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Who is a Buyer?

Buyers are registered businesses regularly purchasing goods/sourcing goods to sellers.

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Advantages of Razorpay B2B Checkout Financing for Buyers

  • Buyers enjoy payment flexibility and convenience with B2B Checkout Financing’s payment experience.
  • Razorpay sends timely payment reminders to streamline the payment process. You can use the credit payments experience on checkout along with all other payment methods as well.
  • B2B Checkout Financing improves cash flow management for buyers by optimising up-front payments and paying in easy installments.
  • Enjoy a flexible repayment period between the date of purchase and the repayment date.
  • It improves seller and buyer relationships due to digitised processes, convenience, payment flexibility and more.

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How it Works

  1. Pay the seller for invoices billed to you.
  2. Automate/manually make repayment on the due date.

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Use B2B Checkout Financing

Following is how buyers can onboard, use and repay Razorpay B2B Checkout Financing.

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1. Onboarding

To use B2B Checkout Financing, use the link you receive either from Razorpay Checkout to start the onboarding process. This is a one-time process only. To complete your B2B Checkout Financing application:
  1. Enter your phone number and verify using OTP.
  2. Provide your business details such as the business type, email id, business PAN and more.
  3. Provide OTP to consent for a credit verification.
  4. Share your bank statement for the previous 6 months using Netbanking or manual upload option to check eligibility.
  5. Verify your business details again and proceed to the view and accept the offer.
  6. Submit your KYC details and documents, and e-sign the offer.
Once you complete KYC verification, we activate the RazorpayX account and Dashboard for you. You can now see B2B Checkout Financing as a payment option on the Checkout.

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2. Payment

To use B2B Checkout Financing:
  1. Initiate the payment for the invoice shared by the seller via Razorpay Checkout.
  2. Go to the Pay Later option under All Payment Methods and select Razorpay B2B Checkout Financing as the payment method. Click Continue.
  3. Select the available tenure on the Pay Later options page.
  4. Enter the OTP sent to your registered mobile number.
You have successfully paid the seller using Razorpay B2B Checkout Financing. We email you the tenure and the due date.

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3. Repayment

The repayment amount is automatically deducted from your bank account via NACH. You can also repay the upcoming due amount manually on the RazorpayX Dashboard. To repay upcoming dues manually:
  1. Log in to the RazorpayX Dashboard.
  2. Navigate to B2B Checkout Financing from the left menu.
  3. On the B2B Checkout Financing home page, click Repay Dues. You can view the total amount due as well.
  4. Follow the on-screen instructions to make payment via Razorpay Checkout.
You have successfully repaid the upcoming due manually.