A supplier-initiated payment (SIP) is a B2B transaction made with a commercial card whereby the supplier collects the buyer’s credit card details and initiates the payment process.
Our SIP solution allows businesses to accept commercial card payments, without requiring physical terminals or other special software or hardware.
The supplier obtains the buyer’s card details and inputs them online into the Moneris Gateway platform.
The Moneris Gateway processes the payment and deposits the funds into the supplier’s bank account.
The supplier can access reports for easy reconciliation.
Accept card payments electronically from buyers, without requiring a physical terminal, via our secure online payment processing portal. The Moneris Gateway also includes administrative and reporting tools to help businesses manage everything from accounting to analytics.
Connect directly with our B2B expert, Daniel Charron1‑866‑943‑8929