B2B Trade Credit for Wholesalers

B2B trade credit lets an approved business pay a wholesale invoice on an agreed future due date. With Horefood, selecting deferred payment records a preference: the applicable route, limit, due date and commercial conditions are confirmed in the quotation before the order becomes binding.

This page provides general commercial and tax information, not a guaranteed offer of credit or legal or tax advice. Approval and binding conditions are only those stated in the final quotation and related payment documents.

What is B2B trade credit?

B2B trade credit is an agreement that allows a business customer to pay a supplier after delivery or invoicing instead of paying the full order value in advance. The agreement sets a due date and gives the buyer a defined period to manage cash flow while the supplier retains a clear payment claim.

For EU commercial transactions, an agreed contractual deadline determines when a payment becomes late, subject to applicable law. The European Commission explains the general framework on its Your Europe late-payment page, supported by Directive 2011/7/EU.

At Horefood, selecting Trade Credit during checkout does not provide instant approval or finalise an order. Horefood first reviews the company, products, palletisation, freight, destination and requested payment route, then states the approved conditions in the quotation.

What is the difference between Horefood Trade Credit and PastPay?

Horefood Trade Credit is reviewed directly by Horefood, while PastPay is a separate B2B payment provider with its own assessment and conditions. The option shown at checkout is a request, not a promise that either route is available.

PastPay describes its service as a factoring-based B2B buy-now-pay-later solution. Its official FAQ states that buyer eligibility and the available limit are determined through its assessment process; the exact option available to a Horefood buyer must still be confirmed for that order.

How is deferred payment approved?

Deferred payment is approved for a specific registered business and may be reviewed again for a later order. The assessment can consider:

• The correct legal company name, billing address and delivery country.
• A valid VAT number where required; EU cross-border VAT registration can be checked through the European Commission’s VIES service.
• Order value, product mix, pallet configuration and freight.
• Account and payment history, where available.
• The commercial risk and current availability of the requested route.

An approval does not guarantee the same limit, due date or payment route on every future order.

What happens if deferred payment is not approved?

The order may still proceed by bank transfer or another payment method confirmed by Horefood. Requesting Trade Credit does not create an automatic charge or bind the buyer to the quotation.

How do you request B2B trade credit from Horefood?

A buyer requests B2B trade credit by providing complete company details and asking Horefood to review deferred payment for a specific order.

1. Complete your B2B account. Register your company with its legal name, VAT number, billing address and delivery country.
2. Build the wholesale order. Add the required products from the Horefood catalogue.
3. Select the payment preference. Choose Trade Credit during checkout or ask the Horefood team to assess deferred payment.
4. Complete the review. Horefood evaluates the internal route or explains the PastPay process when that option is available.
5. Review the quotation. Check the approved limit, due date, freight and delivery conditions before accepting the order.

Does trade credit change VAT on an EU wholesale order?

No: a later payment date does not by itself determine the VAT treatment of an EU wholesale order. VAT depends on the transaction, the parties’ status, the movement of the goods and the applicable national and EU rules.

For an intra-EU B2B order, Horefood checks the company and VAT details separately from the credit decision. VIES helps confirm whether a business is registered for cross-border VAT, while Directive 2006/112/EC provides the wider EU VAT framework. Buyers should obtain professional advice for their own reporting and invoice treatment.

How Horefood helps

Horefood gives professional buyers one review path from a mixed-order request to confirmed payment and delivery conditions. The catalogue contains more than 14,000 food, beverage and catering references that can be combined by box, layer or pallet for B2B delivery across Europe.

Horefood confirms availability, palletisation, freight and any approved credit terms before the order is finalised. If your order includes wine, beer or spirits, read How to Buy Wine & Alcohol from Horefood for the related purchasing and compliance steps.

Need a deferred-payment review? Open your B2B account · browse the catalogue · contact the Horefood team.

Sources

• PastPay — Frequently asked questions
• PastPay — B2B BNPL for merchants
• European Commission, Your Europe — Late payment
• EUR-Lex — Directive 2011/7/EU on late payment
• European Commission, Your Europe — VIES VAT number validation
• EUR-Lex — Directive 2006/112/EC on VAT