Hokodo enables B2B buyers located across the UK and EU to defer payment by 30, 60 or 90 days or until the end of the month following purchase.

More recently, Hokodo has launched 'Pay in Instalments' and 'Pay Now' features, giving B2B merchants a modular catalogue of payment options from which to choose.

Hokodo has released a report that explores the habits and e-commerce expectations of business buyers.The report found that payment terms are a non-negotiable requirement for more than 8 out of 10 B2B buyers, as a staggering 83% of respondents said that they will abandon an e-commerce purchase if no payment terms are offered at checkout. This shows that merchants and marketplaces that are failing to offer payment terms are missing out on swathes of potential buyers. However, the report identifies three barriers that may prevent B2B merchants and marketplaces from offering trade credit.​​Firstly, offering trade credit online can be a risk as the anonymity and scale of e-commerce means that it can be challenging to determine which buyers can be trusted to stick to their payment terms. Secondly, offering trade credit online can be complex – from credit scoring and fraud detection to payment processing, insurance and collections, offering trade credit comes with a lot of moving parts. Thirdly, trade credit can put pressure on cash flow when merchants are offering it off their own balance sheet.However, it’s essential that B2B merchants and marketplaces find a solution to overcome these challenges in order to retain customers and entice new ones. 86% of buyers surveyed agree that access to payment terms is an important consideration when choosing a vendor or supplier