Accepting Riverty as a merchant

With pay after delivery, Riverty assumes the receivable and pays you while your customer settles later. You are buying credit risk transfer, working capital and a collections function. That is why the fee sits well above card acceptance, and why comparing it to a card rate is the wrong comparison. The right one is against your bad debt rate, your days sales outstanding and the cost of the collections process you would otherwise run.

The same trap applies here as with any deferred payment method. Some of the customers choosing it would have paid immediately by iDEAL or card, and every euro of that volume is revenue you already had, now carrying a higher fee. The method earns its cost on customers who would otherwise have abandoned. Measuring that split is the whole business case and almost nobody does it.

Directive (EU) 2023/2225, the second Consumer Credit Directive, repeals the 2008 directive with effect from 20 November 2026, and member states were required to transpose it by 20 November 2025. The headline changes are the same for every deferred payment method in your checkout. What differs is how hard each one is hit, and pay after delivery sits at the exposed end.

The reason is the shape of the product. Instalment credit on a 900-euro sofa is assessed once, on a customer who expects to be assessed and who is making a considered purchase. Pay after delivery is assessed on almost every order, at 60 or 80 euros, by a customer who experiences it as a checkbox rather than as a credit application. Apply a mandatory affordability assessment to that shape and the number of decisions scales with your order count, which means the number of declines does too.

So the exposure lands in your checkout rather than in your provider’s licence file. Two things follow from that. A cheaper immediate method has to be present and visible enough to catch a customer who is declined at the last step, because that decline is silent to you and terminal to the order. And your own product pages carry pay-later messaging that the stricter advertising rules reach, which makes it your copy and your exposure rather than your provider’s. Ask for a modelled acceptance rate after the change on your own customer profile, and ask what a declined customer is actually shown.

What you pay is set in your PSP contract, not by the scheme. Start by establishing whether you are overpaying your PSP, or run the payment set-up check on your own site, because this is the method where the distance between a negotiated rate and a standard one is widest.

The extra steps a pay-later method adds are where orders are lost, and that is a matter of checkout optimisation rather than of rate.

Relevant markets: Netherlands, Belgium, Germany, Nordics