Best B2B Payment Solutions for Small Businesses
This article is part of a larger series on Payments.
A dedicated B2B payment solution allows qualifying merchants to receive significantly lower processing fees and discounts for high-volume transactions. Aside from low, competitive rates, B2B businesses also need payment solutions that handle big-ticket sales, invoicing, and various payment types.
According to our evaluation, the best B2B payments companies are:
- Helcim: Best overall payment solution for B2Bs
- Stripe: Best for online B2B payments
- QuickBooks: Best for B2Bs processing invoice payments
- Square Payments: Best for businesses needing a strong POS system such as wholesalers or those with B2C and B2B transactions
- Stax (formerly Fattmerchant): Best for large-volume B2B companies
- PayPal: Best user-friendly solution for small B2B companies
Notable Runners Up:
- Payment Cloud: Best for merchants in high-risk businesses, like those selling CBD or firearms and startups
- Dharma Merchant Services: Best for high-volume businesses accepting international payments
- National Processing: Best for businesses accepting a large volume of ACH payments
Top B2B Payment Companies Compared
Monthly Fees | Virtual Terminal Fees | Invoicing/ Recurring Payment Fees | Online Transaction Fees | Keyed-in Transaction Fees | ACH/E-check Transaction Fees | |
---|---|---|---|---|---|---|
$0 | Interchange plus 0.20% + 10 cents to 0.50% + 25 cents | Interchange plus 0.20% + 10 cents to 0.50% + 25 cents | Interchange plus 0.20% + 10 cents to 0.50% + 25 cents | Interchange plus 0.20% + 10 cents to 0.50% + 25 cents | 0.5% + 25 cents | |
$0 | 3.4% + 30 cents | 2.9% + 30 cents to 3.4% + 30 cents | 2.9% + 30 cents | 3.4% + 30 cents | 0.8%, $5 cap per transaction | |
$30–$55 | 3.2%–3.5% + 25 cents | 2.8%–2.9% + 25 cents | 2.8%–2.9% + 25 cents | 3.2%–3.5% + 25 cents | 1% per $10 transaction | |
$0–$60 | 2.9% + 30 cents to 3.5% + 15 cents | 2.9% + 30 cents to 3.5% + 15 cents | 2.9% + 30 cents | 3.5% + 15 cents | 1% | |
$99–$199 | Interchange plus 15 cents | Interchange plus 15 cents | Interchange plus 15 cents | Interchange plus 15 cents | Interchange plus 15 cents | |
$0–$85 | 3.09% + 49 cents | 2.9% + 49 cents | 2.9% + 49 cents | 3.49% + 49 cents | 3.49% per $300 transaction | |
Helcim: Best Overall B2B Payment Solution
Helcim
What We Like
- Automatic discounted transaction fees
- Free merchant account with no long-term contract or cancellation fees
- Free access to payment processing tools and customer self-service portal
What's Missing
- Limited business integrations
- Limited customer support hours
- Does not support high-risk merchants
Stripe Pricing
- Monthly Subscription: $0
- Transaction Fees:
- Online: Interchange plus 0.20% + 10 cents to 0.50% + 25 cents
- Keyed-in: Interchange plus 0.20% + 10 cents to 0.50% + 25 cents
- Domestic ACH/Wire Transfers: 0.5% + 25 cents
- Payment Service Fees:
- Invoicing: $0
- Recurring billing: $0
- International payments: $0
- Virtual terminal: $0
- Paper checks: N/A
- Chargeback Fee: $0 or $15
Helcim is a merchant services and credit card processing provider based out of Canada. It supports invoicing, recurring billing, virtual terminal, ACH, and ecommerce payment processing solutions, while also providing Level 2 and Level 3 credit card processing for US merchants. Zero monthly fees and interchange plus transaction pricing make it one of the cheapest payment processors ideal for B2Bs.
Aside from the free invoicing and customer self-service portal, Helcim’s automatic, discounted, and volume-based interchange-plus pricing method sets it apart from its competitors. This means you don’t have to submit a request for a review of your payment processing fees to get discounts for your growing sales volume.
All things considered, Helcim landed at the top of our list with an overall score of 4.2 out of 5. It gained stellar marks for pricing and free access to its payment tools, while limited integrations and customer support hours prevented Helcim from getting a perfect score.
Helcim B2B Features
Invoicing and recurring payments | Wire transfers (Canadian merchants only) |
Virtual terminal | Customer self-service online portal |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants |
Paper check payments | International payments |
- Provides an all-in-one dashboard that lets you set up your payment processing tools in a single merchant account
- Use the free virtual terminal to accept payments over the phone from any computer, tablet, or smartphone
- Offers more affordable but advanced invoicing features (like Stripe), allowing you to create estimates and quotes and automatically reconcile accounts receivables
- Provides free recurring billing features including a customer portal where subscribers can manage their own subscriptions
- Lets you accept ACH payments for single and recurring invoices, subscriptions, payment requests, and virtual terminals for up to $25,000 per transaction
- Allows you to accept cross-border payments, particularly by accepting international credit cards—does not charge extra for these transactions (however, note that a 1%–3% international service fee may be charged by your bank)
- Includes back office tools that assist in organizing and managing administrative tasks including business taxes; tax forms are listed and status is displayed for easy tracking
What Helcim Is Missing
While Helcim offers wire transfer services, this feature is not available for US merchants (only for Canada-based merchants). Instead, Helcim provides an ACH payment option, which can be a suitable alternative for clients to send payments directly to your bank. Consider traditional merchant providers like Stax if you prefer this option. Helcim also does not work with high-risk merchants; you may find PaymentCloud a more suitable alternative.
Learn more about Helcim with our full Helcim review.
Stripe: Best for Online B2B Payments
Stripe
What We Like
- 135+ currencies, 450+ integrations
- Handles recurring payments, invoicing
- Highly customizable payment tools and security features
What's Missing
- Complex setup and steep learning curve
- Charges extra for accessing invoicing and recurring payment tools
- Lacks a free, built-in virtual terminal
- Does not serve high-risk businesses
Stripe Pricing
- Monthly Subscription: $0
- Transaction Fees:
- Online: 2.9% + 30 cents
- Keyed-in: 3.4% + 30 cents
- Domestic ACH Debit: 0.8%, $5 cap
- Domestic ACH credit: $1
- Paper checks: $5 per check
- Domestic Wire Transfers: $8
- Payment Service Fees:
- Invoicing: From 0.4%–0.5% per transaction
- Recurring billing: 0.5%–0.8% per transaction
- International payments: 1% + 30 cents
- Virtual Terminal: Third party
- Paper checks: Not disclosed
- Chargeback Fee: $15
Stripe is an international payment processor that can take payments as small as 50 cents and as large as $999,999.99, making it a good choice for B2B businesses. It offers the widest range of payment processing solutions among all the providers in our list, with both in-person and remote payment processing, and allows you to accept domestic and international payments through wire transfers, ACH/E-checks, and cards.
This provider’s strength lies in its versatility, although you may pay a little more for some features. You can integrate Stripe into your POS or webpage or build your own solution (higher fees may apply). With over 450 integrations, some of which are specific for B2B merchants, you can link Stripe into your accounting software, POS, customer relationship management software, and more.
Stripe Announces Increase in Keyed-in Transaction Fees
Effective Nov. 10, 2022, Stripe’s keyed-in transaction rates will increase to 3.4% + 30 cents per transaction for all virtual terminal transactions and first-time payments for subscriptions and card-on-file transactions.
Slipping into second place, Stripe earned an overall score of 4.15 out of 5, still recognized for its variety of payment types (including paper check processing), highly customizable payment tools, and advanced security management features. Meanwhile, Stripe lost a few points for its pricing complexity; while its pricing system is clear, there are a lot of add-ons for specific tools, like fraud protection. Also, Stripe deposits funds in two days unless you pay an extra fee for faster deposits. We also docked points because it does not serve high-risk businesses.
Stripe B2B Features
Invoicing and recurring payments | Wire transfers |
Virtual terminal (integration) | Customer self-service online portal (API) |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants |
Paper check payments | International payments |
- Accepts local and international payments with customer support for more than 25 countries
- Includes built-in tools to create embeddable checkout forms and invoicing templates
- Provides real-time and unified reporting tools, including deposit tracking and integration with accounting software like QuickBooks and NetSuite
- Provides you with the option to track payouts and control payout times when depositing to your bank account
- Includes programmable, automatic dispute handling, with tools to submit documents to card network directly from the Stripe platform
- Allows you to manage your business operations with a unified dashboard, accessible from any iOS and Android device
- Offers 24/7 customer support including technical support on Discord platform
What Stripe Is Missing
Unfortunately, Stripe’s versatile payment solutions are not available to high-risk businesses. However, its website advertises that it also offers custom pricing for those with a “unique business model,” so it won’t hurt to reach out to Stripe’s sales team to inquire. Otherwise, consider PaymentCloud for your high-risk merchant account.
Read our full Stripe review for more information.
QuickBooks Payments: Best for QuickBooks Users & Invoice Payments
QuickBooks Payments
What We Like
- Free instant deposits
- Invoicing and recurring billing
- ACH and E-check processing
What's Missing
- No phone customer support
- Must have a QuickBooks Online account
- Does not support international money transfers and high-risk businesses
QuickBooks Payments Pricing
- Monthly Subscription: QuickBooks Online: $30–$200 per month
- Transaction Fees:
- Online/ Invoice: 2.8%–2.9% + 25 cents
- Keyed-in: 3.2%–3.5% + 25 cents
- Domestic ACH: $1.50–$3 or 1%
- Domestic Wire Transfers: $0
- Payment Service Fees:
- Invoicing: $0
- Recurring billing: $0
- International payments: 3%
- Virtual Terminal: $0
- Paper checks: $0
- Chargeback Fee: $25
QuickBooks offers a payment processing function with strong features and good rates for those already using QuickBooks Online. It has slightly lower processing fees for keyed-in and invoiced payments compared to Square and PayPal, which both charge 3.5% + 15 cents for keyed, and 2.9% + 30 cents for invoice transactions. Also, if you regularly process over $7,500 a month, you can apply for a discount on transactions of up to 40%.
QuickBooks Payments connects to your QuickBooks account, so you get the features of the complete accounting software, including invoicing, reports, budget tools, and sales tax tracking. You can accept payments online or in person using a mobile device or by sending invoices. It also integrates with many POS and business management systems
Based on our evaluation criteria, QuickBooks earns 4.03 out of 5 stars. It handles wire transfers and records paper check payments, which sets it apart from most of the payment processors we considered. However, QuickBooks Payments does not have international money transfer capabilities and does not work with high-risk businesses. And, while its transaction fees are competitive, you will end up paying at least $30 a month for a QuickBooks Online account, no matter how much you process in sales.
QuickBooks Payments B2B Features
Invoicing and recurring payments | Wire transfers |
Virtual terminal | Customer self-service online portal |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants |
Paper check payments (QuickBooks Checking Account) | International payments (with integration) |
- Accepts wire transfers, paper checks, and card payments
- Create customizable invoices and send them directly from your QuickBooks platform
- QuickBooks Checking gives you access to free instant deposits, mobile deposits, and paper check payment tools
- Includes tools for adding a Pay Now button to your invoice to make it instantly payable
- Accept digital payments with ACH and e-check payment options
- Gives next-day access to your deposits, or instantly at no extra cost or with a QuickBooks Visa debit card; you can also set up a recurring schedule for depositing your funds
- Offers seamless integration with Shopify, BigCommerce, and other online platforms so you can accept payments from your website
- Provides access to Cash Flow Center’s real-time dashboard to track and automatically reconcile online and invoice payments
What QuickBooks Payments Is Missing
QuickBooks does not support international currencies and therefore cannot accept international money transfers unless you subscribe to an integration. Stripe is a great alternative if you require a processor that integrates seamlessly with QuickBooks. On the other hand, Wise offers dedicated tools for processing international payments along with competitive rates.
For more information on QuickBooks Payments features, visit our full QuickBooks Payments review.
Square Payments: Best B2B Payment Solution With POS
Square Payments
What We Like
- Free POS software
- No chargeback fees
- Seamless omnichannel selling
What's Missing
- Does not serve high-risk businesses
- Does not process wire transfer payments or cross-border card payments
- Limited processing for checks and ACH transfers
Square Payments Pricing
- Monthly Subscription: $0–$60
- Transaction Fees:
- Online/ Invoice: 2.9% + 30 cents
- Keyed-in: 3.5% + 15 cents
- Domestic ACH: 1% processing fee, minimum $1
- Domestic Wire Transfers: N/A
- Payment Service Fee:
- Invoicing: $0
- Recurring billing: $0
- International payments: N/A
- Virtual terminal: $0
- Paper checks: N/A
- Chargeback Fee: $0
Square Payments offers a free POS system with its payment transactions, making it a great choice for B2B businesses that also have an in-person store, do a lot of trade show sales, or have a strong B2C market. It may be able to provide you with a complete solution where everything integrates natively (ecommerce, invoicing, scheduling, payroll, and time tracking), or you can check out its other integrations.
Square is a popular choice among small businesses. Aside from competitive transaction rates, it is the only B2B solution in our list that doesn’t impose chargeback fees (Stripe charges $15, for example, and PayPal, $20). It also has a transaction limit of $50,000 with standard next-day deposit, or same-day access to your funds for an additional fee.
Though Square typically tops our list for best POS and best merchant services for small B2C businesses, in our evaluation of B2B payment companies Square earned 3.8 out of 5 stars. It got a solid 5 stars for pricing and expert score. However, it loses some points for not serving high-risk businesses, charging for instant deposits, and offering limited processing for checks and ACH transfers.
Square Payments B2B Features
Invoicing and recurring payments | Wire transfers |
Virtual terminal | Customer self-service online portal (Appointments POS only) |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants (Limited) |
Paper check payments | International payments |
- Offers an easy sign-up process with no approval required to start accepting payments
- Features flat-rate transaction pricing for easy understanding of your monthly payment processing expenses
- Includes an all-in-one Square Dashboard where you can manage all your business processes, including tracking sales
- Allows you to create, send, and track invoices online or via Square Payments’ iOS and Android apps
- Features a chargeback and dispute management tool that allows you to manage chargebacks and disputes from the Square Dashboard
- Offers standard next-day fund deposits; get instant or same-day access to your funds (you can pay an additional fee to get up to $10,000 per day in sales transferred immediately, although some restrictions apply)
What Square Payments Is Missing
Wire transfer is not in the list of Square’s supported payment types and it doesn’t help that Square only offers limited processing of checks and ACH transactions. If this is a dealbreaker, consider Stripe, which offers the widest range of payment options.
Learn more about Square and its features with our full Square Payments review.
Stax: Best Large-volume B2B Payment Company
Stax
What We Like
- Interchange plus (wholesale) payment processing rates
- Low-cost ACH transaction fees
- 24/7 live customer support
What's Missing
- Add-on cost for level 2 card-not-present data processing (for B2Bs)
- Accepting payments through payment links not included in basic plan
- Not suitable for high-risk merchants
Stax Pricing
- Monthly Subscription: $99–$199
- Transaction Fees:
- Online/Invoice: Interchange plus 8 cents
- Keyed-in: Interchange plus 15 cents
- Domestic ACH: $0
- Domestic Wire Transfers: N/A
- Payment Service Fee:
- Invoicing: $0
- Recurring billing: $0
- International payments: N/A
- Virtual terminal: $0
- Paper checks: N/A
- Chargeback Fee: $25
Stax (formerly Fattmerchant) is a subscription-based merchant services provider that offers wholesale interchange plus payment processing. This means users will only have to pay Stax the monthly subscription (ranges from $99–$199 per month) to access any type of payment method. For businesses that regularly process large-volume transactions such as B2Bs, this set up amounts to huge savings.
Since our last update:
Stax recently updated its subscription plan. It now offers invoicing and recurring billing in the basic monthly subscription.
Interchange-plus pricing generally results in lower transaction costs compared to flat rate fees, and Stax’ subscription plan structure makes it attractive to B2B businesses. However, the monthly subscription depends on the payment method, which means you may need to pay for a higher monthly fee if you need certain services. For example, if you want to accept payments through payment links or automatic recurring payment (through card-on-file service), you will have to pay $159 a month.
All things considered, Stax earned a respectable 3.73 out of 5, earning a perfect score for pricing and contract, and above average marks from our expert’s evaluation. The add-on cost for level 2 credit card data processing and lack of support for accepting international payments as well as high-risk merchants prevented Stax from placing higher in our rankings.
Stax B2B Features
Invoicing and recurring payments | Wire transfers |
Virtual terminal | Customer self-service online portal |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants |
Paper check payments | International payments |
- Charges an add-on cost for level 2 card-not-present data processing required for accepting B2B payments
- Supports text-to-pay transactions that allow for faster payment processing and better communication with clients
- Add-on option for access to same-day funding service (including holidays and weekends)
- Free terminal/mobile card reader with subscription to basic monthly plan
- Free surcharging tools with the basic plan and advanced features through add-on
- Effectively offering month-to-month contract
What Stax Is Missing
Like most of the providers in our list, Stax does not support high-risk merchants, so consider other options like PaymentCloud for this feature. It also does not offer tools for accepting cross border payments so for large B2Bs with global clients, consider an alternative provider like Helcim.
Learn more about Stax’ features in our full Stax review.
PayPal: Best for Small B2B Merchants
PayPal
What We Like
- Processes payments for over 200 countries
- Stored payment information for recurring payments, subscriptions
- Accepts cryptocurrency
What's Missing
- Not great for high-risk businesses
- Chargeback fees
- No wire transfer or check payment processing
PayPal Pricing
- Monthly Subscription: $0–$30
- Transaction Fees:
- Online/ Invoice: 2.59% + 49 cents (online), 3.49% + 49 cents (invoice)
- Keyed-in: 3.09% + 49 cents (Virtual terminal)
- Domestic ACH: 3.49% + 49 cents, capped at $300
- Domestic Wire Transfers: N/A
- Payment Service Fee:
- Invoicing: $10–$30
- Recurring billing: $10–$30
- International payments: 1.5%
- Virtual Terminal: $30
- Paper checks: N/A
- Payment Gateway: $0–$25
- Chargeback Fee: $20
Everyone knows PayPal as a way for people to share money or purchase items, but it also works for small B2B merchants. It has a $10,000 cap on transactions, so it’s best for businesses processing lower-ticket sales. PayPal also works for in-person or online businesses of all types and in multiple currencies from over 200 countries. In November 2020, PayPal added cryptocurrency transactions to its list of accepted payments, making it stand out further from its competitors.
PayPal accepts payments online with PayPal or credit cards and allows you to tie a bank account to your PayPal so you can fund payments through it (defaults to the PayPal account first). It also lets you send ACH transfers into your PayPal and tap your bank account to fund your PayPal transactions. It gives you the option to access your money immediately in PayPal, or have it transferred to your bank in a day or two.
In our evaluation, we gave PayPal 3.69 out of 5 stars. It got high marks for its pricing structure and is a flexible service that’s easy to use and continues to grow. However, like Square, it does not process wire transfers, but offers comparatively better tools for accepting ACH payments. It may also accept your high-risk business, but there are restrictions and chargeback fees that can make it less advantageous.
PayPal B2B Features
Invoicing and recurring payments | Wire transfers |
Virtual terminal | Customer self-service online portal |
Ecommerce integration | Accounting integration |
ACH/Echeck payment option | Supports high-risk merchants (Limited) |
Paper check payments | International payments |
- Supports credit cards, debit cards, ACH bank transfers, Venmo, and cryptocurrency
- Offers tools supporting recurring payments and buy now, pay later options for your customers
- Gives next-day access to your deposited funds, provided your bank account is linked to your PayPal
- Seamlessly integrates with popular accounting, ecommerce, and POS tools
- Includes accounting tools for calculating taxes for your transactions; also tracks your payment volume and sends you a Form 1099-K if it crosses the IRS calendar year thresholds
What PayPal Is Missing
While PayPal does not support wire transfers, having a linked bank account to your PayPal is a decent workaround. However, PayPal does not have an alternative for processing check payments, which can be a concern for some businesses that still accept this type of tender. If you want your business to have check payment processing options, consider Stripe.
Get more information on PayPal for merchants with our full PayPal for Business review.
Notable Runners Up
We narrowed down our list to six providers for this update, however, there are a number of note-worthy runners up that offer features unique to B2B merchants:
PaymentCloud: Best for High-risk Merchants
PaymentCloud specializes in high-risk merchants. It does not consider credit scores and works with multiple banks with a 98% approval rating. Payment Cloud also offers free next-day funding for all card payments, which you won’t normally see for high-risk merchant account providers, making it a great option for any business needing a speedy cash flow.
In our evaluation, PaymentCloud earned an overall score of 3.66 out of 5, getting good marks for its invoicing tools and integrations with accounting software and POS systems. And, while it also gained points for being compatible with high-risk businesses, it lost points for requiring a contract for high-risk sales. It also does not handle wire transfers or international transactions.
Read our full PaymentCloud review.
Dharma Merchant Services: Best for High-volume Businesses Accepting International Payments
Dharma Merchant Services offers competitive subscription pricing for growing B2B businesses that need offline and online payment solutions without the burden of a long-term contract. Dharma’s subscription plans include a free virtual terminal, online reporting, mobile processing, and a customer database, among other features. It provides interchange-plus pricing and can work to get you lower interchange rates. B2B businesses can also expect level 2/3 interchange reductions through Dharma’s integration with MX Merchant.
Based on our evaluation, Dharma Merchant Services earned a total score of 3.36 out of 5. It earned points for its ability to accept international money transfers, priority 24-hour funding for B2B merchants, and its suite of business tools. However, Dharma does not support high-risk businesses, charges extra for invoicing features, and collects a fee for closing an account which, all-in-all, prevented it from ranking higher in our evaluation.
Read our full Dharma Merchant Services review.
National Processing: Best for Accepting Large-volume ACH Payments
National Processing offers significantly low interchange-plus pricing for businesses willing to pay higher monthly fees. Contracts are on a monthly basis, with different rates based on industry type; larger businesses can opt for subscription pricing with even lower transaction fees. However, it’s in accepting ACH payments where National Processing stands out, with its own proprietary ACH software that allows it to offer low transaction fees.
Overall, we gave National Processing a score of 3.15 out of 5 for its highly competitive pricing, excellent customer service hours, compatibility with high-risk businesses, and added business tools. However, like Dharma, it lost points for its lack of wire transfer and cross border payment processing capability. Using National Processing’s ACH service will cost an additional monthly fee.
Read our full National Processing review.
How We Evaluated B2B Payment Companies
We searched for merchant services that offer affordable payment processing with transparent fees and minimal contracts. Then, we narrowed our evaluation down to eight of the most affordable and reputable payment processors and considered the different types of payments each solution can accommodate.
For example, many B2B businesses accept payments via invoice, card-not-present, e-check, and automated clearing house (ACH) instead of a traditional payment terminal or online checkout. So, we prioritized processors that can handle those types of payments and awarded extra points for those that include invoicing or recurring payment software.
We also favored solutions that offer interchange-plus rates for Level 2 and Level 3 processors and processors that offer negotiable rates for high-volume businesses. Next, we looked for specific use cases like high-risk businesses. Finally, we considered real user reviews and ease of use.
At the end of our evaluation, Helcim came out on top as the best B2B payment solution for small businesses because of its price point, variety of payment types, and breadth of features. It also works for both international and domestic businesses.
Click through the tabs below for our specific evaluation criteria:
30% of Overall Score
We gave the most points to payment processors that offer interchange-plus rates, did not require contracts or monthly fees, nor impose account cancellation charges.
30% of Overall Score
We assessed whether each solution can process wire transfer, e-check, ACH, virtual terminal, payment gateway, and international money transfer payments.
30% of Overall Score
Here, we considered a range of functions important to B2B companies such as invoicing and accounting tools, customer management features, support hours, deposit speed, and whether or not high-risk businesses could use the payment service.
10% of Overall Score
This combined our overall evaluation of price and ease of use with scores from real-world users on trusted third-party review sites.
B2B Payment Solutions Frequently Asked Questions (FAQs)
What is B2B payment processing?
B2B payment processing is where one business charges another business for the purchase of goods or services.
Popular B2B payment methods include credit cards, invoicing, ACH, and online payments. B2B payments through card-not-present (CNP) transactions require a Level 2 or Level 3 processing which involves more stringent data verification, though come with lower transaction fees.
How do I accept B2B payments?
Business clients often prefer remote payment methods such as CNPs, wire transfers or electronic fund transfers (EFT), over the phone through virtual terminals, payment links through payment gateways, e-checks, and ACH. And, because B2B transactions almost always involve large volumes of sales, merchants will need a payment processing service that provides the most savings.
How do I find the best B2B payment processor?
The key concern for a B2B company is to look for a payment processor that offers the lowest transaction fees, most versatile payment methods, and most secure transaction processing tools. And while interchange plus pricing is ideal, merchants should also consider add-on costs for managing transactions.
Depending on your sales volume,you may find providers using flat-rate fees with free merchant services more affordable than payment processors offering interchange-plus rates with a monthly fee. Lastly, merchants should take into consideration additional features specific to its business such as availability of support for accepting cross border payments or high-risk merchant transactions.
Bottom Line
Businesses doing B2B sales have a lot of strong options for payment processors. Start by assessing your own needs, including the kind of processing (online, e-check, card swipe, invoicing) and the average amount per sale. Consider if you need hardware or software—and what software you may want to integrate with. Then, look at pricing and contracts.
Overall, we chose Helcim primarily for its automatic discounted transaction fees and its versatility in features and payment types. It also offers competitive pricing for small businesses. Contact Helcim today to learn more.