Transparent and simple: our billing process
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 items, not 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. We will handle it and take the work off your hands! Another advantage is that your buyers will have already passed a credit check. You can rest assured that your invoice will be paid and you’ll receive your money.
Speaking of invoices, you can of course use all the payment options available on otto.de. In addition to buying on account, your customers can also use advance payment, credit card and instalment payments. On account and instalment payments are very popular among otto.de customers.
Your billing advantages
No separate payment service required
Customer credit check included
Payment options: On account, advance payment and credit card
Instalments available
How the billing process works
In addition to payments customers make to you, your monthly fee and any commissions are also important parts of billing. With us you will benefit from a billing process which bundles all these components together.
We deduct your expenses from your revenues, so all expenses are covered. In the future, bookable services or promotions will also be billed using this process. This keeps the billing process as simple as possible for both you and us.
Receipts and disbursements
In OTTO Partner Connect (OPC), you have an up-to-date overview of your payouts at any time. In these, fees and commissions are offset directly and displayed transparently.
One factor that is important for you as a retailer is that we also provide access to customer receipts in OPC.
We also offer the option to have your credit balance paid out weekly. Credit balances are typically made available after 30 days. They are released for disbursement at the end of the return period plus a brief grace period.
