TreviPay and Mirakl announce B2B marketplace solution

By Delisha Fernandes

TreviPay, the payment provider, has partnered with Mirakl, a SaaS solution designed to provide manufacturers and distributors with centralized financing, invoicing and payment services.

The company offers consolidated invoicing that will allow marketplace merchants to accept credit card payments and provide net terms invoicing, allowing buyers to pay on the invoice in 30, 60, 90 days while the merchant is paid immediately.

Brandon Spear, CEO of TreviPay, said, “Marketplaces want to focus on creating dynamic communities for their buyers and sellers, not building out A/R departments to manage invoicing and payments that’s where TreviPay comes in. We know that loyalty begins with payment in B2B marketplaces; buyers want credit decisions in less than 30 seconds and payment choices with options to meet their needs. And merchants need high approval rates to increase transaction volume and want to be paid immediately.”

Merchant pay-outs can be distributed to one or many bank accounts, and payments can also be split. Finally, TreviPay decisioning and onboarding make it simple for merchants to approve new buyers and efficiently capture long-tail spend of smaller, infrequent purchasers.

Andy Barker, Executive Vice President Financial Services, Mirakl, said, “Successful B2B marketplaces offer a payments and invoicing experience that matches how buyers and sellers operate their businesses today. By partnering with TreviPay, Mirakl is expanding our ecosystem of proven partners to continue meeting the needs of enterprises across industries so that every Mirakl-powered Marketplace can exceed the expectations of today’s digital-first B2B buyers.”