation with invoice terms of up to 90 days directly in checkout.
Two - business invoice in checkout
Traditional onboarding of business customers typically requires an application with several days of waiting for approval or rejection. It comes down to the risk appetite of selling to an unknown buyer, and a wrong assessment can result in the business losing the receivable. According to the European Commission, liquidity shortages on the seller side and a lack of good terms for the buyer lead to 6.4 million jobs being lost in Europe alone. An opportunity and a vision Two is determined to solve.
Two is the first provider of "buy now, pay later" for the business market, a solution that automates business onboarding and enables purchasing immediately. Two simplifies the buying process by offering real-time credit validation and invoice terms of up to 90 days, with no credit risk for the seller.
Two is a Norwegian company with global ambitions. They are live in Norway and the United Kingdom, with expected launch in Sweden, Finland, Denmark, and Germany during 2022.
- Offer business customers 14-90 day invoice terms in checkout
- 20% average increase in B2B conversion
- 60% average increase in AOV (average order value)
- More than 90% of companies get invoice approved
- 80% reduction in back office costs
- Plugin integration via Magento
- Module-based integration via OpenApi
With a steeply growing B-commerce trend, and Pearl's focus on creating the best solutions for B2B ecommerce, entering a strategic partnership was a natural step for us. Together with Pearl's skilled team and Two's payment solution, we are now able to create a fully digitalised purchase journey for the business market.
- Robert Udnesseter, Head of Sales, Two.inc
