In the Netherlands, instant transfers are effectively monopolized by iDEAL, which accounts for about 70% of e-commerce, but because credit card adoption is low, the practice of pay-later invoicing—'receive the goods, pay later'—has filled that gap. Riverty (formerly AfterPay) is a brand that grew directly out of this Dutch pay-later culture, and its strength is that it is a name local consumers already know well.

For Korean merchants in fashion commerce, where multiple sizes and colors are ordered with returns expected, or in everyday goods categories with frequent small repeat purchases, placing Riverty alongside iDEAL is worth considering. Where Europe's largest BNPL, Klarna, centers on installments and its app ecosystem, Riverty's distinction is its focus on pay-later invoicing.

When a consumer selects Riverty pay-later, the goods are shipped first after a real-time review, and the consumer pays within the deadline stated on the invoice. Separately from the consumer's repayment, the merchant's share of the funds is received by Hecto Financial in euros (EUR), converted, and settled to the Korean merchant in the contracted currency—USD, KRW, or JPY. On returns, the invoice is reduced or canceled accordingly.

Through Hecto Financial, a Korea-based company can consider adopting Riverty without a local contract in the Netherlands. Because the quality of return and partial-cancellation API integration is central to operating a pay-later invoice method smoothly, confirm the technical integration approach along with the scope of support.

• Country of business registration

  Confirm contract eligibility as a Korea-based business

• Sales channels

  The integration approach and priority vary depending on your online sales channel mix—owned storefront, open marketplaces, mobile apps, etc.

• Product categories handled

  You must confirm in advance whether your business falls under a restricted category under Riverty's merchant policies

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Riverty transaction funds are denominated in euros (EUR); Hecto Financial handles receipt and conversion, then pays the Korean merchant in the contracted currency—USD, KRW, or JPY. Because a pay-later invoice's due date often overlaps with the EU's 14-day withdrawal period, it is important to have an operating process that quickly communicates when a return has been processed, so that invoice reminders are not sent before the return is confirmed.

• De Nederlandsche Bank (Dutch Central Bank)Official information on the Dutch payment system and regulatory oversight. If actual regulations differ from the content on this page, the official source takes precedence.