Success Story

"Recent studies suggest that the use of credit cards as a method of ordering online is still met with resistance from a large number of customers. We at Blacksocks realized at an early stage that offering online deferred billing is a key factor of success for our online store. This is why we have been offering this service to our customers since it was launched. Thanks to the highly automated and very reliable credit screening solutions offered by CRIF in real time at the moment of purchase, we’re in a much better position to avoid losses from debtors."

"One of the key factors that differentiates the Competec Group is the ability of its customers to order on account. In this way, we can offer our IT and EU online customer base a convenient and almost unique service. In order to offer this service we rely on internal credit scoring and data supplied by CRIF."

"The goal of offering deferred billing combined with automated, international credit screening has been realized thanks to the incorporation of CRIF’s information platform."

As an innovative and up-and-coming trader for spirits in the Swiss market, we have been counting on the credit rating of CRIF AG, which is automatically integrated into the order process, for some time now. By adding the payment method "purchase on account" in 2017, we were able to increase our sales significantly from one day to the next. Nowadays about 85% of all orders are made on account.

"As a leading online wine store we rely on the automated credit scoring solutions offered by CRIF, which are directly integrated into our sales process. By offering deferred billing to our customers since the end of 2008, we have been able to sharply increase our sales. Today, up to 80% of our sales are carried out through deferred billing. The quality of the data provided is important to us and keeps losses from debtors low. Additionally, CRIF offers flexibility and expert knowledge."

In this instance, we were impressed by CRIF because they were not only able to offer us an excellent technical solution, but also able to immediately place a complete team of experts at our disposal to carry out the fraud detection activity itself.