- Walmart for Business has partnered with TreviPay to expand its Pay-by-Invoice program that gives eligible business customers 30-day credit terms for online and in-store purchases.
- TreviPay’s AI-powered receivables technology enables faster dispute resolution, reduces errors, and improves conversion by automating underwriting and invoicing.
- The program has launched with select Walmart Business customers and will expand in the coming months, aiming to capture growing demand in B2B retail payments.
Walmart for Business, an ecommerce site tailored to suit business needs, announced this week it has partnered with global transaction management company TreviPay this week.
Walmart has tapped TreviPay to launch the next phase of its Pay-by-Invoice program that enables eligible business customers to access a line of credit with a 30-day term for online and in-store purchases. The new program will be powered by TreviPay’s payments and accounts receivable automation technology.
TreviPay was founded in 1980 and helps business buyers across industries stop chasing payments. The company’s accounts receivable automation technology optimizes order-to-cash and integrates with all channels and ERPs. In 2020, TreviPay was acquired by Corsair Capital for an undisclosed amount. Today, TreviPay processes over $8 billion in global money movement.
TreviPay’s Pay-by-Invoice product leverages AI-enhanced underwriting and smart invoicing to deliver a guaranteed number of days of sales outstanding (DSO) and ultimately improve conversion. When compared to manually managing accounts receivable, Pay-by-Invoice speeds business growth, decreases errors, and reduces friction at the point of purchase.
“The biggest opportunity in retail now is in B2B. Companies that capture this valuable segment will win with flexible payment options that integrate directly into the buying experience and maintain efficiency and control for the buyer,” said TreviPay CEO Brandon Spear. “Pay-by-Invoice helps companies purchase and pay in a convenient, effortless way.”
At launch, Walmart Business’ Pay-by-Invoice offering is available to a select group of Walmart Business customers. The company plans to expand access to more customers in the coming months.