Business to business payments are traditionally collected via check. First, you must send out an invoice, wait for that to come back with a check, and when you have enough checks, or whenever you make a regular check run, you have to make a trip to the bank to deposit the payments. In between these steps you probably generate enough paperwork to bury your secretary. The problem with traditional payment collections is that they take too much time, and if a check bounces then it can further cost you in time and funds. The future of payment processing truly lies…
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If you manage the financial accounts of a growing business, then you know that contemporary demands to complete a wider range of financial transactions, and to expand corporate interaction in general, are greater than ever before. That is why it is critical that businesses implement a credit card processing gateway that can accommodate business to business payments, also known as B2B transactions, as well as card processing online for individual consumer purchases. In order to do this effectively, it means partnering with payment processing companies that specialize in merchant accounts online and adhere to the Payment Card Industry requirements for…