Allegro Pay Business is a deferred payment method (BNPL) for businesses, available on the Allegro Business platform. Since 2021, the service has been co-created with Allegro, constantly improving its parameters based on the observation of traders’ needs. The effects of these changes have exceeded expectations. During the year, the value of orders using Allegro Pay Business increased threefold (y/y), and the transactions concluded generate three times higher turnover compared to other payment methods.
The goal of the optimizations implemented was to make Allegro Pay Business available to as many companies as possible – regardless of industry or seniority in the market. More than 100,000 have gained access to the service. entrepreneurs. Using it has become possible from day one – 1 in 10 companies deferring payment are start-ups that have difficulty accessing other forms of financing. By increasing the possible purchase limit to as much as 50,000. PLN, the service has also become attractive for companies fulfilling larger orders. Another important change was the extension of the deferred payment period. Entrepreneurs have a choice of a free 30-day or 60-day period (with an interest rate of 4.5%). Such terms are already standard in the consumer segment; in the B2B segment Allegro is the only platform in Poland to offer them on such a large scale.
Deferred payments (BNPL) are gaining popularity in the Polish e-commerce market. According to the E-commerce Barometer prepared by the Opinion Way agency, nearly 30% of consumers say they use them when shopping online. As our results show, businesses are also very keen on them, pursuing slightly different goals than consumers. Allegro Pay Business is access to money on fixed terms. As a result, the company can stabilize operations, better plan orders and margins, and ultimately maintain liquidity more easily. Using Allegro Pay Business can have an impact on reducing the cost of financing the business and its accounting services. Very importantly, the seller does not bear the risk of financing and receives cash on account immediately, in real time
– says Danuta Czapeczko, Vice President of PragmaGO.