New insurance product from FinCred protects suppliers on flexible payment options
Date: Friday 30 June 2023
Retail businesses and supplying companies across the automotive aftermarket are looking to offer flexibility with digital payments, with more and more now offering customers buy now, pay later (BNPL) options.
Until now, offering BNPL payment to customers has introduced risk to the vendor, however a new product now available through FinCred, E-Commerce Credit Insurance from Allianz Trade, provides sellers with protection if the buyer defaults on payment.
The insurance product means retailers and B2B suppliers can continue to offer deferred payment conditions online and provide customers with convenience, while increasing basket spend and retaining confidence transactions are protected.
Allianz Trade has introduced the product in a helpful video here: https://www.youtube.com/watch?v=kRbATUwskrQ
For more information, please contact Hannah Lyon-Wall, director at FinCred, via email: Hannah_lyon-wall@fincred.co.uk, or call 07825 178928.
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