Why B2B Businesses are High Risk to Payment Processors
B2B businesses are classified as high risk by payment processors for several reasons that make these transactions more complicated. One of the main reasons is the bigger transaction sizes. B2B payments are bigger than B2C payments and this increases the chance of chargebacks, disputes and fraud.
Not to mention B2B payment terms are often delayed, net 30 or net 60, which complicates cash flow management. These factors make B2B businesses more prone to payment issues which is why customised payment processing solutions like those offered by Payment Nerds are needed to ensure smooth and secure transactions.
Why Choose a B2B Payment Processor
Choose Payment Nerds as your B2B payment processor and get:
- Simplified Payment Flows: Customised solutions for recurring billing, invoicing and large transactions.
- Advanced Fraud Protection: We use the latest security protocols, tokenisation, two-factor authentication, and real-time fraud detection to protect your business from fraud.
- Seamless Integrations: Integrate with your existing accounting systems, ERP software, and business tools to reduce data entry and transfer.
- Affordable Solutions: Reduce transaction fees with flexible pricing options for B2B businesses, ACH and credit card processing.
- 24/7 Support: Our support team is available 24/7 to help with any technical issues or questions.
What are Merchant Accounts for B2B
- High Risk Merchant Accounts: B2B businesses are classified as high risk and need customised merchant accounts to handle big transaction volumes and complex billing systems.
- Standard Merchant Accounts: For businesses with simple payment processing needs and less frequent transactions.
- Custom Merchant Accounts: Custom accounts for businesses with special needs, bigger transactions, customized invoicing and other custom services.
Who to Choose for B2B Payment Processing
When choosing a payment processor for your B2B transactions you need to partner with a provider who understands your industry. Payment Nerds offers customised solutions for businesses across different industries, whether you need advanced fraud protection, recurring billing, detailed reporting or more.
We offer solutions that grow with your business so your payment processing system evolves with your company. We are committed to security and compliance so your transactions are always protected from fraud and data breaches.
What You’ll Need for Merchant Services
Getting started is easy but here’s what you’ll need:
- Photo ID: A government issued ID to verify the business owner.
- Signed Merchant Application: This is the standard form we use to set up your account.
- Voided Check or Bank Letter: This helps us verify your bank details so payments go smoothly.
- Bank Statements: Three months of statements to show your financials.
- Processing History: If you’ve processed payments before previous statements can help us understand your business.
- Business Documentation: Stuff like your license or medical certifications to keep it legit.
Software Integrations for B2B Payment Processing
Payment Nerds integrates with various business software to streamline your payment processing:
- ERP Systems: Sync payment data with your ERP for accurate financial record-keeping.
- Accounting Software: Integrate with popular accounting tools for smooth transaction management and reporting.
- CRM Systems: Integrate payment data with your CRM for better insights and decision making.
We work with you to integrate your preferred tools for a seamless payment processing system.
