TreviPay vs Hokodo

When B2B suppliers evaluate payment platforms for offering net terms while protecting cash flow, the market now looks different. Hokodo, a European B2B buy now, pay later provider, stopped accepting new business in November 2025 and entered a managed wind-down, making a traditional TreviPay vs Hokodo comparison less relevant for companies choosing an active provider today. TreviPay continues to serve enterprise payment programs, while North American manufacturers, distributors, wholesalers, and other B2B sellers can use Resolve Pay’s net terms financing platform to combine buyer credit decisions, invoice advances, payment workflows, and accounts receivable automation in one system.

Key Takeaways

• Hokodo is no longer an active option: The European B2B BNPL provider stopped taking new business in November 2025 and began winding down its operations.
• TreviPay primarily serves enterprise programs: Its model is designed for organizations managing complex, large-scale, and international B2B payment programs.
• Resolve Pay supports North American sellers: The platform is built for B2B merchants that want to offer flexible payment terms without waiting for buyers to pay.
• Approved invoices can receive advance payments: Resolve Pay may advance up to 100% of eligible invoice value, depending on underwriting and buyer verification.
• Non-recourse advances reduce seller risk: Funds advanced on approved invoices remain with the seller even if the approved buyer later defaults.
• AR workflows are managed in one platform: Resolve Pay supports credit decisions, invoicing, payment collection, reconciliation, reminders, and collections.
• Integrations connect existing systems: Supported platforms include QuickBooks Online, Xero, Oracle NetSuite, Sage Intacct, Shopify, BigCommerce, Magento 2, and WooCommerce.

Understanding the Post-Hokodo B2B Payments Market

Hokodo was founded in 2018 and operated as a European B2B BNPL and trade credit provider. During its eight years of operation, the company financed more than USD 509 million in invoices across 10 countries.

In November 2025, Hokodo stopped accepting new business and began winding down. Its closure means businesses evaluating B2B payment providers should now focus on active platforms that match their geographic reach, transaction model, technical requirements, and receivables strategy.

TreviPay remains active and operates primarily in the enterprise segment. It supports large organizations that need managed trade credit, international payment programs, multi-currency capabilities, and order-to-cash infrastructure across multiple markets.

Resolve Pay addresses a different segment. It is a B2B payments and net terms platform designed for merchants that want to improve customer buying power, receive payment faster, and reduce the operational burden of managing trade credit. Its capabilities combine business credit checks, invoice advances, payment acceptance, accounts receivable automation, and collections workflows.

What Hokodo’s Shutdown Means for Sellers

Hokodo’s wind-down illustrates why platform continuity and market fit matter when selecting a long-term payment partner. A net terms provider may become embedded in credit policies, checkout flows, invoicing procedures, customer communications, and accounting processes.

Replacing that provider can require a business to:

• Reassess existing buyer credit limits
• Transfer outstanding invoice workflows
• Update checkout and payment experiences
• Reconfigure accounting or ERP connections
• Establish new reminder and collections procedures
• Communicate changes to customers and finance teams

Resolve Pay gives North American B2B sellers a focused platform for managing these functions without assembling separate tools for underwriting, financing, payments, and receivables.

How Resolve Pay Supports Cash Flow

Offering net terms can help buyers place orders without paying the full invoice immediately. However, the seller normally carries the receivable until the due date, which can restrict the cash available for inventory, payroll, supplier payments, and operating expenses.

Resolve Pay addresses this gap through B2B payment workflows that allow eligible sellers to receive advance payments on approved invoices while their buyers pay according to agreed terms.

Resolve Pay’s Cash Flow Model

Resolve Pay’s platform can support sellers by:

• Underwriting business buyers before terms are extended
• Establishing buyer-specific credit decisions
• Advancing up to 100% on eligible approved invoices
• Sending funds within approximately one to two business days
• Supporting Net 30, Net 45, Net 60, Net 90, or approved custom terms
• Managing reminders, payments, and collections
• Synchronizing transaction records with connected systems

Advance percentages are not guaranteed. They depend on the buyer, invoice, underwriting results, verification requirements, and Resolve Pay’s approval.

This structure can help a seller separate the customer’s payment schedule from its own cash flow needs. Buyers receive more time to pay, while sellers can access funds earlier on approved transactions.

Non-Recourse Net Terms Financing

The risk allocation behind an invoice advance is as important as the funding speed. Under a recourse arrangement, a seller may need to repay the financing provider if the buyer does not pay. Non-recourse financing shifts the approved buyer’s default risk away from the seller, subject to the terms of the agreement.

Resolve Pay describes its invoice advances as non-recourse. Once Resolve Pay approves the buyer and advances funds on an eligible invoice, the advanced amount remains with the seller if that buyer later defaults.

How the Non-Recourse Structure Works

A typical Resolve Pay transaction follows this process:

1. The seller submits a buyer for a credit assessment.
2. Resolve Pay evaluates the buyer using financial, behavioral, and business data.
3. An approved buyer receives an assigned credit line or transaction decision.
4. The seller completes the order and submits the eligible invoice.
5. Resolve Pay advances the approved portion of the invoice.
6. The buyer pays through the agreed payment workflow.
7. Resolve Pay manages payment reminders and collections when required.

The seller must still follow the program’s eligibility, documentation, delivery, dispute, and fraud requirements. Non-recourse protection applies to approved credit risk, not necessarily to commercial disputes, fraud, invalid invoices, or failures to fulfill the underlying order.

Businesses can learn more about this model through Resolve Pay’s guide to a factoring alternative.

Credit Decisions Built for B2B Transactions

Credit decisions determine which buyers qualify for payment terms and how much credit they may receive. Manual underwriting often requires credit applications, trade references, financial documents, emails, spreadsheets, and repeated follow-up.

Resolve Pay combines AI-supported models with credit expertise to assess business buyers. Its credit decisioning platform can evaluate financial information, behavioral indicators, payment history, and other business data.

Resolve Pay Credit Capabilities

The platform supports:

• Quiet pre-approval checks using a business name and address
• Buyer credit decisions without lengthy paper applications
• Instant decisions for some eligible transactions
• More detailed reviews when additional information is required
• Buyer-specific credit recommendations
• Credit line adjustments based on updated information
• Ongoing portfolio and accounts receivable visibility

Some credit assessments may be returned quickly, while others may require up to 24 business hours or additional verification. Approval timing, credit limits, and advance eligibility vary by buyer.

Resolve Pay’s approach helps sellers move credit decisions into a repeatable workflow instead of relying exclusively on manual reviews.

Integrated Invoice and Net Terms Management

Traditional invoice financing is often applied after a seller has already issued an invoice. An integrated net terms platform begins earlier by connecting buyer credit approval, order processing, invoicing, advance payments, payment acceptance, and collections.

Resolve Pay brings these processes together through its net terms management capabilities.

Advantages of an Integrated Workflow

A unified system can help sellers:

• Apply credit policies consistently
• Reduce duplicate customer data entry
• Connect approved credit to specific transactions
• Track invoice status from issuance through payment
• Reconcile payments against original invoices
• Maintain a branded buyer experience
• Review credit exposure and receivables in one dashboard

This is particularly valuable for manufacturers, distributors, and wholesalers that accept orders through several channels. A company may process ecommerce orders, direct sales, phone orders, purchase orders, and field-sales transactions, all of which can feed into the same receivables operation.

Resolve Pay supports online, offline, sales-led, and hybrid B2B transactions rather than limiting net terms to a single checkout channel.

Accounts Receivable Automation

Credit approval is only one part of managing B2B payment terms. Finance teams must also generate invoices, send reminders, answer buyer questions, record payments, reconcile transactions, track aging balances, and escalate overdue accounts.

Resolve Pay’s accounts receivable automation helps centralize and automate these processes.

AR Automation Features

Resolve Pay supports:

• Invoice creation and receivables workflows
• Automated invoice delivery and reminders
• Payment status tracking
• Payment-to-invoice matching
• Bookkeeping and reconciliation workflows
• Aging and portfolio visibility
• Collections activity tracking
• Management of net terms, COD, and due-upon-receipt invoices

The platform can also synchronize transaction information with supported accounting and ERP systems. This helps finance teams avoid manually re-entering the same payment and invoice data across separate applications.

Resolve Pay reports that some customers have substantially reduced the time spent on accounts receivable administration. Actual results depend on transaction volume, existing processes, integration scope, and the amount of work automated.

ERP, Accounting, and Ecommerce Integrations

A payment platform creates more value when it works with the seller’s existing technology stack. Resolve Pay offers built-in connections and API-based options for accounting, ERP, and ecommerce systems.

Its integration platform supports:

• QuickBooks Online
• Xero
• Sage Intacct
• Oracle NetSuite
• Shopify
• BigCommerce
• Magento 2
• WooCommerce
• Custom ERP, order management, and ecommerce systems through API connections

Resolve Pay’s integration documentation explains how invoice records and ecommerce transactions can move through connected workflows. Integration behavior can vary by platform. For example, the documentation notes that some WooCommerce refund and cancellation actions may require separate handling rather than automatic synchronization.

NetSuite Workflows

For Oracle NetSuite users, Resolve Pay can support customer and invoice synchronization, payment workflows, reconciliation, and approved invoice advances. Implementation requirements depend on the seller’s NetSuite configuration, record structure, permissions, and ecommerce environment.

Businesses considering this setup can review Resolve Pay’s NetSuite integration guide.

Branded B2B Payment Experiences

B2B buyers may prefer different payment methods depending on their internal controls, transaction size, and accounting process. Resolve Pay’s branded payment portal supports several common payment methods while allowing the seller to maintain its customer-facing identity.

Supported methods include:

• ACH
• Wire transfer
• Credit card
• Check

The portal can provide buyers with invoice visibility, payment instructions, and self-service options. Because the experience can be branded for the merchant, buyers continue interacting with the seller’s business rather than being redirected into an unrelated consumer financing experience.

Resolve Pay also states that it is SOC 2 Type II attested, with security controls covering access management, encryption, monitoring, incident response, business continuity, and vulnerability management.

Automated Collections and Customer Communication

Collections can affect both cash flow and customer relationships. Generic reminders may be ignored, while overly aggressive outreach can create unnecessary friction with otherwise valuable buyers.

Resolve Pay’s agentic collections platform automates outreach and escalation based on invoice status and buyer activity.

Collections Workflow Capabilities

Resolve Pay can support:

• Automated payment reminders
• Email-based outreach
• SMS communications
• Voice-based collections workflows
• Configurable escalation timing
• Automatic pauses after payment
• Dispute-aware workflows
• Centralized activity records

These workflows help standardize follow-up while allowing finance teams to focus on exceptions that require human review. Automated collections do not eliminate the need for oversight, but they can reduce repetitive administrative work and improve consistency.

Customer Outcomes with Resolve Pay

Resolve Pay publishes customer stories covering manufacturers, distributors, suppliers, and resellers that have used the platform to expand net terms programs or improve receivables operations.

Archipelago Lighting reported that it tripled revenue after replacing a slow manual credit process with a more scalable net terms workflow.

ConEquip reported 30% year-over-year growth while expanding its use of net terms and strengthening customer relationships.

Resolve Pay also documents customer experiences involving higher purchasing capacity, faster credit decisions, reduced accounts receivable work, and improved access to working capital. These are individual case studies rather than guaranteed results, and outcomes will vary based on each seller’s market, customers, transaction volume, credit profile, and implementation.

Why Resolve Pay Fits North American B2B Suppliers

TreviPay remains relevant for large organizations requiring global enterprise payment infrastructure. Hokodo is no longer taking new business and has entered a wind-down. Resolve Pay is positioned for North American B2B sellers that need a more focused combination of trade credit, invoice advances, receivables automation, and payment operations.

Resolve Pay may be especially relevant for:

• Manufacturers extending terms to dealers or distributors
• Wholesalers managing repeat business buyers
• Industrial suppliers processing purchase orders
• Construction material and equipment distributors
• HVAC, plumbing, and electrical suppliers
• Medical equipment and business-product sellers
• Ecommerce merchants with B2B checkout requirements
• Companies generating at least USD 1 million in annual B2B revenue

The platform enables these sellers to offer qualified buyers more time to pay while receiving advance funding on approved invoices. It also provides the credit, payment, reconciliation, and collections infrastructure required to operate a structured net terms program.

Why Resolve Pay Is the Stronger Choice

The most important question is not whether TreviPay or the former Hokodo platform had useful capabilities. It is whether an active solution matches the seller’s current market, operating model, cash flow priorities, and technical environment.

Resolve Pay provides North American B2B merchants with:

• AI-supported business credit decisions
• Non-recourse advances on approved invoices
• Up to 100% advance eligibility
• Flexible net payment terms
• Automated accounts receivable workflows
• Branded buyer payment experiences
• Integrated reminders and collections
• ERP, accounting, and ecommerce connections
• API support for custom implementations
• Competitive pricing based on program requirements

For manufacturers, distributors, wholesalers, and other B2B sellers, Resolve Pay offers a practical way to increase buyer purchasing power while reducing the cash flow delay and administrative work associated with traditional trade credit. Its combination of net terms, credit expertise, payments, financing, and AR automation makes it the stronger Resolve Pay-focused option for businesses seeking an active platform built around North American B2B commerce.

Frequently Asked Questions

What Happened to Hokodo?

Hokodo stopped accepting new business in November 2025 and began winding down after eight years in the European B2B BNPL market. The company had financed more than USD 509 million in invoices across 10 countries. Businesses seeking a new platform must transition their credit, payment, invoicing, and collections workflows to another active provider.

How Does Resolve Pay’s Non-Recourse Financing Work?

Resolve Pay evaluates the buyer and approves eligible invoices before advancing funds. When an advance qualifies as non-recourse, the seller keeps the advanced amount if the approved buyer later defaults. Program requirements still apply, and non-recourse protection does not necessarily cover fraud, commercial disputes, invalid invoices, or seller nonperformance.

How Quickly Can Resolve Pay Fund an Approved Invoice?

Resolve Pay may send advance payments within approximately one to two business days after an eligible invoice is approved. Funding timing depends on underwriting, verification, invoice eligibility, banking processes, and the seller’s account setup.

Which Systems Integrate with Resolve Pay?

Resolve Pay supports QuickBooks Online, Xero, Sage Intacct, Oracle NetSuite, Shopify, BigCommerce, Magento 2, and WooCommerce. It also provides API options for custom ERP, order management, accounting, and ecommerce environments. Exact synchronization behavior depends on the connected platform and implementation.

Who Is Resolve Pay Designed For?

Resolve Pay is designed primarily for B2B merchants, manufacturers, wholesalers, distributors, and resellers that want to offer payment terms while improving cash flow and reducing credit risk. The platform generally focuses on sellers with at least USD 1 million in annual B2B revenue.

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.