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.
How the Moneris Gateway works
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.
Moneris Gateway Our supplier-initiated solution
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.
Supplier Benefits
Smooth Operation
Accept commercial card payments online, without the need for physical PIN terminals or multiple logins.
Secure Information
As a leader in payments, we have tools to help protect your payment data against fraud.
Optimized Rates
Increased transaction data reporting can lower interchange rates.
Buyer Benefits
Card Compatible
The Moneris Gateway makes it easy for suppliers to accept payment via commercial card, allowing buyers to collect card-related perks.
Detailed Data
Automated and detailed data speeds up reconciliation process.
Secure Information
As a leader in payments, we have tools to help protect your payment data against fraud.
Get started today.
If you have any questions, or are ready to get set up, give us a call.
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