Deferred payment option

We’re excited to announce that we have partnered with Hokodo to bring you a safe and convenient way to pay for your business purchases.

Hokodo is a digital payments provider that allows businesses to access 30 day payment terms at checkout, with no fees or interest to you or your business. 

This payment option is subject to eligibility, if you wish to look into using this option please let us know prior to booking so we can see if you are approved for this option. We will do a search of your company via Hokodo, and this will advise whether you are eligible for this option and if you are how much credit you have to use.  

Choosing to pay with Hokodo brings you four key benefits:

Quick and easy to use: You can access payment terms instantly, and get what you need for your business in just a few clicks.

Manage your cash flow: Cash flow constraints can cause operational problems and hold back your businesses’ growth. Delaying payment can help you to get what you need, when you need it, and focus on growing your business.

No impact on your credit score: Hokodo runs soft credit checks that do not affect your credit rating nor the credit rating of your business.

            No hidden fees: When you choose to delay your payment with Hokodo, there are no hidden fees or extra                 costs. You’ll get a tailored credit limit and payment plan based on your business type and financial history.

FAQ's 

What is Hokodo?

Hokodo is a digital payments company and Europe’s leading provider of Buy Now, Pay Later solutions for B2B e-commerce. By partnering with Hokodo, we are able to offer payment terms while protecting all parties from risk.

How long will I have to wait for approval?

Most of the time, Hokodo can approve your business for payment terms in less than a second. Occasionally, when a manual review is required, it can take longer.

How do you determine my credit limit and payment terms?

We use your company number to conduct a credit and fraud risk assessment. This does not impact your credit score.

Does Hokodo affect my credit score?

Our credit and fraud checks do not impact your credit score. If your invoices are paid on time, your credit score will not be affected.

How can I pay for my order?

You can pay for your purchase using your usual method, such as direct debit, bank transfer & credit card.

Will I receive a reminder email when my payment is due?

Yes, you will receive a reminder email 5/7 days before your payment due date.

Can I settle my outstanding payment earlier than the date set out in my payment terms?

Yes, you can settle your payments early by card or bank transfer. Contact support@hokodo.co and our customer support associate will provide you with the details you need to do this.

What happens if I don’t pay my invoices in time?

Once your invoice is past its due date, Hokodo will begin the dunning process. They will attempt to contact you by email and telephone. If necessary, a collections agency will become involved.

Which countries can Hokodo’s payment plans be accessed in?

Currently, Hokodo’s payment plans can be accessed by buyers in the UK, France, Belgium, the Netherlands, Germany, Italy and Spain.

Can I pay in instalments?

Currently, Hokodo does not offer instalment payment plans.

Can I place an order using BNPL one day, and then place another BNPL order a few days later?

You can place as many orders as you like using our solution, provided you do not exceed the credit limit of your account and keep up with any due payments. If you go over your credit limit then any invoices/bookings you put through will automatically move back to the payment terms - pay upfront. 

Can I still access Hokodo’s solution if I am behind on my payments?

No. We will not allow customers with unpaid invoices to place any new orders until their debt has been cleared.

Why am I not currently eligible for Hokodo’s BNPL solution and how can I become eligible?

Your eligibility depends on several factors that revolve around your business's credit worthiness and purchasing behaviour. Hokodo analyses your company, transactions and payment history in order to determine eligibility, and unfortunately if certain criteria are not met, we cannot offer you BNPL.

How is my credit limit affected if I use Hokodo across several different merchant websites?
It makes sense to think of your credit limit as one Hokodo credit limit, rather than individual credit limits per merchant website. This means that your available credit limit is affected if you use us as a payment option across several different merchant websites, and each purchase you make (regardless of which website you’re purchasing on) will mean your Hokodo credit limit is being tapped into.