GBO’s assistance with finding and locating B2B payment solutions technology is integrated with some of the world’s best acquiring banks and payment institutions. The B2B electronic payment gateways offer a highly secure server environment through built-in risk and fraud management algorithms.
Corporate purchasing using cards is growing exponentially and makes up over 40% of all B2B purchases. Therefore it is becoming increasingly necessary to accept corporate and government purchasing cards as a form of payment. The benefit of doing so, can prove to be a huge financial benefit, that often, even well established and successful businesses are unaware of. The use of cards for B2B purchasing has doubled in the past five years and is expected to continue to grow at a rate of no less than 10% annually over the next five years. Merchants that already accept card payments from other companies or from government agencies can improve B2B and G2B processing for maximum efficiency and profits.
One of the major benefits of accepting B2B payment forms is that it enables a business to accept a wider range of online payment methods, including corporate and government purchasing cards. This allows customers an incredible level of convenience and in effect generates more sales and higher profits. Furthermore, these profitable benefits help to offset the costs associated with B2B card acceptance.