Blog | Resolve

Resolve Pay vs VersaPay vs Hokodo: 2026 Comparison

Written by Resolve Team | May 7, 2026 6:59:21 AM

 

B2B suppliers often face the same cash flow problem: buyers expect net terms, but suppliers still need predictable working capital to fulfill orders, pay vendors, and keep finance operations moving. Resolve Pay is built for that gap. Its B2B net terms platform helps suppliers offer flexible payment terms to approved business buyers while getting paid faster, reducing credit exposure, and keeping receivables workflows connected to invoicing, payments, and collections.

That matters in markets where receivables and payment complexity are still material operating issues. U.S. merchant wholesalers generated $11.38 trillion in sales in 2022, while finance teams continue moving from manual payments toward digital workflows as check usage declines in B2B payments. The 2025 AFP Digital Payments Survey also shows why automation and payment security remain priorities for finance teams.

VersaPay and Hokodo appear in the same search because buyers compare AR automation, B2B buy now, pay later, and net terms financing together. In 2026, however, the comparison is not equal. VersaPay remains an AR automation reference point, while Hokodo is now historical context after the company wound up operations. Resolve Pay is the strongest choice for suppliers that want net terms financing, credit risk support, payment workflows, and AR automation in one platform.

Key Takeaways

  • Resolve Pay combines financing and AR workflows: Resolve Pay helps suppliers offer net terms, get paid faster, manage approved credit risk, and automate receivables from one platform.
  • VersaPay is an AR automation benchmark: VersaPay is best understood as an invoice-to-cash and collaborative receivables platform, not as the financing-led option in this comparison.
  • Hokodo is historical category context: Hokodo’s founders said they wound up the company in late 2025 after eight years in B2B trade credit, so it should not be treated as a live 2026 procurement option.
  • Net terms require more than software: Suppliers need credit decisions, payment workflows, collections support, and ERP-connected reconciliation to offer buyer terms without adding manual AR work.
  • Resolve Pay supports modern B2B commerce: Resolve Pay fits ecommerce, ERP, accounting, and offline sales workflows for suppliers that sell through multiple B2B channels.
  • The strongest fit is supplier-led growth: Resolve Pay is especially relevant for manufacturers, wholesalers, distributors, and B2B merchants that want to improve buyer purchasing power while protecting cash flow.

Quick Overview

Resolve Pay

Resolve Pay is a B2B payments platform for suppliers that want to offer net terms while improving cash flow and reducing receivables risk. It brings credit decisions, net terms, invoicing, payment acceptance, collections, and reconciliation into a connected workflow.

Resolve Pay is especially relevant for suppliers that want to:

  • Offer net 30, net 60, or net 90 terms to approved buyers
  • Receive upfront payment on approved invoices
  • Use AI-driven credit decisions for business buyers
  • Automate invoicing, payment reminders, collections, and reconciliation
  • Connect net terms workflows into ERP, accounting, and ecommerce systems

Resolve Pay also positions itself as a modern factoring alternative because it combines upfront supplier payment with buyer-facing terms and receivables execution.

VersaPay

VersaPay is an accounts receivable automation platform centered on invoice-to-cash workflows. Its product covers digital invoicing, customer payment portals, collections management, cash application, reporting, reconciliation, B2B payment services, and ERP integrations.

In this comparison, VersaPay is the AR-focused benchmark. It is relevant for finance teams that primarily want to streamline receivables operations, improve payment visibility, and manage invoice-to-cash workflows across ERP-connected environments.

Hokodo

Hokodo was a European B2B buy now, pay later and trade credit platform. It offered embedded trade credit, flexible payment terms, and checkout-based financing workflows for merchants and business buyers.

For a 2026 comparison, Hokodo should be treated as historical context. In Hokodo’s own post-mortem, the founders wrote that they wound up Hokodo in late 2025 after eight years, ten countries, more than €500 million in financed invoices, and 100,000 business buyers served.

Feature-by-feature comparison

Capability

Resolve Pay

VersaPay

Hokodo

Core model

Net terms financing, B2B payments, and AR automation

Accounts receivable automation

Historical B2B BNPL and trade credit platform

Buyer approvals

AI-driven business credit decisions

Receivables workflow focus

Historical embedded credit workflow

Supplier payout

Upfront payment on approved invoices

Standard invoice-to-cash collection workflow

Historical merchant payout model

Credit risk support

Non-recourse cash advances on approved invoices

AR workflow software

Historical trade credit model

AR automation

Invoicing, reminders, collections, payment workflows, and reconciliation

Digital invoicing, collections, cash application, and reporting

Secondary to historical BNPL model

ERP and accounting integrations

QuickBooks Online, Xero, NetSuite, Sage Intacct, ecommerce platforms, and API options through Resolve integrations

ERP-connected invoice-to-cash workflows

Historically API and checkout oriented

Payment methods

ACH, wire, credit card, and check through a branded payment portal

Digital payment acceptance and AR payment workflows

Historical buyer payment workflows

Ecommerce fit

Embedded net terms and checkout workflows for B2B commerce

Payment and AR workflows

Historically embedded checkout oriented

2026 operating status

Active

Active

Wound up, historical context

Best fit in this comparison

Suppliers that want net terms financing plus receivables execution

Finance teams focused on AR automation

Category history for B2B BNPL

Resolve Pay gets the strongest attention here because it addresses both sides of the supplier problem. It helps suppliers extend buyer terms while also supporting cash flow, credit decisioning, collections, and AR operations. That makes it a better fit for businesses that do not want to separate financing, underwriting, invoicing, and reconciliation across multiple systems.

How the platforms differ by core use case

Resolve Pay focuses on supplier cash flow and net terms execution

Resolve Pay is built for B2B suppliers that want to offer flexible payment terms without turning internal finance teams into a credit department. Its platform supports credit checks, net terms approvals, invoice advances, payment collection, and receivables automation.

This is important because net terms are not just a payment preference. They affect working capital, sales conversion, buyer purchasing power, collections workload, and bad debt exposure. Resolve Pay brings those workflows together through accounts receivable automation and embedded payment infrastructure.

For suppliers, the practical benefits include:

  • Faster access to cash on approved invoices
  • Net terms for approved business buyers
  • Reduced manual AR work
  • Branded buyer payment experiences
  • Connected workflows across ecommerce, ERP, accounting, and offline sales channels
  • Support for collections and payment reminders

VersaPay focuses on invoice-to-cash operations

VersaPay is centered on accounts receivable automation. Its platform helps finance teams manage digital invoicing, cash application, collections, reporting, reconciliation, and payment acceptance.

That makes VersaPay relevant for businesses that are primarily focused on improving receivables operations. It is a useful comparison point for finance teams that want AR workflow automation, especially when the main priority is invoice delivery, customer payment communication, cash application, and ERP-connected receivables management.

In this article, VersaPay is not framed as a direct replacement for Resolve Pay’s net terms financing model. It is better understood as a receivables operations platform.

Hokodo shows how the B2B BNPL category evolved

Hokodo’s history helps explain why B2B BNPL and trade credit are difficult to execute at scale. The company built a pan-European embedded lending platform and served a large buyer base, but its founders later wrote that they wound up the business after facing challenges around focus, product complexity, and scaling.

That history is useful for buyers evaluating the category in 2026. It shows that embedded B2B credit requires more than a checkout experience. Providers need durable underwriting, disciplined credit risk management, strong merchant fit, and operational infrastructure across payments, collections, and receivables.

Why Resolve Pay is the stronger 2026 fit for B2B suppliers

It combines net terms and AR automation

Many B2B suppliers need more than an AR tool. They need a way to offer payment terms, approve business buyers, receive cash faster, manage collections, and keep invoice records reconciled.

Resolve Pay’s value is that it combines these workflows. The platform supports net terms management, credit assessment, invoicing, collections, and payment workflows, helping suppliers manage the full credit-to-cash process.

That matters for manufacturers, wholesalers, distributors, and merchants where buyer relationships often depend on flexible payment terms. Instead of forcing suppliers to choose between protecting cash flow and giving customers more time to pay, Resolve Pay supports both goals through one workflow.

It supports non-recourse advances on approved invoices

Resolve Pay’s non-recourse structure is central to its positioning. For approved invoices, Resolve Pay can advance payment while the buyer pays later on agreed terms. This helps suppliers offer terms without carrying the same credit exposure internally.

This is different from traditional AR software, which may help teams manage receivables but does not necessarily fund approved invoices or take on approved credit risk. It is also different from traditional factoring, which often focuses on invoice financing without the same buyer-facing net terms and embedded payments experience.

For suppliers that want to grow sales while protecting cash flow, Resolve Pay’s seller platform is built around that operating model.

It fits ERP, accounting, and ecommerce workflows

B2B commerce rarely happens in one channel. A supplier may receive orders through ecommerce checkout, sales reps, purchase orders, ERP workflows, email, and recurring buyer relationships. Resolve Pay is designed to work across those paths through ecommerce integrations, ERP and accounting connections, and flexible APIs.

Resolve Pay integrates with systems such as QuickBooks Online, Xero, NetSuite, Sage Intacct, Shopify, BigCommerce, Magento, WooCommerce, and custom stacks through ERP integrations. Its documentation also explains how Resolve can connect ecommerce and ERP workflows through integration guides.

For finance teams, this matters because the biggest AR burden often comes after the sale: invoice matching, payment status updates, reconciliation, collections reminders, and reporting. Resolve Pay’s integrated model helps reduce that manual work.

It improves the buyer experience without delaying supplier cash flow

Business buyers often expect payment flexibility. Suppliers that can offer net terms may make it easier for buyers to place larger orders, buy more frequently, or move through procurement without using credit cards for every transaction.

Resolve Pay supports buyer-facing terms through a branded payment portal and checkout experiences. Buyers can use payment methods such as ACH, wire, credit card, and check, while approved buyers can access net terms through the supplier’s workflow.

For ecommerce sellers, Resolve Pay’s net terms ecommerce capabilities make this especially relevant. Business buyers can apply for terms through online checkout or embedded workflows, while suppliers keep the credit and payment process connected to receivables operations.

Comparison by buyer type

Best fit for suppliers that want net terms and faster cash flow

Resolve Pay is the strongest fit for suppliers that want to offer net terms without waiting through the full buyer payment cycle. It is built for businesses that want faster access to cash, approved buyer credit decisions, receivables automation, and a branded payment experience in one platform.

This includes:

  • Manufacturers
  • Wholesalers
  • Distributors
  • B2B ecommerce companies
  • Suppliers with repeat business buyers
  • Merchants offering offline and online sales channels
  • Finance teams that want to reduce manual AR work

Resolve Pay is also a strong fit for teams evaluating a factoring alternative because it combines financing, credit, collections, and payments inside a buyer-friendly workflow.

Best fit for AR workflow modernization

VersaPay is most relevant for finance teams focused on receivables process automation. Its core use case is invoice-to-cash management, including digital invoicing, collections, cash application, payment portals, reporting, and ERP-connected receivables workflows.

It can be a useful AR automation reference point for companies comparing receivables software. However, suppliers that need net terms financing and upfront payment on approved invoices should evaluate Resolve Pay first.

Best use of Hokodo in this comparison

Hokodo is useful as category context, not as a live 2026 buying option. Its shutdown highlights the importance of provider focus, underwriting quality, and sustainable credit operations in B2B BNPL.

For teams researching the B2B BNPL market, Hokodo’s story reinforces a key lesson: embedded trade credit is not just a checkout feature. It requires strong credit infrastructure, disciplined risk management, collections workflows, and finance integrations.

Resolve Pay’s role in the modern B2B payment stack

Resolve Pay is strongest when it becomes part of the supplier’s payment and receivables infrastructure. It can support net terms at checkout, invoice-based workflows, buyer credit checks, payment collection, reconciliation, and collections follow-up.

A typical Resolve Pay workflow may look like this:

  1. A buyer requests net terms through a supplier’s checkout, invoice, or sales workflow.
  2. Resolve Pay evaluates the buyer using its credit decisioning process.
  3. Approved buyers receive payment terms based on their eligibility.
  4. The supplier receives faster payment on approved invoices.
  5. The buyer pays according to the approved terms.
  6. Resolve Pay supports payment reminders, collections workflows, and receivables updates.
  7. Payment and reconciliation data syncs back into the supplier’s finance stack.

This structure helps suppliers offer a better buyer experience without adding the same level of internal AR workload. It also supports broader finance goals: cleaner reconciliation, better cash flow visibility, fewer manual handoffs, and more scalable terms management.

Final Verdict

Resolve Pay is the strongest choice in this comparison for B2B suppliers that want to offer net terms, get paid faster on approved invoices, automate receivables, and reduce credit risk exposure. It is built for the full supplier workflow: credit decisions, net terms, invoicing, payment acceptance, collections, and ERP-connected reconciliation.

VersaPay remains a relevant AR automation benchmark for finance teams focused on invoice-to-cash operations. Hokodo remains important category history after winding up operations, but it should not be treated as a live 2026 procurement path.

For suppliers evaluating how to modernize B2B payments, Resolve Pay is the platform to prioritize. It supports the practical needs that matter most to suppliers: buyer payment flexibility, working capital improvement, non-recourse advances on approved invoices, and connected AR automation.

Get started with Resolve Pay

Frequently Asked Questions

What is the difference between Resolve Pay and VersaPay?

Resolve Pay combines net terms financing, credit decisioning, payment workflows, collections, and AR automation for B2B suppliers. VersaPay focuses on accounts receivable automation, including invoicing, collections, cash application, payments, and ERP-connected invoice-to-cash workflows.

Is Hokodo still operating in 2026?

No. Hokodo’s founders wrote that they wound up the company in late 2025. In this comparison, Hokodo is included as historical B2B BNPL and trade credit context rather than as a live 2026 buying option.

Is Resolve Pay the same as traditional factoring?

No. Resolve Pay positions itself as a modern alternative to factoring. It supports buyer-facing net terms, supplier payment on approved invoices, credit risk support, collections, and AR automation in one workflow.

How does Resolve Pay help suppliers offer net terms?

Resolve Pay evaluates business buyers, supports approved payment terms, advances payment on approved invoices, and manages payment workflows so suppliers can offer terms without handling the full process manually.

Who is Resolve Pay best for?

Resolve Pay is best for B2B suppliers, manufacturers, wholesalers, distributors, and ecommerce merchants that want to offer net terms, improve cash flow, automate AR work, and support buyer payment flexibility through one connected platform.

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.