Credit Key

Small and medium-sized businesses (SMBs) represent 90% of all businesses and more than 50% of employment globally. What keeps these businesses operating and growing is access to capital. Yet historically, merchants have struggled to provide financing solutions that address the adaptability and accessibility needs of SMBs. Innovations in embedded finance technology are changing the game—SMBs can now apply for credit, select payment terms, and complete purchases within minutes. Through integrating with ChargeAfter's embedded lending platform, Credit Key enables merchants to seamlessly offer SMBs access to the capital they need to grow and compete more effectively right at the point of sale. Learn more in Kevin Lawrence's recent article: https://lnkd.in/dxjyhVAQ

In case you missed it, you can use Credit Key for your next purchase at Everfilt® Water Filtration Systems!

PYMNTS recent article highlights how embedded finance has supercharged the digital transformation of B2B payments and commerce: https://lnkd.in/gf8H8qjD #embeddedfinance #embeddedpayments #embeddedlending

Since COVID, making purchases from a laptop or mobile device has become a fairly routine part of our daily lives. Technology companies have responded by creating new methods of online payment like buy now pay later (BNPL), which is now considered to be one of the main challengers to traditional credit card payments. BNPL transactions drove $940 million in online spending on Cyber Monday 2023 alone, a huge 42.5% YoY increase that shows the growing demand for more flexible payment arrangements. And this isn’t limited to the B2C sector. Globally, the embedded finance market is predicted to reach $385 billion by 2029, growing at an annual rate of 30%. As embedded lending soars in popularity, it’s important to understand why your B2B customers prefer this type of payment — and how you can best position your business to take advantage of this shift in buyer behavior. #embeddedlending #embeddedfinance #b2bbnpl

As the buy now pay later (BNPL) payment trend continues to grow, many merchants are realizing how embedded lending can benefit their business. With more flexible lending terms, they can increase customer satisfaction and loyalty, streamline the borrowing and purchasing process, improve cash flow, and drive more revenue. In this article, we’re looking at the key benefits of embedded lending for your business and customers, plus some common challenges you might face if you don’t choose a good payments technology partner: https://lnkd.in/gZHChM5M #embeddedlending #embeddedfinance #b2bbnpl

While merchants across global economies are offering embedded lending, the data shows that the typical merchant serving small and medium-sized businesses (SMBs) has not fully embraced its potential. Yet 37% of SMBs have confirmed that they are interested in switching to vendors who offer embedded lending options. Merchants who aren’t willing to give up valuable market share are responding to buyer behavior trends, creating a surge in adoption of embedded lending tools across the landscape. Those tools, like Buy Now Pay Later, boost sales and help capture and expand the SMB segment—so don’t miss out on the chance to capitalize on the demand. #embeddedlending #smbpayments #b2bbnpl

Evaluating Buy Now, Pay Over Time options to offer your customers? Make sure you're considering: Vendor reliability. Learn what their customers think by researching reviews and testimonials. Cost. Does the vendor provide value to justify the cost? Understand the ROI. If they charge more than other vendors, do they have higher approval rates or a higher likelihood of increasing sales for you? Risk. Understand what, if any, risk falls on you as the merchant. User experience. Evaluate the ease of use for your customers. The application and payment process should be straightforward to encourage adoption. Customer support. For both you and your customers. Efficient and accessible support will be crucial for addressing any issues that arise. #buynowpaylater #buynowpayovertime #b2bbnpl

According to Digital Commerce 360, the top goal for 82% of manufacturers in 2024 is increasing the share of wallet and revenue growth from existing customers. Most leading companies are doing this through digital channels, with eCommerce being a major focus. A smart eCommerce strategy will give you a competitive edge over others in the market and streamline existing order processing operations. Among other things, your strategy should include: -Integration: your digital investments must "play well with others" in your technology stack -Payment flexibility: consider what options you are providing for customers at checkout to enhance their experience and encourage higher AOVs -Efficient ordering: implement features like bulk ordering, quick reordering, and easy access to order history to streamline the purchasing process What else? ⬇ #digitaltransformation #b2becommerce #manufacturing

Millions of small and medium-sized businesses (SMBs) across the United States mainly share one common problem: Access to capital. Instant, self-service financing enables frictionless access to capital for businesses often underserved and overlooked by most financing options. Providing your SMB customers with the capital they need means they can purchase more from you, more often—growing their business and yours. #supportsmallbusiness #smbfinancing #b2bpayments

Your customers are facing outdated, clunky financing processes. Resulting in... You missing out on millions of dollars in revenue. 🚽 Limited customer loyalty. 👎 A lackluster customer experience. ⭐ BUT DON'T WORRY You can fix it. We put together an infographic highlighting the gaps in the existing process and introduce a more buyer-friendly, revenue-generating option that you can implement with no additional risk or headaches for your business. Here it is: https://lnkd.in/gtwnvbAs