Will B2B Embrace BNPL Business Models?
Customers are demanding more flexibility in their buying options; COVID made sure of that. Perhaps no where is that more evident than with “buy-now-pay-later” business models, with 44% of surveyed consumers saying they’ve already bought in to BNPL services, according to studies from Qualtrics. We asked Brandon Spear, the CEO of TreviPay, to break down the advantages and disadvantages of BNPL for B2B consumers and how it could differ from B2C transactions.
With so much disruption to the financial and ecommerce landscape during the last few years, from a pandemic, to new touchless and digital technologies, to the expansion of fulfillment-based online retail operations, how much has the nature of B2B transactions changed compared to B2C transactions? Brandon gave us his thoughts on this question, as well, providing his insights from the world of B2B payments.
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