B2B credit card processing is used for businesses who sell items or services directly to other businesses. B2B transactions are different from B2C (business to consumer) purchases because it involves higher transaction amounts, more consistent payments such as subscription billing, and often ACH payment processing.
B2B merchant accounts are perfect for businesses who primarily sell to other businesses. Providers such as Zen Payments, take into account the unique aspects of your sales process and create custom merchant accounts that suit your transaction preferences.
How To Get A B2B Merchant Account
To get a B2B merchant account you’ll want to contact a provider who is experienced with that form of payment processing and apply through them. But before you reach out, let’s get into how to pick one, what are the fees, and what features should be included in your account.
- ACH Payment Processing – B2B providers should be equipped with a straightforward approach to ACH payment processing. Oftentimes, manufacturing companies will want payment upfront and directly wired to their bank account before shipping out an order. Moreover, costs of shipping and the large-scale work that’s involved in manufacturing make it essential to have extra levels of security when it comes to payments.
