While credit cards are an increasingly popular option for B2B clients, there are still those who prefer to pay via ACH check. To get the most out of B2B payment processing, be sure to find a processor that allows you to accept ACH payments as well as credit and debit cards.
B2B companies take data security very seriously—and for good reason. A breach could prove disastrous for both your B2B company and your clients. You could lose hundreds of thousands of dollars in damages as well as the trust and respect of your customers. Your reputation would be tainted and customers would be unlikely to trust your company with their sensitive information again.
So how do you avoid such a catastrophe? The key is to invest in multiple data security techniques to fully protect your customers from hackers.
The B2B payment processing solution you choose should be PCI compliant and adhere to rigorous security standards. The processor should employ several different methods of data security, such as encryption and tokenization, cloud storage, and off-site data vaults. If possible, look for processors with 24/7 support who can help you in the event of any problems.
Clients don’t always pay on time. Late or open invoices can pile up and cause cash flow problems for B2B businesses. Not to mention the money invested on teams working to collect payments.
What if your payment processing gave you a way to manage all those late invoices and get paid faster?
EBizCharge Connect is an online invoicing portal where customers can securely log in and pay off their invoices. The portal syncs with your accounting system (Microsoft Dynamics GP, SAP Business One, and QuickBooks) and automatically posts payments to accounts receivable (AR) and the general ledger (GL.)
Customers can access the portal from any device and even pay on the go. You can brand the portal with your own logos and colors for a seamless payment experience. And to make payments even easier, you can send out automated email reminders to your customers so they remember to pay.
Your payment processor should make accepting payments easy and painless. When looking for superior credit card processing services, keep these key features in mind to get the most out of B2B payment processing.