In e-commerce, many different factors determine whether a purchase is made or an order is abandoned. In the checkout process, it is the various payment options in particular that determine whether a purchase is ultimately made. Prepayment, invoice, direct debit, credit card, PayPal and instant bank transfer - those who cover these payment options have a clear advantage. This is exactly where CrefoPay comes in.
risk-free purchase on account
How does CrefoPay work?
CrefoPay is a payment interface with a direct link to the business database and Creditreform's risk and receivables solutions. The interface can be integrated into most store solutions with relatively little effort and enables user-friendly payment processing with all relevant payment types. Upstream are fraud and risk checks to prevent payment defaults, e.g. due to impending insolvency or known fraud patterns, supported by AI. Downstream, Creditreform's proven receivables management (dunning, debt collection) is available.
German companies are already selling many goods and services in B2C via online channels. And the potential for B2B e-commerce is also huge. Today, every 5th B2B company already generates half of its total turnover online. 40% of all buyers prefer to buy from partners' online stores. The driver of this development is digitalization. Changed ordering processes and automation are the results. Many companies are faced with the challenge of offering a well-thought-out, digitalized business process. This is exactly where CrefoPay comes in.
CrefoPay can be individually integrated into your system via API interfaces. The CrefoPay plugin is currently available for the following store systems:
The following payment methods can be mapped via the CrefoPay interface:
- CrefoPay invoice
- direct debit
- CrefoPay prepayment
- Credit card (VISA, Mastercard)
- Instant bank transfer
- Paypal
