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HOKODO B2B BNPL

This is an Integration with a Third Party Service. Other charges and fees may be required to use this extension on your Store
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Overview

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Hokodo B2B BNPL is a B2B payments solution that enables B2B merchants to offer instant payment terms to their customers at checkout, even on their first purchase. In turn, customers benefit from additional payment terms, interest free, through a frictionless Buy Now Pay Later checkout experience. 

Hokodo B2B BNPL easily integrates into your Magento checkout flow, and streamlines the process of offering trade credit, so your customers get the same frictionless checkout experience that consumers already get. Your customers can choose how to pay for their purchases, and you get to choose when you get paid. 

Hokodo B2B BNPL enables you to: 

  • Make credit decisions in real time, so only eligible customers see additional payment options
  • Protect against non-payment. Guarantee payment, and protection against late and non-payment. Our solutions are backed by Lloyd's of London, so if your customers don’t pay you, we will. 

Please note: This solution is only for merchants selling B2B. Hokodo does not provide D2C (direct to consumer) financing. Hokodo currently supports registered businesses in the UK, with more coming soon.  

Account & Pricing 

To use Hokodo’s B2B Buy Now Pay Later you need to set up a separate account with Hokodo B2B BNPL directly. Account is set upon a request to contact@hokodo.co and is not a part of the extension installation. The app is free but additional fees apply to access Hokodo’s solution. Contact us at contact@hokodo.co to signup and get pricing information.

Features

  • Hokodo's Buy Now Pay Later solution allows merchants to receive the cash as soon as the order is placed ("sell now cash now") while buyers buy now and pay later
  • No coding required.  Activate with just your Hokodo API Key and get up and running in minutes
  • Frictionless checkout experience for your customers, with options to pay by invoice, credit card and direct debit  
  • Access to testing and production environments, so you can toggle between the two 
  • Ability to customise the checkout experience 
  • Full technical support from the Hokodo team 
  • Access to Hokodo branded materials and messaging to help you maximise growth with Hokodo.

Benefits

Integrating Hokodo means you can win more business by providing your trade customers with the ability to Buy Now Pay Later at checkout. You can expect the following benefits:

  • Increase conversion rates by 40% - Stop customers from dropping out of your sales funnel and boost conversion rates by offering payment terms instantly, even on your customer’s first purchase. 
  • Increase basket size and purchase frequency - Hokodo’s merchants have increased their AOV by up to 50% since offering payment terms. 
  • Provide a frictionless checkout experience - Increase loyalty and repeat purchases on your platform by replicating the smooth B2C purchasing experience your customers expect.
  • Guaranteed payment - Merchants can get paid as soon as the goods are delivered, meaning no more worrying about your cash flow or chasing late payments.

How Hokodo B2B BNPL works 

  1. Hokodo’s APIs check the buyer’s credit score and fraud risk in real time
  2. Your customer sees the payment options which have already been approved for them
  3. Your customer checks out and selects their preferred payment option
  4. If you choose, we can pay you as soon as the goods are delivered. No need to worry about bad debt, we’ll also deal with the hassle of collecting payments.
  5. Your customer pays back Hokodo when the payment becomes due.

Technical Specifications

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Seller profile

Hokodo Ltd.

Seller contact

E-mail

Integrator

Hokodo Buy Now Pay Later For B2B

Current Version

1.0.0

Adobe Commerce platform compatibility

Open Source (CE): 2.4 (current)

Type

Stable Build

Updated

23 November, 2021

Categories

Extensions, Payments & Security, Payment Integration

Supported Browsers

Chrome, Firefox, Opera, Safari, Edge, IE

Documentation

Installation Guides

User Guides

License Type

Open Software License 3.0 (OSL-3.0)

Policy

Privacy Policy

Quality Report

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Installation & Varnish Tests

Passed

Coding Standard

Passed

Plagiarism Check

Passed

Malware Check

Passed

Marketing Review

Passed

Manual Testing

Passed

All tests were conducted on the latest versions of Adobe Commerce that existed for the compatible release lines at the moment of the extension submission. Latest versions of all other software were used, as applicable.

Release Notes

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1.0.0:

  • Compatible with Open Source (CE) : 2.4
  • Stability: Stable Build
  • Description:

    Version 1.0.0.

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Adobe Commerce developers have both a contact email and a support email listed.

Contact Vendor

Q & A

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Reviews

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