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Consolidated Invoice

Consumers pay one combined invoice per payment period instead of per transaction.

Service Details
Geographic coverage DACH, Nordics, Netherlands
Consumer communication E-mail, app, web portal, phone, chat, chatbot, social
Customer self-service options App, web portal
Reliable merchant support merchant service desk, merchant portal, 24/7 monitoring service

Consumer Benefits

  1. Convenience: With Consolidated Invoice consumers can track and manage all their purchases in a single document, saving time and simplifying the payment process.

  2. Improved Organization: Consolidated Invoice helps consumers stay organized by providing a clear overview of their spending. They can easily track their purchases, review detailed information, and identify any discrepancies or errors. This makes it easy for consumers to manage their personal finances and budget effectively.

  3. Fewer Missed Payments: Consolidated Invoice helps avoid accidentally missing a payment (and late fees) by reducing the number of payments that need to be made and by invoicing customers in a predictable pattern.

  4. Reduced Notifications: Consolidated Invoice reduces annoying emails, text messages, and push notifications that consumers receive by consolidating them into one request of payment.

Consumer Experience Flow

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Consolidated Invoice is listed just like any other payment method allowed by the merchant. When the customer decides on Consolidated Invoice, the customer must simply agree to the general T&C for Consolidated Invoice and is asked to read the privacy policy. The customer then clicks ‘PAY BY MONTHLY INVOICE’ to complete the check-out process.

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Merchant Benefits

  1. Guaranteed Payment: Riverty pays merchants as preferred (per transaction or per payment period), regardless if the consumer pays Riverty.

  2. Clear Settlement: Instead of having to recieve payment from many customers, merchants receive payment from Riverty. Riverty in turn provides both Itemized Settelment Documents and Consolidated Settlement Documents.

  3. Increased Revenue: Consolidated Invoice makes purchasing easy and trackable, which customer loyalty, confidence, and share of wallet. The consumer simply orders what they need knowing payment is well structure later on. Why shop with anyone else?

Sequence Diagram

Visit our Documentation for additional details
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Get Started

Introduction to the Riverty Merchant Portal

Be sure to sign up for a Riverty Merchant Portal Account! Individual transactions are managed through the Merchant Portal, along with access to many other features like financial reports and branding.

The Merchant Portal Guide provides a full tour.