The payment application and platform created by B2B real-time payments company, Traxpay, has been selected by Resposten and Debitos digital marketplaces to streamline the electronic commerce and data exchange process through instant payment processing, settlement, and reconciliation.

Restposten, a German B2B Internet marketplace for wholesale, overstocks and consumer goods, will utilise Traxpay’s platform to allow its users to perform transactions amongst each other on its website.

Debitos, an auction-based online platform that allows companies to actively trade their accounts receivable, will use Traxpay’s service to enable the immediate payment between companies trading receivables payable in the future, trading of bad accounts receivable as well as non-performing loans.