MarketTime Announces Partnership with Balance to Launch B2B Payments Solution
MarketTime, the industry-leading B2B order entry, business intelligence and e-commerce platform provider, has announced that its payment solution will be powered by Balance, a B2B payment experience company. leading online payment provider first designed for business. The balance is overturning the old complacent B2B trading methods. This partnership will help MarketTime deliver mtPay, its new integrated credit terms and payment processing solution.
Powered by Libra, mtPay will provide simple and fast payment solutions in the wholesale B2B industries that MarketTime serves – making it easier to solve tough problems, while saving time and money. money for customers.
“mtPay is a game changer for every stakeholder in the wholesale ecosystem MarketTime serves – suppliers, sales agencies, sales representatives and retailers. This new platform will offer tremendous benefits to all parties and eliminate so much of the paper and manual process involved with executing sales and customer payments,”
“We could not be more pleased to partner with industry-leader Balance to help our customers improve cash flows, while simultaneously providing buyers with a seamless checkout experience.”
Chris Happ, CEO of MarketTime.
“More than 2/3 of payment transactions in our ecosystem are still manually executed. Credit applications are still individually considered and processed. Our vision is to enable our customers to remove manual, costly, and non-core functions, allowing them to focus on what they do best.”
Jacob Teplin, COO of MarketTime.
mtPay users are already looking forward to the benefits of a sophisticated B2B payments solution. “We are very excited about mtPay. This is going to be the single biggest advancement in independent store selling since the fax machine!”
MarketTime customer Wes Hardin, CEO of DiverseBrands.
MarketTime customers using mtPay will benefit from a payments platform, designed from the ground up to meet the unique needs of all participants in the wholesale ecosystem. With mtPay, vendors can drive more sales and spend less time chasing payments, getting paid immediately after delivery. Retail buyers improve their cash flow with flexible payment methods and instant access to net terms with one app. And resellers can grow their customer base by providing suppliers and retailers with an enhanced experience.
“There is an increasing need for payment solutions with real-time net terms so that customers can enjoy instant payouts and zero risk,”
“Balance is committed to owning the entire B2B checkout experience, offering customers a seamless payment experience.”
Bar Geron, co-founder and CEO of Balance.
To date, Libra has helped hundreds of B2B merchants and marketplaces bring commerce online. The company recently announced a $56 million Series B led by Forerunner Ventures in July 2022, bringing its total funding to $86 million. Balance currently has 60 employees with offices in Tel Aviv and New York.
