Kriya Payments

Kriya Payments makes it easier for your B2B customers to buy from you online while reducing your credit risk. Giving them instant credit decisions at checkout to pay on flexible payment terms helps them manage their cash flow and make the orders they need to help their businesses grow. You’re paid up front, they pay how it suits them, and the market keeps moving.

You can offer multiple payment terms: 

• 30, 60, 90 days
• At the end of following month 
• In several instalments. 

With one simple B2B payments integration, customers can choose from multiple payment methods, such as Bank Transfer, Direct Debit or Open Banking. 

Account and pricing

Before you install the extension, simply email kriyapayments@kriya.co and let us know a little bit about your business. Our team will be in touch shortly to provide information around transaction fees and set up your separate account which is needed to use Kriya Payments. 

Features

More ways to pay

Offer your customers the payment method, currency and credit terms they're looking for – all powered by our payments platform. With Kriya Payments you can offer 30, 60, 90 day or end of following month payment terms. We also support multiple currencies including Sterling, American Dollars and Euros. Because more ways to check out means more reasons to check in.

Instant lending decisions

No long waits for credit approval. Our embedded finance technology does the work instantly, so when your customer hits checkout, there's nothing to slow them down. Additionally Kriya Payments’ automated risk scoring and fraud review system lighten your teams’ workloads. 

Oversight

Fully customisable reports give you the data you need, when and how you need it. Watch your reconciliations go from slow and manual to instant and automated.

We collect

Save yourself the pain of credit control. We provide the credit, so we also chase any late payments. Leaving you with more time and energy for better things.

Ease of integration

Magento made it even easier to start using Kriya Payments! Simply download the app, pop in some details and you’re ready to go. Offer flexible payment terms to your customers in minutes!

What’s in it for you?

Providing flexible payment terms doesn’t just benefit your customers. B2B businesses who integrate with Kriya Payments can realise a 68% increase in average order values. It also strengthens your own cash flow as you don’t need to put any capital at stake. B2B buy now, pay later means better customer experience, which results in greater customer loyalty and retention.

Check out what one of our customers, a meat and fish B2B marketplace, had to say about us – “Kriya gives us an extra element of buyer power and we are able to negotiate better deals with our suppliers as Kriya allows us to pay them upfront while offering the best rates to our customers. [...] With Kriya, we’ve been able to onboard customers that we usually would not be able to serve as they pay longer to repay us.”

Security 

Kriya Payments redirects customers to our secure payment portal to complete the checkout process. Therefore, your customer information is entered and stored in Kriya’s environment, not Magento’s. In addition, Kriya does not collect any card payment details as part of our checkout process, so there is no concern about providing these details to another party.

Kriya understands the importance of safely securing customer data and information using HTTPS whilst in transit between the checkout and our servers. We also utilise transparent data encryption so that data is encrypted at rest. Any updates sent from Kriya to Magento are verified using hashed-based message authentication codes (HMAC).

Why Kriya?  

Kriya is a B2B lender with over 12 years’ risk decisioning experience, standing out from the rest of the market for reliability and exemplary customer service (see our excellent 4.8 Trustpilot score). We provide Account Management, including refunds and credit notes. Join our other satisfied customers and keep business flowing brilliantly. 

Kriya is the new name for MarketFinance. We are a fintech platform that keeps business flowing brilliantly by providing frictionless access to payments, credit and working capital through seamless integrations and instant credit decisions. 

Founded in 2011, Kriya has helped businesses collect over £20 billion in B2B payments, and advanced over £3 billion worth of credit through working capital and business loans. 

Kriya has a wide-reaching network of strategic distribution partners including Barclays Bank UK PLC, and is backed by a prestigious array of equity investors including Northzone, Barclays Bank UK PLC and Mouro Capital (owned by Santander Bank).

Need more information?

Visit our website to understand more about Kriya Payments.