MSTS, a global B2B payment and credit solutions provider, today announced its partnership with Arcadier, the world's fastest-growing Software as a Service marketplace builder. The partnership provides an additional payment option on Arcadier marketplace through MSTS' Credit as a Service (CaaS) solution.
B2B marketplaces continue to rise in popularity and CaaS allows sellers to provide buyers with the frictionless purchasing experience and their preferred payment method, an invoice. InvoiceMe, a tool within Credit as a Service, allows buyers to pay by invoice at checkout, simplify onboarding, and approve credit decisions in under 30 seconds. Offering InvoiceMe as a payment option leads to an increase share of wallet and average order size.
"We've seen a growing demand for diverse payment solutions from B2B marketplace managers, particularly those in the manufacturing space," said Brandon Spear, President at MSTS. "MSTS is proud to provide Arcadier marketplace managers with the technology needed to better serve their global customers. We look forward to expanding Arcadier's buyer-first approach to the payments process."
As the next generation of the B2B experience comes into focus and instances of spot procurement rise, credit has become an integral piece of the marketplace. Consequently, sellers in the space seek to offer more sophisticated payment types to buyers and Arcadier's partnership with MSTS does exactly that — expanding marketplace payment options to increase conversion rates and average order value while freeing up the working capital necessary to operate in the space.
"When searching for a provider, we needed a company that could streamline the user experience on the payments front," said Ken Low, co-founder and CCO of Arcadier. "MSTS' easy-to-use CaaS technology was a natural fit, simplifying cash-flow for sellers and increasing buyer loyalty while strengthening Arcadier's marketplace infrastructure."
MSTS integrates its solution into the Arcadier digital ecosystem, accelerating business commerce as a solution of applications and managed services. CaaS is available on Arcadier's APIs Growth, Scale and Enterprise package tiers, more information about the integration and APIs can be found on the Arcadier Development Resource Centre page.
To learn more about MSTS' credit and payment solutions, visit https://www.msts.com.
MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS' Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients, MSTS processes over $5 billion in transactions a year. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in over 190 countries and territories. For more information, visit https://www.msts.com.
Arcadier is the world's fastest growing SaaS (Software as a Service) marketplace builder and is the recognised global leader of multi-vendor marketplace technology. Founded in 2013 in Singapore by senior PayPal executives, Arcadier has users in more than 170 countries. Arcadier enables start-up entrepreneurs, businesses and communities alike to build their own white-labelled marketplaces easily. Arcadier's platform supports various eCommerce and Sharing Economy marketplace ideas; from retail to professional services and rental of space marketplace types. Arcadier has recently launched its Enterprise Business focused on enabling large corporations and multi-brand retailers create their branded marketplaces for B2C, B2B, wholesaling and procurement.