How B2B Payments Enhance the e-Commerce Industry
Embrace digital payment methods to meet others' needs
In today’s B2B e-Commerce marketplace, buyers want a B2C purchasing experience. Which means that B2B suppliers are increasingly embracing digital payment methods (from e-catalogs to online checkout) to meet these needs.
Corporate buyers expect to purchase against an account for larger transactions. This requires additional work, like purchase orders, negotiated payment terms, and invoicing. Paper checks are still the preferred method to pay these high-volume invoices but the shift to virtual corporate cards is quickly emerging.
Unlike regular credit cards, corporate cards are good for one-time use with an assigned specific amount that makes them more secure.
Please select this link to read the complete blog post from OSAP Member i3 Merchant Solutions (formerly Infintech).