A common payment method for B2B transactions where the customer is effectively buying on credit. The “terms” of payment are typically negotiated between the customer and the merchant. Purchases made using terms are often (but not always) accompanied with a purchase order and do not require the customer to enter payment details at checkout. Those customers are then invoiced by the merchant and expected to pay within the negotiated term period (e.g. 30, 60, 90 days).
Payment on Terms
