What is B2B Open Banking?
B2B Open Banking is a fully-managed service that allows wholesalers to accept payment by bank transfer. Open banking offers two principal advantages compared to debit, credit or corporate credit cards – the processing fees are cheaper than traditional payment methods; and money is paid into a business's account instantly.
The premise of B2B Open Banking is simple: it quickly triggers an extremely secure, online banking transaction, pre-populating the values and the business account a customer is paying.
B2B Open Banking is tailored to the needs of wholesalers and can be adopted quickly as an off-the-shelf solution or customised to fit a specific need, allowing businesses to target the areas where customers use card payments most.
Where can B2B Open Banking be used in my business?
The team at b2b.store has been working on B2B technology solutions with industry leaders, such as Bestway Wholesale, for more than a decade, so have an in-depth knowledge of the operations that form part of your business.
We’ve used that expertise to adapt B2B Open Banking to be used at numerous points of payment, allowing you to strip costs from all over your business.
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In-depot/store environments
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Taking payment over the phone
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Adding to your email template
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Payment on delivery
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At the point of online payment
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Credit control (invoices, payment reminders etc)
