Payment Processing for the Business-to-Business and Business-to-Government Community

Business-to-business (B2B) commerce is a fast-growing segment of the global economy, ranging from high-volume sales involving enterprise-scale organizations to low-ticket orders for small and midsize businesses. Transactions between businesses that occur online are sometimes called e-biz and include all types of value exchanges between businesses.

When Accenture surveyed B2B executives in March 2015, researchers found 55 percent of respondents described digital forms of eCommerce as critically important to profitability. Additional analysis by eMarketer found most B2B companies in an early adoption phase of OmniChannel solutions designed to facilitate a seamless commerce experience for professional buyers, contractors and end-users.

As digital B2B commerce is expanding so does the need for electronic payment solutions. Accepting credit cards brings immediate savings to businesses through improved cash flow. Working with the right payment processing partnering will allow for next day funding, thus eliminating the cost of floating funds and collections.

About Business-to-Business (B2B) Commerce

How is Business Payment Processing Different from Consumer Payment Processing?

Credit card processing uses a three-level system referred to as Level 1, Level 2, and Level 3.

Level 1 credit cards, generally used in business-to-consumer commerce, require the least amount of data to be included within a transaction.

Level 2 credit cards are corporate cards, typically used for business expenses. Level 2 transactions can be processed without special requirements. However, card issuing companies have the option to set restrictions pertaining to spending limits and types of goods that can be purchased. Additional information may also be necessary for transactions to qualify for the lowest rate.

Level 3 cards, commonly known as purchase cards, are used by government agencies and large corporations. Level 3 transactions require more than twenty data elements be passed to qualify for the lowest processing rate.

Level 2 and Level 3 cards are downgraded (assessed additional fees) when required data elements are missing. To prevent downgrades, it is important to understand what is required for a transaction to process at the lowest rate. DigiPay provides business merchants with a payment gateway that seamlessly adds required data elements to prevent the transaction from being downgraded, thus reducing interchange rates for Level 2 and Level 3 transactions.

Our sophisticated software collects and analyzes cardholder data as it enters our system, then performs the required functions to prevent that transaction from being downgraded. Call us to learn how you can save as much as 70 basis points on interchange rates between level 2 and level 3 business card transactions.

Businesses also need a payment gateway that will integrate electronic payment processing with their accounting or business systems. DigiPay, powered by TranZltyics, connects with widely used business management and accounting systems, including Microsoft Dynamics 365.

Most businesses use recurring payments and DigiPay provides a tokenized data vault to reduce the scope of PCI compliance. We provide the highest level of security by using hosted payment pages and advanced fraud protection. In addition to the most advanced fraud technology, DigiPay has an in-house risk management team to monitor transactions flagged for risk.

As we look to the near future, digital currencies will become increasingly important to B2B commerce. DigiPay powered by TranZlytics will transact in any currency, international or digital.

Want to Learn More?

DigiPay Solutions has created a “B2B Commerce Primer” with important information about setting up a merchant account, controlling chargebacks, managing risk and keeping merchant accounts in good standing.

Who is DigiPay Solutions?

DigiPay Solutions is a recognized payment processing brand among companies that provide products and services in the B2B market. The company’s extensive network of partner banks, payment experts and elite portfolio of tailored solutions has helped launch entrepreneurial start-ups and take enterprise organizations to the next level of corporate growth.

Thousands of merchants, from start-ups to enterprise-scale organizations, leverage DigiPay’s curated knowledge of payments to securely process hundreds of millions across an array of vertical industries. DigiPay works closely with B2B partners, providing tailored solutions and timely advice to national and regional service providers, and helping them maintain the highest standards of banking and payment card industry compliance.

DigiPay’s team of experts, combined with our partners’ proven record of successful B2B services, can help start-ups to successfully launch and existing businesses to grow and scale.