Created for business-to-business transactions, Moneris offers electronic payment processing solutions. Customized to your needs, Moneris helps create back-office efficiencies while enabling commercial card acceptance.
At some level, every business requires another business to operate. Goods and services are bought, sold and supplied every day – from transportation to energy, raw materials to finance.
They can be complex
But while B2B transactions are common, they can also be complex, requiring great effort to process. Whether it’s accounts receivable or payable, how a business pays or gets paid can affect the bottom line.
We can help
It can be complicated, we know. That’s why we created our B2B Payments eBook, to help you better understand the buyer-supplier ecosystem and its implications to your business.
The value of electronic payments
Whether a buyer or supplier, Moneris can enhance your business.
Realize efficient cash flow and credit management.
Decrease remittance efforts for faster reconciliation and detailed analytics.
Lower cheque fraud exposure, bad debt and other cheque-related risks.
Still using cheques?
In the consumer space, customers expect to pay using whichever method they prefer. The same is happening within B2B, with more buyers asking to pay by commercial card, and suppliers wakening to the big-picture value of accepting electronic payments.
Electronic and card payments have overtaken cheques within B2B
The preferred way to pay
Both buyers and suppliers can benefit from using or accepting commercial credit cards.
Commercial cards can help increase your payment window while lowering processing costs and offering perks such as points and rebates.
Commercial card acceptance can mean speedier payments, reduced risk and effortless collection.
Moneris B2B is not a one-size-fits-all solution. Rather, it’s a customized solution tailored to your business. So, how do you find the best fit? By talking to us. Once we assess your needs, we can suggest a customized solution.
*“Canadian Payments Landscape - Prepared for the Task Force Payments System Review” Deloitte & Touche LLP, (September 2010); Canadian Payments Association, Annual Statistics 2010-2014; Bank of International Settlements, Statistics on payment, clearing and settlement systems in the CPMI countries, Canada – Figures for 2014, December 2015. Note: data and assumptions are from multiple sources and should only be relied on directionally.