B2BPAYNew form of payment between companies using Blockchain technology.
How does it work?
1. Formalisation of the purchase contract
One of the two companies registers on the platform, fills in the conditions of the purchase contract in a few minutes, and invites the other company to register. The latter modifies and/or approves the contract, which remains encrypted and immutable in the ETHEREUM system.
2. Mediation of payment
The buyer deposits the amount of the goods with B2BPay who guarantees the buyer that he will only pay the seller if he receives the agreed goods. He also guarantees the seller that he will be paid whenever he delivers the agreed goods.
It is a digital and instant letter of credit but 600% cheaper than traditional ones.