NOTYD B2B Buy Now Pay Later

What is NOTYD?

NOTYD is the buy-now-pay-later solution for businesses and is designed to serve both the business seller and buyer optimally. With NOTYD, businesses buy now and pay later, with the convenience of consumer payment. As a buyer, you benefit from a startup’s innovation and speed, combined with a market leader’s reliability and experience.

To offer convenience and speed to the B2B buyer and seller, NOTYD uses the power of AI. Thanks to innovative technology, the necessary credit check is done in a matter of seconds. This technology increases the acceptance rate and does not exclude sole proprietors. Thus, making buy-now-pay-later available to a larger group of potential customers. Therefore, in addition to convenience, NOTYD also ensures more turnover and growth.

How does NOTYD work and what does it look like at the checkout?

In the checkout, the business customer (the buyer), can select the payment term when they would like to pay NOTYD. Meanwhile, we pay the supplier (the seller) within 30 days after the parcel is shipped. To offer convenience and speed to the B2B buyer and seller, NOTYD uses the power of AI. Thanks to innovative technology, the necessary credit check is done in a matter of seconds. This technology increases the acceptance rate and does not exclude sole proprietors.

Once the check is approved, the order can be fulfilled by the seller. NOTYD buys the receivable, carries out the dunning and collection procedure for the seller, and takes over the seller’s accounts receivable for each purchased receivable. In easy words: NOTYD takes care of the payment request to you. 

NOTYD will start sending the payment request to the buyer, to assure that no due date will be missed. In all cases, NOTYD’s support team is available to provide support, guide you through the process and make sure you will have an answer to your question.

Who is eligible to checkout with NOTYD?

NOTYD is the buy-now-pay-later solution for businesses and designed to optimally serve both the business seller and buyer. NOTYD meets buyer expectations while reducing the risk and operational burden for the seller. Because our system looks at a wider range of data, NOTYD adds more trustworthy customers to the pay-later market: freelancers, small businesses and start-ups. Therefore, registered businesses can use NOTYD as payment method.

NOTYD is currently available to all buyers in Denmark, UK, The Netherlands and Belgium and will expand quickly to other markets.

FAQ’s

Buy Now Pay Later for Business is a payment solution offered by NOTYD that allows the buyer to purchase and receive the products first and pay in the agreed terms afterward.

NOTYD is the buy-now-pay-later solution for online businesses and is designed to serve both the business seller and buyer optimally. With NOTYD, businesses buy now and pay later, with the convenience of consumer payment. As a buyer, you benefit from a startup’s innovation and speed, combined with a market leader’s reliability and experience.

NOTYD will email the payment request to you, the buyer, as soon as the order is shipped by the seller. The payment request includes your invoice due date (depending on the selected terms) and the following bank account details:

Account owner: NOTYD

IBAN: NL15ABNA0104072172

Payment reference: provided in the payment request email

NOTYD, uses the term Buyer for all businesses that use NOTYD as the payment method to purchase goods, services, or assets in an e-commerce checkout of one of our Sellers.

Biller performs a fraud and credit check on each purchase. Therefore, if the requested company information is incorrectly submitted, it’s likely that we couldn’t identify the buyer representative of the company and reject the order attempt. The latter could apply to companies that exceed the credit limit as well. For all order attempts, we highly recommend using your full name and business email address when placing the order and avoiding nicknames or abbreviations.

Yes, it’s possible to pay earlier than the due date of the invoice, as long as you use the payment reference mentioned in the payment request

No, NOTYD does not require you to create an account before using the payment method.

The maximum order value is depending on several factors, hence one amount cannot be confirmed for all buyers. The following factors can determine the credit limit:

  • The review from external credit reports
  • Your buying history with NOTYD
  • Your open invoices with NOTYD
  • The order value in your webshop basket

Yes, this is possible, as long as the credit limit is not exceeded.

No, this is not possible, as NOTYD does not encourage buyers to buy more when the debt is not cleared yet.

Depending on the selected payment term (30, 60, or 90 days), NOTYD will send you a reminder to make sure you will not miss the payment request. We recommend you process the payment before the due date has passed, to avoid receiving reminder fees. In case multiple reminder fees are applied, possible collection fees in accordance with the payment terms and conditions will be added, as well as the risk that we need to involve debt collection agencies.

Should you require any further information please contact us via email sales@1on1wholesale.eu