JuniperCredit to launch in January

Juniper today announced that JuniperCredit—which aims to simplify and spark JuniperMarket buyer-seller transactions through credit lines and Net 60 terms—is set to launch with the B2B e-commerce marketplace in January 2022.

“The highly anticipated debut of JuniperMarket is almost here, with our JuniperCredit feature bringing additional value to buyers and sellers from day one,” says Juniper CEO Bill Furlong. “JuniperCredit gives buyers fast access to capital so they can immediately source from the 1 million+ SKUs already onboarded to JuniperMarket and allows sellers to see early returns on their investments.”

JuniperCredit is prepared to offer qualified buyers a baseline credit line of up to $250,000 per company for JuniperMarket purchases with standard Net 60 terms. JuniperCredit gives qualified buyers access to credit, 60 days to pay for purchases, and a simple wat to manage one single line of credit across multiple vendors through the platform.

The increased purchasing power of buyers will allow qualified sellers to generate more orders, with no credit risk or collection costs associated with the Net 60 terms. Participants will receive guaranteed payments for JuniperCredit purchases within as few as two days, or as many as 30 days, giving sellers the flexibility to choose a payout option that works best for their businesses.

“Credit terms for buyers and sellers is another JuniperMarket feature that is set to make the platform even more valuable and intuitive for the home décor, gift, furniture and apparel industries at launch,” adds Furlong. “Some 90% of International Market Centers’ buyer audience identified that they would purchase more from sellers with net terms and JuniperCredit makes terms accessible for all sellers, increasing engagement and guaranteeing payments.”

JuniperCredit will open as a payment method when JuniperMarket launches in January 2022, with pre-qualification for a limited set of buyers and sellers currently underway. JuniperMarket and JuniperCommerce also will continue to offer sellers the flexibility to capture PCI compliant credit card orders as well as use their own terms on file with their buyers.

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