3 minute read
Managing B2B Credit Limits and Payment with BigCommerce
BigCommerce is one of the world’s leading eCommerce platforms, providing customers with powerful tools to build high-quality online stores. For companies looking to scale their B2B activities, BigCommerce is the platform of choice for many.
One of BigCommerce’s key features is the ability to manage credit limits and payment terms for B2B customers. Large B2B transactions require a secure payment process, and BigCommerce provides merchants with the tools they need to process secure payments. The platform allows merchants to set credit limits for customers and define payment terms to streamline the B2B payment process. By setting credit limits and payment terms for customers in advance, merchants can ensure that their customers adhere to the agreed terms.
In addition to setting payment terms, BigCommerce also offers access to numerous third-party payment gateways such as Stripe and PayPal. These payment gateways enable merchants to accept various payment types from customers around the world, giving them more flexibility and control over the payment process. Retailers can also determine which payment methods are permitted for individual customers, and thus, adapt the payment process individually to the customer’s needs.
When it comes to customer credit management, BigCommerce offers numerous features that allow merchants to manage their customer accounts more efficiently. For example, merchants can assign their customers a payment plan that allows them to pay for purchases in multiple installments. This feature helps reduce the risk of customer defaults and can make large B2B transactions more manageable for both parties.
Overall, BigCommerce is an all-in-one eCommerce platform that gives merchants the tools they need to efficiently manage their B2B transactions. From setting credit limits and payment terms for customers to accepting various payment methods, BigCommerce offers merchants a comprehensive suite of features to streamline customers’ payment process. With BigCommerce, companies are equipped to expand their business into B2B markets with confidence.