Understanding the Different Types of B2B Payment Solutions and Which is Right for You
Keeping smooth B2B payment is one of the most important things in your business strategy. B2B payments have to be made in time for you to be able to conduct business smoothly. There is also security involved because payment solutions provide anti-fraud solutions. You also need to protect your customers by authorizing payments.
There are different B2B payment solutions on the market today. You will have to decide what is best for your company, depending on your business model. Read on to get to know each type so you can start choosing.
E-Checks
E-checks, also known as ACH payments, are electronic transactions that allow businesses to transfer funds from one bank account to another. This method is ideal for recurring payments and can be set up on a schedule. This reduces the need for ma...