Use Razorpay B2B Checkout Financing (Sellers)
Check how to use Razorpay B2B Checkout Financing as an Seller.
Razorpay B2B Checkout Financing is a
(BNPL) facility with which sellers receive payments from their immediately. B2B Checkout Financing provides a seamless Checkout experience that sellers can use to improve business relationships with their buyers.Seller is a business or marketplace that sells products or services to registered business buyers. Sellers are the providers of goods and/or raw materials to businesses.
- Razorpay B2B Checkout Financing outsources credit cycles so buyers can enjoy a frictionless and quick payment experience. This also facilitates quicker payment cycles for sellers.
- B2B Checkout Financing is -compliant.
- No specialised integration or product development is necessary.
- Enhances conversion rates of sellers as the buyers can spread out their payments flexibly.
- Convenient credit payment experience on Checkout and all other payment methods boost customer retention.
- Improves seller and buyer relationships due to digitised processes, convenience, payment flexibility and more.
Following is a workflow of the B2B Checkout Financing process.
- for your business.
- and show B2B Checkout Financing as a payment option.
- for the goods sold to buyers via Checkout using B2B Checkout Financing.
As a seller, you can onboard and set up B2B Checkout Financing on Razorpay Checkout for buyers in the following way.
Contact the Razorpay Capital
and convey your interest in enabling Razorpay B2B Checkout Financing for your buyers.You can display B2B Checkout Financing on either the Standard Checkout or Custom Checkout using the following integrations. B2B Checkout Financing is also available as part of Pay Later payment options in the Affordability suite.
| Checkout Type | Steps |
|---|---|
| No integration steps. Enable B2B Checkout Financing to display on Checkout. You can also perform an to display the most relevant payment methods to buyers. | |
|
You have successfully enabled B2B Checkout Financing as a payment method for your buyers on the Checkout.
To use B2B Checkout Financing:
-
Complete the
and process. -
Your buyers can use the B2B Checkout Financing option to pay for invoices you raise during the business cycle. This creates a loan on the buyer's name.
The Lender pays the seller on the buyer’s behalf and we settle the amount to the you as per the schedule finalised
.
You have successfully billed and collected the payment from your buyers. The payment method is populated with Pay Later on the Razorpay Dashboard when buyers use Razorpay B2B Checkout Financing.
After the buyer makes the payment on Checkout:
- Razorpay pays you on the buyer's behalf via . This means you receive the B2B Checkout Financing payment in your account separately from the regular settlement cycle.
- Payments are settled on a T+1 basis, where T is the date of payment.
You can initiate a refund from the Razorpay Dashboard. The buyer receives the amount in their account on a T+1 basis, where T is the date you initiated the refund.
-
Log in to the
. -
Navigate to Transactions from the left menu.
-
Select the transaction to refund using the Payment id/Order id.
-
Click Issue Refund on the right pane.
-
Enter the amount to refund in the text box. You can issue partial refunds as well.
The refund amount is deducted from your upcoming
.
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