Corporate and B2B payment solutions allow you to offer your business and government clientele a variety of secure payment options when buying big-ticket items. With B2B credit card processing solutions, you can:
When choosing a merchant account provider for your B2B payment needs, ensure it offers the highest level of data security in the payments industry, including:
When you have confidence in your payment environment, your customers will, too.
The complexities of business-to-business payments are different from those of traditional consumer credit card processing. Level 2 and Level 3 processing require that B2B merchants include additional information on each transaction.
In addition, cardholders using Level 3 processing need detailed, line item data in their transaction reports and statements. In exchange for this more detailed information and the larger size of these business-to-business payments, the credit card companies charge lower interchange fees.
Acceptance of Level 2 and/or Level 3 payments reduces your fees and increases your profits. This capability allows you to expand your customer base to include companies that need Level 2 and Level 3 B2B credit card processing.
Integrating B2B credit card processing with your current accounting, ERP, or CRM software saves you time and reduces errors by simplifying reconciliation and eliminating redundant data entry.
To learn how business-to-business credit card processing solutions can help you increase sales, reduce costs, and eliminate fraud, contact our merchant services team today.
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