Make Online Invoice Purchases - Curse or Blessing | Antivirus Software

Everyone knows it by now and likes to shop online anyway. If the site also offers purchase on account, all the better. Then you don't have to pay directly, but only when the things are really there. Especially when a larger order is placed in a clothing shop, some things are sent back that many do not want to pay in advance.

It is all the more convenient to simply have an invoice issued, which can then easily be paid later. Usually, there are also other deadlines so that you can take a little more time with the payment.

In addition to credit cards, PayPal, and instant transfer, the purchase on account is also the payment method that represents the lowest risk for the buyer. Anyone who is afraid of their data or has ever had problems with a dubious provider will appreciate this very much.

For the seller, this means a higher risk, because payment delays or defaults occur again and again, which causes unnecessary costs. For many shops, this is the reason not to offer purchase on account or to only guarantee customers who have already been customers several times. If you want an overview of shops that basically allow purchase on account, you can look here.

Advantages and disadvantages of purchase on account for sellers

On the one hand, there are of course advantages for the retailer, because purchase on account is a very cheap payment method, as no costs are due in advance. The customer transfers the money on his own, so there are no problems. Also, the option of purchasing on account means that the rate of abandoned purchases is significantly lower.

However, on the other hand, there are also several disadvantages for the sellers. As already mentioned, this is a payment method that can quickly lead to delays. If a customer does not pay, then administrative costs are due, since reminder letters have to be written and each reminder costs the company money.

Also, the chances of fraud are much higher, because it is sufficient to order under a slightly falsified identity and the seller will never get his money again. In the clothing industry, in particular, purchase on account causes the problem that people wear items of clothing once and then return them very convenient and not pay for them.

In the end, the seller has the problem and high costs. Therefore, many companies carefully consider whether they want to offer purchase on account or not.

Are there any solutions to the disadvantages of purchasing on the account?

As I said, it is now a popular variant to only offer existing customers purchase on account. In many shops, a different payment option must therefore be selected the first time, while afterward purchase on account is also possible.

To prevent fraud, it can also be useful to include an internal address check. This at least checks the address for plausibility and can prevent many attempts at fraud in advance.

If you want to be on the safe side, you can also install so-called payment modules. These not only check the address itself, but it is also compared with existing "blacklists" within a few seconds and a credit check can even be carried out without the buyer noticing anything.

The order is then completed as normal and there are only problems if the background check determines that there are negative features.

In this way, purchase on account can still be offered and the risk for the seller can be reduced considerably. Fraudsters are also quickly put down.

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If you want to order something more expensive the next time, such as a new bed, you should definitely check in which shops purchase on account is offered and should also remember to pay the bill in good time. Otherwise, the purchase on account in your own name may be no longer possible.