Did you know that in 2020 checks are still one of the most used B2B payment solutions? Yep, those papery things are still around and thriving. Actually, in the USA almost half of the B2B payments are done by depositing checks.
On top of not being eco-friendly, they’re also not financially nor time friendly. Of course, there are other B2B payment methods as well: like wire transfers, cash or credit cards. Speaking of them, these too are not the most convenient methods.
So then what other B2B payment solutions are out there that won’t cost you a fortune, are safe to use, and don’t involve going to the bank or spending hours managing them?
The answer is online B2B payment platforms.
Decent cross-border B2B payment solutions are not easy to find. On the other hand, banks will charge you a fortune for this type of service. So this is when Transpay comes in handy.
Their transaction fees are 90% lower than those of banks. In addition to that, they operate in over 140 different countries and 60 currencies. In essence, if you run an international business of any size, Transpay is the ideal choice for payments.