TreviPay, a global B2B payments infrastructure partner, announced the general availability of Pay By Invoice for eligible Walmart Business customers. Following an initial pilot, the expanded availability gives more organizations a new way to manage purchasing and payments online and in Walmart stores. Walmart Business Pay By Invoice provides net 30-day terms, a dedicated business line of credit and detailed invoicing built into the Walmart Business purchasing experience.
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Powered by TreviPay, Walmart Business Pay By Invoice is designed to give organizations greater flexibility in how they manage business purchases and payments. Eligible customers can get what they need and pay on net 30-day terms, helping them preserve cash flow for other priorities while keeping operations moving. Purchasing controls and payment reconciliation also help organizations share purchasing responsibilities while maintaining oversight and keeping purchase activity, invoices, payments, returns and refunds organized in one place.
“Retailers have a significant opportunity to build stronger relationships with business buyers by recognizing that their purchasing needs are different from those of consumers,” said Brandon Spear, CEO of TreviPay. “Business buyers need payment choice, purchasing controls and terms that align with how their organizations manage cash flow. When retailers make those capabilities part of the purchasing experience, they make it easier for business customers to buy from them and come back again and again.”
The general availability follows an initial rollout of the TreviPay-powered solution. During that period, Walmart Business customers reported a 90% customer satisfaction score with the program.
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