No matter the model, no matter the size, to run a business, you have to accept payments through multiple methods. What originally started as “cash or check,” evolved to add real-time credit card transactions, either in person or online.
But now, especially for B2B companies, payments have further evolved into more complex processes that can involve additional digital options beyond credit cards (such as ACH) and that are processed via a variety of channels (like ERPs, mobile apps, and more).
In our latest session from the PayTrace Studios, we discuss the evolution of payment systems in the B2B space, including:
B2B Complexity vs. Consumer Experience: Consumers expect a seamless and transparent purchase experience, but B2B payments involve greater complexity due to invoice details, reconciliation, and disparate business systems.
Selecting the Right Payments Partner: A successful payment provider should act as a trusted consultant, identifying and prioritizing a business's specific challenges rather than simply offering the lowest rates.
You can check out the discussion in the video below.
For more information on B2B payments or to get started, connect with one of our B2B payment experts today.
The B2B payment experts, PayTrace specializes in accounts receivable automation and credit card processing, making accepting secure payments affordable and easy. With solutions for ACH, interchange optimization, surcharging, and more, the PayTrace platform is built on the solid foundation of a B2B payment gateway that’s trusted by 40,000 merchant businesses.