As a retailer we know an easy billing process is worth its weight in gold. That’s why it’s important to us to offer a streamlined, reliable billing model. After all, we want you to focus on selling your products, not on how and when you will be paid. So what exactly does that mean for you?

First things first, you don’t have to and in fact cannot use your own payment service. Since July 2022, we have had our own payment service provider, OTTO Payments, which handles all payment activities for OTTO and thus reduces your workload. 

Another advantage is that the buyers will have already passed a credit check. Since OTTO Payments assumes the customer’s risk of payment default, you can be sure that all invoices will be paid and you will receive your money.

Speaking of invoices: In addition to purchase on account, customers can also use the options of payment by installments, direct debit, paypal, advance payment and credit card/debit card. On account and installment payments are very popular among OTTO customers. 

In addition to payments customers make to you, your monthly fee and any commissions for succesfully sold products are also important parts of billing. We deduct your expenses from your revenues, so all expenses are covered. Bookable services are also billed using this process. This keeps the billing process as simple as possible for both you and us.