Spryker and TreviPay partner to streamline B2B payments

By Delisha Fernandes

TreviPay and Spryker have announced their partnership at B2B Online Chicago 2023 to integrate TreviPay’s global B2B payments and invoicing network into Spryker’s digital commerce and marketplace platform.

As part of Spryker’s composable commerce offering that allows businesses to select best-of-breed solutions and build a highly customized tech stack, TreviPay can now be integrated for merchants to provide choice and convenience to buyers and automate accounts receivables for their business customers.

Through the ever-changing business landscape, digital commerce sellers continue to seek flexible, secure, and experienced technology partners to future-proof payment experiences and build customer loyalty. When merchants offer payment terms, accessible credit, and digitized invoicing, buyers spend more efficiently.

Research by TreviPay highlights that 74% of B2B buyers would purchase with a competitor if their vendor’s eCommerce store could not keep up with their purchasing expectations as a buyer. With an emphasis on loyalty-building payment experiences, offering trade credit through TreviPay will also increase cash flow for B2B merchants, freeing up their working capital for other value-driving activities.

“To best support the digitization of B2B transactions, sellers must meet today’s buyer expectations of having payments choice at checkout without sacrificing operational efficiency,” said Brandon Spear, CEO of TreviPay. “Our strategic partnership with Spryker’s composable platform will help merchants simplify the purchasing process for their business buyers with B2B-specific checkout APIs to incorporate trade credit and automated invoicing functions.”

“B2B businesses require innovative solutions to address buyer preferences and their evolving digital purchasing needs,” said Manishi Singh, SVP App Composition Platform at Spryker. “We are excited to partner with TreviPay, whose B2B payments expertise, customization and scalability will help our enterprise customers boost sales and loyalty.”