Not long ago, the thought of manufacturers and similar companies in the Business to Business (or B2B) segment making payments to and receiving payments from each other using credit and/or debit cards was almost unheard of. In recent years, though, the use of credit and debit cards has become more common in virtually all industries, including manufacturing and B2B.
Accelerated receivables and improved cash flow - When a customer pays an invoice with a card, you receive the funds next-day.
Greater processing efficiency and lower costs - With our online reporting tool, your accounting staff has access to a broad range of reports and can spend less time reconciling invoices to payments that might not arrive for weeks or even months.
Lower rates and fees - We'll work with you to develop effective programs to process cards in an efficient and cost effective manner.
At PNC Merchant Services®, we incorporate industry-specific research and data into the design of the merchant solutions we offer to key industry segments, including manufacturers and other B2B companies. These solutions are customized to address the specific needs of these types of companies, thus maximizing their benefits to manufacturers and B2B businesses.
It can accommodate an unlimited number of users and allows recurring billing and 24/7 Internet access.
It provides timely payment processing, cash flow, and reporting data on B2B customers' payment preferences and activity.
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