B2B BNPL Playter launches new product, Playter Paid

By Gloria Methri

Playter, the UK-based provider of B2B Buy-Now-Pay-Later, has launched its newest credit offering, ‘Paid’. The aim is to help SMEs release cash flow for growth and investment by offering them flexible financing.

Playter’s clients can now offer their customers extended BNPL payment terms of up to 12 months. The offering would help drive sales representatives to close deals by allowing customers to settle invoices in monthly installments, whilst getting paid in full and on time.

The launch of Paid is a key part of Playter’s plan to create the comprehensive credit platform which already allows SMEs to access up to £1,000,000 of funding, to drive growth and success.

As the newest string to its bow, Paid enables users to combine both Playter Pay and Playter Paid as part of a 360-degree financing toolkit, spreading outgoing bills, whilst being paid for their receivables instantly.

CEO of Playter, Jamie Beaumont, said, “The introduction of Playter Paid gives SME’s the option to not only split any bill they owe but also to offer flexible payment terms alongside any invoice they issue. By combining this with our ‘Pay’ product, we can now offer a 360-degree funding service which means that SMEs can use clever credit to both increase revenues through customer acquisition whilst decreasing cash outflow by never having to pay an invoice upfront ever again, removing many cashflow worries for business owners in a tough economic market.”

A welcome addition to its original product Playter Pay, which allows bills owed to be split, Playter Paid allows suppliers to offer out BNPL terms. This ensures they get paid the full amount of their invoice on day one, while Playter sets up an easy payment plan that spreads the cost of the invoice for their customer over 3, 6, 9 or 12 months. Paid provides a surefire way to help businesses make their cash go further and give back invaluable time spent chasing invoices.