Easy to Get Started with No Upfront Costs: We Can Have You Processing Level 3 in 2 Days
It is easy to get started saving time and money with B2B Merchant Processing with no application, start up or annual fees. Our expert Payment Consultants will ask in-depth questions about your business, helping you choose the best solution for your particular needs.
- First, we study workflow to help you explore alternatives (beyond early pay discounts) for shortening days sales outstanding (DSO)
- Next, we will perform a statement analysis of your current merchant processor relationship to see what you are currently paying and show you a side-by-side comparison of what Interchange rates are available for the transactions you are currently processing, which will show you the savings available when you are set up with the proper classification and using one of B2B Merchant Processing state of the art processing solutions.
- We will follow-up by looking at your transactions to see that you are receiving the lowest rates possible for B2B and B2G transactions. Whether you sale in-person, by phone or over the Internet, we keep up with changing Industry Trends and determine how any changes might impact you.
- B2B Merchant Processing involves all necessary departments in education and training to maximize the benefits of card acceptance using the Virtual Terminal Technology and/or other integrated solutions available. Our easy-to-use solutions will be quickly grasped by your team and 24/7 help is available by phone or email.
Why Your Customers Want to Pay with a Credit Card
Ease – for customers, card payments mean faster procurement of goods/services and elimination of tedious and costly processes like invoice processing, check creation, mailing and postage. This means an efficient purchase-to-pay (P2P) process that delivers cost savings.
Staffing – the streamlined P2P process eliminates the need for the procurement and accounts payable departments to be involved with every purchase. These staff hours can be reduced or redirected to value-added activities.
Rebate – Customers are also motivated to pay via card to increase the potential for rebate from their card issuer. Industry trends indicate that many customers are willing to forego early payment discounts for card acceptance. Capture this in your payment terms.
Data – B2B card payments can offer easy access to transaction data that supports auditing efforts, cardholder reconciliation of transactions, and proper accounting treatment. Such data also provides insight that helps with strategic sourcing/contract pricing.
Float – Your customers receive monthly statements that aggregate purchases over the billing cycle. Making one monthly payment to their issuer can give your customers cash float, extending their days payable outstanding (DPO) to help them manage working capital.
Customers Will Have Questions About Credit Card Payment:
You Will Have The Answers
The benefits of credit card acceptance are optimized when merchants and customers communicate and work together to re-engineer purchase-to-pay processes. By documenting expectations and payment terms, both parties can better manage cash flow, cost savings, and day-to-day tasks.
Q. Why is it so hard to connect with the right person at the merchant location?
A. Communicate roles at your company: Ensure the sales team, order processing and accounting personnel can quickly refer customers to the primary team member(s) trained to manage card acceptance and resolve any issues with card payments or credits.
Q. Why do I have to pay a surcharge for using my commercial card?
A. You must Quantify the Benefits of Credit Card Acceptance: Imposing a surcharge to offset other fees can backfire, sending customers to your competitors. B2B Merchant Processing’s consultants can help you maximize cost savings efficiencies in card payments. Research shows that the benefits of card acceptance can outweigh the fees.
Q. Why aren’t the merchants passing the meaningful transaction data I need for reporting and reconciliation?
A. Work with B2B Merchant Processing to Pass Level 3 Data: Our consultants can address the “win-win” of passing secure, enhanced data, cost savings for you and spend transparency for your customers. B2B Merchant Processing solutions ensure the data you pass is accurate and reflective of the line item detail in the order.
Q. Why do some merchants delay processing transactions, including credits to my Commercial Card account?
A. Commit to Timely Processing: The merchant/customer relationship works best when contact terms specify that (1) customers provide current card account information at the time of the order, (2) merchants process transactions when the order is filled, and (3) merchants promptly notify customers of any issues.
Q. How can I decrease my risk of duplicate payment when charging my card and also receiving an invoice?
A. Eliminate Redundant Documentation: With card payments, you can take a fresh look at documentation requirements, saving steps and costs. Reduce the risk of duplicate payment (and unnecessary credits) when you provide a priced packing list, for example, upon order delivery vs. an invoice.