B2B Payments Suite
Payment Gateway
Secure electronic payment processing globally. Integrates with e-commerce, ERPs, and other financial applications.
Get paid faster. 90% less processing costs by facilitating e-payment adoption.
B2B Payments Suite
Secure electronic payment processing globally. Integrates with e-commerce, ERPs, and other financial applications.
Get paid faster. 90% less processing costs by facilitating e-payment adoption.
PCI Compliance. Enhance payment security by replacing sensitive card details with unique tokens. More
Card Payment Processing. Process card payments in multiple currencies & geographies. More
Reduce Costs. Securely integrate with e-commerce platforms or ERPs to accept credit card data. More
90% Less Processing Costs. Validate accounts, accept and process low-cost ACH payments. More
Direct Debits. Support low-cost electronic payments in 36 European countries. More
Global Payments. Accept 200+ payment methods like FedNow, BACS, Boleto, and more. More
PRODUCT
VALUE
This ebook outlines the 11 most widely used global payment formats a treasury team should be aware of and accept to constitute a healthy payment mix.
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Discover the fundamentals of B2B payment processors, how they work, various payment processing fees, and how to reduce those fees.
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An automated billing system integrates with your company’s ERP, CRM, payment getaways, and other software to eliminate manual intervention.
Read the BlogA B2B payment platform is a specialized software that facilitates transactions between businesses, enabling smooth and secure transfer of funds. These platforms handle large transactions, often involving multiple currencies and payment methods, allowing businesses to automate invoicing, reconciliation, and reporting processes.
Companies of all sizes use B2B payment platforms to streamline their financial operations.B2B payment platforms are utilized by various industries, including manufacturing, wholesale, and services. These platforms provide features like automated invoicing, real-time payment tracking, and integration with accounting systems, enhancing efficiency and accuracy. These platforms help businesses improve their cash flow management, reduce transaction costs, and mitigate risks associated with manual payment processing.
Yes, B2B payment gateways are designed to comply with stringent data protection laws such as the General Data Protection Regulation (GDPR) in Europe and the Payment Card Industry Data Security Standard (PCI DSS) to ensure the security and privacy of sensitive financial information.
B2B payment gateways employ advanced encryption techniques and secure data storage practices to protect transaction data from unauthorized access and breaches. Regular security audits and updates are conducted to maintain compliance with evolving regulations. Additionally, these gateways often provide businesses with detailed compliance reports and support to help them adhere to relevant data protection laws.
B2B payment gateways facilitate international transactions by supporting multiple currencies and providing tools for currency conversion. They enable businesses to accept global payments from customers and suppliers, ensuring smooth cross-border trade with competitive foreign exchange rates.
To handle international transactions efficiently, B2B payment gateways often integrate with global banking networks and financial institutions. They provide features like multi-currency accounts, international payment routing, card tokenization and fraud detection to ensure secure and compliant transactions. Our payment gateway supports processing payments in 200+ alternative global payment methods.
Yes, B2B payment gateways can be highly customized to meet the specific needs of different businesses. They offer a range of configurable options, including payment terms, invoicing formats, and reporting tools, to optimize business payment workflows for maximum efficiency.
Many B2B enterprise payment gateways provide APIs and integration capabilities with other business systems such as ERP, CRM, and accounting software. This allows businesses to create seamless and automated payment processes tailored to their specific operational needs. Customization also extends to user access controls and security settings, ensuring that the gateway can be adapted to the organizational structure and compliance requirements.
The best B2B payment method depends on the businesses’ needs and preferences. Common options include bank transfers, ACH payments, and credit cards. Each has its advantages, such as speed, cost, and convenience, so it’s crucial to choose the one that best fits the transaction requirements.
For instance, bank transfers are ideal for large, secure one-time payments but are costlier. ACH payments are cost-effective for recurring transactions, such as payroll or subscription services. Credit cards offer quick transactions and rewards but come with higher fees. Evaluating various factors and payment facilitators help businesses by providing the right infrastructure and determining the best B2B payment method for their specific needs.
B2B payment gateways handle large, complex transactions between businesses, offering features like bulk invoicing, customized payment schedules, and integration with accounting systems. B2C payment gateways are designed for consumer transactions, emphasizing ease of use, speed, and high transaction volumes.
Additionally, B2B gateways often support multi-currency transactions and advanced security protocols to manage higher risk levels and regulatory requirements. In contrast, B2C gateways offer features like one-click payments and mobile compatibility to cater to the fast-paced nature of consumer shopping. Each type of gateway is tailored to meet the specific needs of its respective market, ensuring optimal performance and user satisfaction.
The payment gateway is a cloud-based software ‘switch’ that is specifically designed to facilitate payment processing of B2B(business-to-business) transactions. It enables secure payments by processing payment tokenization, authorization and settlement requests for credit cards and other alternative payment methods.
As a tier 1 payment service provider, HighRadius holds PCI certification, which merchants using our service can reference for their annual certification filings. Merchants can utilize our PCI-compliant payment gateway that processes card payments through the processor of your choice, effectively shifting the compliance burden from your business to HighRadius.
Our payment gateway supports Credit Cards, Debit Cards, Direct Debit. In addition to this, we also support other alternative payment methods like GiroPay, iDeal, BanContact and other local and popular payment methods.
The implementation time for HighRadius Payment Gateway varies based on the complexity of your organization’s requirements. However, our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months, setting an industry benchmark. Our dedicated implementation team works closely with you to ensure a smooth transition with minimal disruption to your payments process.
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