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An Overview of B2B Payment
How does B2B payment works?
5 common B2B payment methods.
1. ACH
2. Cheque
3. Credit Card
4. Electronic Funds Transfer (ETF)
5. Wire Transfer
5 Benefits of using B2B payment platform/company.
1. It's Secure
2. It's Scalable
3. It improves efficiency and productive
4. It increases sales
5. More Customer
Top 10 B2B payment companies in Africa.
1. Flutterwave
2. Paystack
3. Cellulant
4. DPO Group
5. iPay Africa
6. Instamojo
7. PayPal
8. Pesapal
9. Balance
10. Verto
B2B payment vs B2C payment

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How the Wallet feature on Fincra can help you with your B2B payments

Fincra provides B2B payment solutions and has API-enabled interfaces to generate faster, more secure B2B payments.

The dominance of digital payment methods has grown astronomically in the last five years, but it was the B2C sector that embraced it quicker. The B2B businesses are now coming around, but they are still a mile behind.

What are B2B payments?

Business to Business (B2B) Payments are the transactions made between two companies or businesses. This is different from Person to Person (P2P) and Customer to Business (C2B).

Operators in the B2B sector had grown used to the longer processing time and more tedious nature of traditional payment methods. But there have been significant changes in the last few years which every B2B business has to adapt to.

B2B businesses now have to move quickly, and with the simplicity, quickness, and seamlessness that digital payment methods bring, it's a no-brainer why businesses have to adopt them.

Fincra's Wallet Feature

One of the payment methods available via digital is the wallet feature that Fincra provides. Fincra provides B2B payment solutions and has API-enabled interfaces to generate faster, more secure B2B payments.

Fincra is dedicated to helping businesses scale, and one way it can achieve that is by making payment seamless and reducing the cost. Making payments can be expensive with transfer fees, card charges, and foreign exchange processes.

And that's where Fincra's Wallet feature can help scale your business. Wallet is a payment and collection feature in Fincra that allows merchants to manage their funds within our products.https://blog.fincra.com/7-most-popular-type-of-fintechs-in-nigeria/

Read More : https://blog.fincra.com/how-the-wallet-feature-on-fincra-can-help-you-with-your-b2b-payments/ Read More : 3 reasons for fintech growth in Africa https://blog.fincra.com/5-reasons-for-fintech-growth-in-africa/