Riverty and eBay Launch New Monthly Invoice Payment Option to Enhance E-Commerce Experience

Riverty and eBay Launch New Monthly Invoice Payment Option to Enhance E-Commerce Experience

(IN BRIEF) Riverty has partnered with eBay to introduce a new monthly invoice payment option, enhancing flexibility for consumers and streamlining transactions for sellers. This collaboration allows customers to consolidate payments for multiple purchases into a single monthly invoice, which can be paid within 14 days without additional fees. The integration strengthens merchant-customer relationships through co-branding opportunities, ensuring merchants’ brands are highlighted in various communications. Riverty, part of the Bertelsmann Group, emphasizes security and reliability, supporting thousands of sellers and over 28 million consumers. This payment option is set to roll out in Germany, with full availability expected by early 2025.

(PRESS RELEASE) BERLIN, 6-Nov-2024 — /EuropaWire/ — Riverty has teamed up with eBay to introduce an exciting new payment option: a convenient monthly invoice feature now accessible at checkout. This collaboration enhances flexibility for eBay customers and offers sellers quick transactions backed by a reliable payment partner.

Enhancing Merchant-Customer Connections Through Co-Branding

The partnership with eBay, facilitated by Adyen, includes a Buy Now, Pay Later (BNPL) solution that prioritizes strengthening the merchant-customer relationship. Riverty’s approach features co-branding opportunities that consistently showcase merchants’ brands across various customer communications, such as invoice emails, social media posts, and in-app notifications. This strategy ensures that the merchant’s identity remains prominent in the customer experience, thereby boosting brand awareness and loyalty. It exemplifies how BNPL services can enhance consumer engagement.

Andreas Barth, CEO of Riverty, remarked, “Our alliance with eBay illustrates our commitment to a ‘merchant-first’ approach. eBay, a leader in the e-commerce space, offers a distinctive selection of rare and hard-to-find products. We are honored that eBay has selected Riverty to expand its payment options and enrich customer experiences.”

Riverty’s Integrated BNPL Solution at eBay

Dr. Saskia Meier-Andrae, Managing Director of eBay Germany, added, “With the introduction of the monthly invoice, we are providing our customers with a tailored online shopping experience. We understand that our buyers appreciate a quick and efficient way to consolidate payments for multiple purchases, which is precisely what our collaboration with Riverty offers.” eBay sellers will see no changes in their operations; they will continue to receive their payments as per the agreed payout schedule.

The monthly invoice represents a robust, integrated option for deferred payments at no extra cost. Customers are not required to set up a separate account; instead, they will receive a comprehensive invoice at the start of the following month, detailing all purchases made, with a 14-day payment window. Timely payments incur no additional fees. This payment process is managed by Riverty, a trusted payment service provider within the Bertelsmann Group.

Prioritizing Security for Buyers and Sellers

“The security of our buyers and sellers is our foremost concern, which is why we impose high standards on our partners,” stated Meier-Andrae. “Riverty meets these expectations with scalable technology, proven expertise in financing solutions, and robust financial stability as part of the Bertelsmann Group.” Riverty supports thousands of sellers and over 28 million consumers, processing more than 80 million payment transactions monthly.

eBay is set to roll out this payment option to customers in Germany, with general availability anticipated by early 2025.

This press release was authored to highlight the partnership between Riverty and eBay and its implications for enhancing payment options in the e-commerce sector.

About Riverty

Riverty, the fintech arm of Bertelsmann, supports thousands of merchants and over 28 million consumers by processing more than 80 million transactions monthly. Offering flexible payments, debt collection, and smart accounting solutions, Riverty empowers businesses and consumers with cutting-edge financial services. With a dedicated team of over 4,000 employees across 11 countries in Europe and North America, Riverty is a leader in delivering comprehensive financial solutions.

Media Contact:

Kristina Hunter Nilsson

Global, BENELUX, Nordics
Corporate Communications Lead & Spokesperson
press@riverty.com

SOURCE: Riverty