Before a credit check is integrated, a strategy should first be specified as to whose credit standing is even to be checked. Would you prefer to check only new customers, customers with conspicuous shopping baskets or rather everyone?
Negative characteristics are used as standard when performing a credit check. Dunning notices, collections characteristics, entries in the debtor register and much more can all be taken into account. We draw on our data records with over 5 million negative characteristics here.
For even more precise predictions, we also draw on the 44 million data records of our partner Bürgel Wirtschafsinformationen GmbH. Within the scope of our Verify&Pay risk assessment, we use the data pool of our premium partner Schufa Holding AG. Your own positive and negative lists can of course also be integrated into your credit checks.
If negative characteristics are evident when checking the payment history of your customer, you receive detailed recommendations. You can then reach an individual decision as to whether you wish to conclude the transaction or not.
If the result of the credit check is positive, you can offer your customer the popular, yet also risky payment methods of purchase on account and in instalments, as well as SEPA Direct Debit. However, should your customer have a poor credit rating, you can specify that you will only accept secure payment types such as prepayment or payment by credit card. This allows you to make optimum use of existing revenue potential, while at the same time controlling your financial risk.