Selecting the right B2B financial solution can determine whether your business thrives or struggles with cash flow constraints. While Hokodo previously served European merchants with trade credit before deciding to wind down in late 2025, and BlueVine provides business banking, lending, and payment tools, Resolve Pay delivers comprehensive net terms financing with non-recourse protection specifically designed for US manufacturers, distributors, and wholesalers. Understanding these fundamental differences between a defunct European platform, a financial technology solution, and a purpose-built B2B payments platform helps mid-market sellers select the approach that matches their cash flow objectives, risk tolerance, and growth requirements.
The B2B payments ecosystem includes payment processing and the exchange of invoice, remittance, and other transaction information between businesses. Understanding these differences helps finance leaders select tools aligned with their operational requirements and growth objectives.
Platforms like Resolve Pay enable sellers to offer deferred payment terms (Net 30/60/90) to business buyers while receiving immediate cash advances. The platform assumes credit risk, handles collections, and automates accounts receivable processes. This category serves suppliers who want to offer competitive payment terms without straining their own cash flow or taking on buyer default risk.
Platforms like BlueVine provide traditional banking services including checking accounts, payment processing, and lines of credit. These platforms help businesses manage daily financial operations and access working capital through various lending products.
Platforms like Hokodo (now defunct) focused on enabling deferred payments at checkout for European B2B transactions. These platforms operated at the intersection of payments and credit, allowing buyers to pay later while merchants received immediate payment.
The fundamental distinction lies in risk allocation and operational scope:
For US-based manufacturers, distributors, and wholesalers needing to offer payment terms while protecting cash flow, net terms financing platforms like Resolve Pay address the complete requirement set of credit decisioning, cash advances, risk transfer, and receivables automation.
The B2B payments landscape changed significantly when Hokodo decided to wind down in late 2025. The company later announced the closure of the business after eight years of operating its European B2B trade credit platform.
Before closing, Hokodo had:
The wind-down affects European merchants who must now find alternative solutions. For businesses that previously relied on Hokodo's pan-European coverage, options include Mondu for the DACH region, Kriya or Two for the UK market, and Billie for pan-European operations.
Hokodo operated exclusively in European markets and never served US-based suppliers. The closure reinforces a critical geographic reality in B2B payments:
US manufacturers and distributors seeking net terms financing should focus on platforms built specifically for the American market rather than considering European-focused alternatives.
Resolve Pay operates as a comprehensive B2B payments platform enabling manufacturers, distributors, and wholesalers to offer net payment terms while receiving immediate cash and offloading credit risk.
Non-Recourse Net Terms Financing
Resolve Pay's Advance Pay program allows sellers to offer Net 30, 60, or 90 day terms to approved buyers while receiving advances of up to 90-100% of invoice value within 1-2 business days. The non-recourse structure means Resolve Pay bears the credit risk if approved customers default, not the seller.
This differs fundamentally from traditional factoring where:
AI-Powered Credit Engine
The proprietary credit decisioning system evaluates thousands of buyer data points including cash flow trends, payment history, and behavioral signals. Resolve Pay supports instant credit decisions for qualifying transactions, while other credit assessments are typically completed within 24 business hours compared to the multi-week timelines common with traditional trade credit applications.
Key credit engine features include:
AR Automation Platform
The accounts receivable automation capabilities reduce manual AR work by up to 90% through:
Agentic Collections
Resolve Pay's agentic collections system uses multi-channel automated sequences including email, SMS, and voice AI outbound calls. The system features intelligent escalation based on buyer response and payment history while preserving customer relationships through professional, friendly communication.
Collections capabilities include:
Resolve Pay integrates with major business systems:
Ecommerce Platforms:
Accounting and ERP Systems:
Additional Capabilities:
Resolve Pay serves 15,000+ businesses with documented outcomes including:
Resolve Pay is SOC 2 Type II attested, supporting its security and controls framework for businesses using the platform. The company was built by former executives from Affirm, Amazon, and PayPal, bringing deep expertise in credit risk, payment workflows, and scalable technology.
BlueVine operates as a financial technology platform providing business checking, lending, invoicing, payment acceptance, bill pay, and related financial tools for small businesses. The platform serves financial management and working capital needs.
BlueVine offers multiple business checking plans with varying features, interest eligibility, sub-account allowances, and account-management capabilities. The platform provides interest-bearing business checking and access to expanded FDIC insurance through its partner-bank network.
Additional banking features include:
BlueVine provides revolving business lines of credit for eligible businesses, with available credit and repayment terms determined through its underwriting process. The platform offers draw and repay flexibility with separate application processes from checking accounts.
BlueVine maintains varying ratings across review platforms, with strong performance on some and challenges on others. The platform receives positive feedback for its online interface, account setup process, and banking features, while some customers report concerns related to account verification processes and customer support experiences.
Offering Net 30/60/90 Terms to B2B Buyers
Resolve Pay combines net terms with non-recourse advances and AR automation, enabling sellers to extend payment terms while receiving immediate cash and transferring approved buyer default risk.
Eliminating Credit Risk on Approved Invoices
Resolve Pay's non-recourse protection transfers default risk on approved transactions, providing sellers with payment certainty while buyers pay on deferred terms.
Automating Accounts Receivable Workflows
Resolve Pay integrates AI-powered credit decisioning, invoicing, reconciliation, and collections into a unified workflow that reduces manual AR work.
Business Checking
BlueVine provides interest-bearing checking with expanded FDIC coverage through partner banks, serving businesses focused on banking operations and cash management.
General Working Capital
BlueVine offers revolving lines of credit providing flexible access to working capital through its underwriting and lending infrastructure.
European B2B Payments
Neither platform serves European markets. Businesses requiring EU/UK coverage should evaluate regionally focused alternatives.
Net Terms and Trade Credit
Resolve Pay provides Net 30/60/90 terms with non-recourse advances up to 100% of invoice value and automated credit decisioning as its core offering. BlueVine focuses on banking, lending, and payment tools rather than supplier-side trade credit financing.
Cash Flow Timing
Resolve Pay advances are paid within 1-2 business days regardless of buyer payment timing. BlueVine supports multiple methods for moving funds through its business checking platform.
Risk Protection
Resolve Pay's non-recourse model means Resolve Pay absorbs default risk on approved transactions. Traditional lines of credit require businesses to repay regardless of customer payment behavior.
Collections Management
Resolve Pay provides multi-channel automated collections with AI calling agents, intelligent escalation, and customer relationship preservation. BlueVine offers basic payment reminders through its invoicing capabilities.
Integration Depth
Resolve Pay integrates with ecommerce platforms including Shopify, BigCommerce, Magento, and WooCommerce, as well as accounting and ERP systems including NetSuite, QuickBooks Online, Xero, and Sage Intacct. BlueVine syncs with QuickBooks and Xero for accounting workflows.
Resolve Pay focuses on the United States with deep integration into American B2B commerce. BlueVine operates within the United States. Hokodo operated exclusively in Europe before its wind-down.
For US-based B2B suppliers, this geographic alignment matters significantly. European-focused platforms never addressed American market requirements including US payment rails, state-level regulations, and domestic ecommerce platform integrations.
Following Hokodo's exit from the market, Resolve Pay provides a purpose-built solution for US B2B suppliers needing:
Resolve Pay was founded as a spinout from Affirm with leadership from Affirm, PayPal, and Amazon. This consumer BNPL expertise translated to B2B commerce creates a platform built with deep understanding of credit risk, payment workflows, and scalable technology.
The company has raised approximately 60 million USD in funding and achieved recognition including the 2025 BigCommerce Innovative Integration Award for embedded net terms at checkout.
Resolve Pay is designed for B2B sellers that want to:
For US-based manufacturers, distributors, and wholesalers extending Net 30/60/90 payment terms to business customers, Resolve Pay addresses the complete credit-to-cash workflow while protecting working capital and eliminating manual AR processes.
Implementation timing depends on the selected integration, existing systems, and workflow requirements. Resolve Pay supports both out-of-the-box integrations and custom API implementations for various deployment scenarios.
For businesses that previously used Hokodo for European operations, transitioning requires:
Resolve Pay supports both standard integrations and custom API implementations:
Resolve Pay's non-recourse model means that when approved buyers default, Resolve Pay assumes the loss, not the seller. The seller receives their advance and is not responsible for repayment. Traditional lending products require businesses to repay borrowed funds regardless of whether customers pay their invoices, creating fundamentally different risk profiles for the two approaches.
Hokodo decided to wind down in late 2025 and later announced the closure of the business. The wind-down affects merchants across 10 European countries who must now transition to alternative providers. Since Hokodo operated exclusively in European markets, US-based suppliers were not directly impacted and can focus on domestically optimized platforms.
Resolve Pay's AI Credit Engine can provide instant decisions for qualifying transactions, while other credit assessments are typically completed within 24 business hours. This compares favorably to traditional trade credit processes that typically require multi-week timelines involving manual reviews and committee approvals, helping sales teams close deals faster.
Resolve Pay is currently focused on the US market with deep integration into American B2B commerce including US payment rails and domestic platforms. Businesses requiring European market coverage should evaluate platforms specifically designed for EU/UK operations, as no single platform currently provides comprehensive coverage across both markets.
Resolve Pay serves mid-market B2B sellers typically with around 1 million USD or more in annual revenue across manufacturing, wholesale distribution, and supply industries. The platform works best for businesses that sell to other businesses on payment terms and want to improve cash flow without taking on buyer credit risk.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.