Digital Cross-Border Net Terms Empower B2B Trading, Canadian Business Journal

CALGARY, Alberta, Oct. 12, 2022 (GLOBE NEWSWIRE) — Reach, the global leader in cross-border e-commerce payments, announced that its payments system now offers up to 60 days net terms for business-to-business transactions. We are happy to announce that we are making it possible. commerce. The need to modernize his B2B payments across borders has become a hot topic for international companies as traditional payment methods continue to create friction and introduce delays in the payment process. Reach’s Net Terms offering allows international businesses to remove these pain points with an out-of-the-box solution for B2B payments.

Reach’s Merchant of Record model eliminates the fragmented nature of traditional net payments by leveraging its global network to manage FX, local requirements and compliance all on one platform. Traditionally, international companies have struggled to offer net terms due to cash flow limitations, exchange control requirements and the administrative burden required to obtain approval from cross-border lenders. . Reach leveraged a sophisticated Merchant of Record model and dynamic platform to optimize this payment process.

By offering net terms through Reach, international companies can significantly reduce their DSO and get paid in real time. In addition, Reach is 100% responsible for net condition transactions whether or not the purchaser pays. This ability means sellers experience rapid cross-border cash flow without the associated risks.

For more information on Reach, please visit https://www.withreach.com/customers/b2b.

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About reach

Reach simplifies cross-border e-commerce for forward-thinking organizations with ambitious global expansion goals. Its unique Merchant of Record model eliminates complexity, risk and compliance barriers around the world, turning every international buyer into a local one. By leveraging Reach as a Merchant of Record and accessing its vast payment network, businesses can increase conversions, reduce costs and offset compliance risk.

Media inquiries:

Andrew Cunningham, Head of Marketing & Media

[email protected]

contact address:
Andrew Cunningham
Head of Marketing & Media
[email protected]
15873237124

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Reach_B2B Net Terms Press Release (October 2022).pdf

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Image 1: Reach – B2B & Net Terms

Reach – B2B & Netterm

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