The Evolution of Payment in B2B: Credit Card as a Payment Method

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In the dynamic and competitive reality of business, having efficient and secure payment options is crucial to maintaining a company's financial health. It is with this commitment in mind that Global uses the credit card payment method, an innovative solution that promises to revolutionize the way you manage your debts.

In today’s dynamic business environment, agility and security in financial transactions play a crucial role in the success and sustainability of businesses. Especially in the Business-to-Business (B2B) segment, the credit card payment option is emerging as a vital component to improve operational efficiency, streamline processes and provide a more agile and secure financial experience.

The Evolution of Payment in B2B
Traditionally, B2B has operated primarily with payments via bulgaria phone number list transfers, checks, and invoices. However, this approach has higher rates of delays, bureaucracy, and risks associated with transaction security. With technological evolution and the rise of digital financial services, credit card payments have emerged as an essential solution for businesses.

To better understand the risks involved in each payment method, we have compiled the following key information:

Bank slip: The slip may be more susceptible to default because there is no guarantee of payment at the time of issue. The customer has the slip in hand and can decide when to pay, which can lead to delays or even non-payment.
Check: Checks are less common these days, but they still carry similar risks of default as boletos. A check may be returned due to lack of funds or other reasons, leaving the company without the expected payment.
Bank Transfer: Although bank transfers are generally more secure and direct, errors in bank details or lack of funds in the customer's account can result in unsuccessful transfers and, consequently, default.
Credit Card: Compared to the previous methods, paying by credit card offers an extra layer of security for the company, since the transaction is authorized at the time of purchase. However, there are cases of chargebacks (when the customer disputes the charge) that can result in lost revenue if the dispute is valid.
Benefits of using a credit card
Among the benefits of using card payments is the speed and practicality with which operations are carried out. The payment flow works as follows:

The customer presents the credit card to the commercial establishment.
The commercial establishment inserts or approaches the card into the machine.
The card machine or billing platform sends the transaction data to the card brand.
The card brand checks whether the transaction data is valid and whether the customer has available credit.
If the transaction is approved, the card brand sends an authorization message to the card machine or billing platform.
The card machine or billing platform prints proof of the transaction.
In the case of cash payment, the total purchase amount is debited from the customer's credit limit on the invoice closing date.

In installment payments, the purchase amount is divided into installments, which are debited from the customer's credit limit on the due date of each installment.