Make settling up simple

The payment solution for B2B businesses who want to help their trade customers to spend more.

  • Accept payments anywhere without fees
  • Offer Buy Now Pay Later and spending limits for trade customers
  • Avoid credit risk and late payments
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57%

More likely to purchase

when given the option to Buy Now Pay Later

X2

Get paid twice as fast

by offering an online payment option

100%

Paid in full the same day

as soon as customers check out you get the funds

Integrates seamlessly with your sales process

We’ve partnered with the biggest names in ecommerce and accounting software so you can easily accept business payments and unlock growth by offering Buy Now Pay Later to your trade customers.

See our integrations
Tag: iwocaPay integrations with Zero Magento, Woo and Quickbooks
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Get paid on your terms, everytime

Take all your payments through iwocaPay for free or stand out from the competition and give your trade customers interest free extended terms - for all of them, or just a special few.

Bank transfers
Cards
paypal logo
iwocapay logo
Built in payment terms
For business customers
NA logo
NA logo
NA logo
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90 days, interest free
Checkout experience
Clicks to pay
23
20
10
3
Clicks
Trustpilot rating
NA
NA
5 stars icons
5 stars icons
Days to receive funds
Up to
3
business days
3
business days
21
days
Always instant
payment
Bank transfers
Cards
paypal logo
iwocapay logo
Built in payment terms
For business customers
NA logo
NA logo
NA logo
white check icon
3 or 12 month terms
Checkout experience
Clicks to pay
23
20
10
3
Clicks
Trustpilot rating
NA
NA
5 stars icons
5 stars icons
Days to receive funds
Up to
3
business days
3
business days
21
business days
Always instant
payment

It’s always free for you and your customer if they Pay Now.  

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iwocaPay FAQs

There are a lot of things to think about when it comes to Buy Now Pay Later for trade customers. Here are some of the common questions we get asked.

Does iwocaPay credit check my customers?
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We don’t do any credit checks for customers using Pay Now, but business customers using Buy Now Pay Later will need to get approved before they can spread the cost with iwocaPay. We only run soft credit checks which means applying won’t affect your credit score.

iwocaPay is part of iwoca - an award winning small business lender that’s made finance available to more than 90,000 businesses.. iwocaPay uses the same proprietary credit checking software to make sure we’re supporting as many businesses as possible while being a responsible lender.

How can iwocaPay offer free payments?
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We don’t believe businesses should pay to access their money - that’s why we only charge when we add a service, rather than just moving funds from A to B.

That means Pay Now is always free for you and your customers. It’s powered by Faster Payments and Open Banking to allow your customer to securely send you money from their bank account to yours instantly.

We only charge for Pay Later when your customers use it , there’s no subsctiption fees. You also control who pays for Pay Later - either a fixed % on each Pay Later transaction for you (and interest free for your customers) or free for you and interest bearing for you customers.

What happens if my customers don’t pay iwocaPay?
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We take on all the credit risk so there’s no recourse - that means if your customers don’t pay us we’ll never come to you asking for the money (unlike other solutions like invoice factoring).

We also don’t outsource our credit recovery process to nasty third parties. iwocaPay is part of iwoca - an award winning small business lender with years of experience lending responsibly and working with businesses to get them back on track when they struggle to pay.

How Buy Now Pay Later works for you

  1. Instant payouts.

    As soon as your customers checkout we’ll settle 100% of the order - we’ll never ask for the money back if they don’t pay us.

  2. Set up with clicks, not code.

    Offer flexible terms and get paid by link. Set up once, send your pay link and you’re good to go, no coding needed.

  3. Control your costs.

    Take payments without paying a penny or let business customers spread the cost over 3 or 12 months interest free.

  1. Instant payouts.

    Powered by Faster Payments - you get 100% of your funds in your account as soon as they checkout.

  2. A smart alternative to card payments.

    No fees, no interest, no failed transactions, just instant secure payments from their bank to yours.

  3. Always free for everyone.

    It’s always free for you and your customer to settle up with Pay Now.

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How Buy Now Pay Later works for your trade customers

  1. Work with more customers.

    Offer more flexibility around how customers pay without taking on the risk.

  2. Supercharge their purchasing power.

    Let your eligible business customers split the cost into 3 or 12 equal monthly repayments. You decide if it’s interest free for them or at a monthly interest rate.

    How e-catering boost their ecommerce sales

    eCatering, a catering equipment supplier, tells us how using iwocaPay helped drive its sales.

  3. Offer a better service.

    Take payments without paying a penny or let business customers spread the cost over 3 or 12 months interest free.

  1. Let customers pay wherever they are.

    All they need is an internet connection and your paylink. Settle in a few clicks or by scanning a QR code.

  2. Simple, streamlined and secure.

    We pre-fill the details and take them straight to their bank account to make paying seamless.

  3. Upgrade your payment experience.

    Make settling up feel just as slick as everything else you do.

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Let’s get started

Applying won’t affect your credit score

Need help? Call us:

Get approved in 24 hours

Applying won’t affect your credit score

What's next?

  • Apply in 5 minutes
  • Meet your account manager
  • Get money in the bank in hours

Need help? Call us: