GMO Payment Service Launches "GMO B2B Pay on Credit "
~For BtoB transactions of "DX support for billing operations" and "GMO-PS burden for uncollected risks ^(*1)" buy now pay later ~

13 Nov 2020

GMO Payment Service, Inc.

GMO Payment Service, Inc. (President & Chief Executive Officer: Katsunari Mukai hereinafter referred to as "GMO-PS"), a consolidated company of GMO Payment Gateway, Inc. (hereinafter referred to as "GMO-PG") of the GMO Internet Group, has announced that it will provide a Payment After Delivery service "GMO B2B Pay on Credit" for businesses that conduct BtoB transactions, regardless of whether they are online (EC) or offline (face-to-face). It is now available from today, November 13, 2020 (Friday).
" GMO B2B Pay on Credit" is a service in which GMO-PS acts on behalf of the billing of the introducing company, which is the seller side, in BtoB transactions, where the payment of the price by a fixed date is the mainstream.
In addition to reducing the burden on the selling company, this service reduces the payment of the buyer company and GMO-PS will deposit the sales proceeds on the prescribed date ^(*1).

*1 Transactions that have passed the GMO-PS credit check and have been successfully completed are eligible.

GMO Payment Service Launches "GMO B2B Pay on Credit"

[Background to the launch of "GMO B2B Pay on Credit"]

Japan payment in domestic BtoB transactions is generally a "kake-pay" in which a invoice is sent after the delivery or provision of goods or services and paid by a fixed date. However, the selling company has a burden of work, such as "work such as credit decision, issuance of invoice, payment management, and reminders in the event of non-payment" and "there is a possibility that the collection of accounts receivable will be delayed or not possible" and there is a risk of collecting accounts receivable.
Under these circumstances, there is a movement to promote DX (Digital Transformation), which is not limited to paperless operations and operational efficiency, but also transforms business models using IT. As part of this effort, the introduction of Payment After Delivery service, which acts as a proxy for billing-related operations that place a heavy burden on BtoB transactions and reimbursement of sales proceeds, is progressing ^(*2).
Therefore, GMO-PS has decided to provide "GMO B2B Pay on Credit" Payment After Delivery service for BtoB transactions by utilizing the knowledge and know-how of the Payment After Delivery service "GMO Payment After Delivery" for BtoC EC transactions that has been provided since May 2013 with the aim of promoting DX in BtoB transactions of seller companies and eliminating the burden of uncollected risk.

*2 From Yano Research Institute, Inc., "2020 Online payment Service Provider Status and Future Forecast"

[About "GMO B2B Pay on Credit"]

"GMO B2B Pay on Credit" is a Payment After Delivery service for BtoB transactions provided by GMO-PS. Regardless of whether you are a corporation or sole proprietor, you can use it for all BtoB transactions, regardless of whether you are a corporation or sole proprietorship, regardless of whether you are a route sales partner who regularly uses it, or customers who use subscription-type services, regardless of whether you are a business partner ^(*3)。credit check ・ invoice GMO-PS takes care of tasks such as issuance, payment management, and reminders in the event of non-payment, so businesses can improve the efficiency of their billing operations. In addition, regardless of the payment status of the business partner, GMO-PS bears the risk of non-collection of the payment, and accounts receivable of the transactions for one month will be deposited in advance on the prescribed date ^(*1).

■ Features of "GMO B2B Pay on Credit"

1. Real-time credit

Since it implements real-time credit check, it prevents withdrawal with smooth payment without waiting for business partners (buyer companies).

2. Abundant Optional Services

We offer a wide range of Optional Services that can be optimally customized according to your company's operations.

■ Optional Services

・ Early Payment Service	: payment of sales on the 5th business day of the following month earlier than the specified date
・ Individual invoice issuance service	: Issue individual invoice before the closing date, instead of issuing invoice one month's transactions
・ payment deadline extension service	: Extend the payment deadline of the business partner (buyer company) up to 6 months later
・ Frame-guaranteed transaction service	: Since the available limit is set between the business operator and its business partner (buyer company), the business partner (buyer company) can payment without worrying about the purchase amount of other business partners.
・ Collection agency service	: GMO-PS will take over the subsequent invoice issuance and payment management even for transactions that did not pass the credit check.

3. Industry's lowest rate

payment fees, fixed costs, invoice issuance costs, transfer fees, etc., are all at the lowest level in the industry ^(*4). For details on fees, please refer to the following URL.
URL：https://www.gmo-ps.com/service/feature_kb/price/

(*3) The use of "GMO B2B Pay on Credit" is subject to GMO-PS screening.
*4 According to GMO-PS research (as of November 13, 2020).

【GMO Payment Service, Inc.】

GMO-PS provides Payment After Delivery service GMO Payment After Delivery for BtoC EC transactions and Payment After Delivery service GMO B2B Pay on Credit for BtoB transactions as a group of consolidated companies of GMO-PG that provides comprehensive payment-related services and finance-related services. It is used by many businesses due to its real-time credit provision, industry-low rates, and a system that can be customized according to the operator's operation.
We will continue to aim to be a company that contributes to society and people through Internet and payment services, and will strive to develop and provide services that can be used more safely and conveniently by e-commerce businesses and purchasers.

[Press Inquiries]

GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department

TEL: +81-3-3464-0182
E-mail: pr@gmo-pg.com

GMO Internet, Inc.
Group Communication Department, Public Relations Officer, Ishii, Bushiki

TEL: +81-3-5456-2695
E-mail: pr@gmo.jp

[Contact for inquiries regarding services]

GMO Payment Service, Inc.

TEL: 03-3464-2392
E-mail: g-marketing@gmo-ps.com

[GMO Payment Service, Inc.] (URL: https://www.gmo-ps.com/)

Corporate Name	GMO Payment Service, Inc.
Location	1-14-6 Dogenzaka, Shibuya-ku, Tokyo Humax Shibuya Building
Representative	President & Chief Executive Officer Katsunari Mukai
Business Description	■ Provision of payment processing services and EC-related services
Capital	150 million yen

[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)

Corporate Name	GMO Payment Gateway, Inc. (TSE First Section Securities Code: 3769)
Location	1-2-3 Dogenzaka, Shibuya-ku, Tokyo Shibuya Fukurasu
Representative	President & Chief Executive Officer Issei Ainoura
Business Description	■ Comprehensive payment related services and finance related services
Capital	4,712 million yen

[GMO Internet, Inc.] (URL: https://www.gmo.jp/)

Corporate Name	GMO Internet, Inc. (TSE First Section Securities Code: 9449)
Location	Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo
Representative	President and Group Representative Chairman ＆ Chief Executive Officer Masatoshi Kumagai
Business Description	■ Internet infrastructure business ■ Internet advertising / media business ■ Internet finance business ■ Cryptographic assets business
Capital	5 billion yen

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