How do I accept B2B payments?
The answer here has a few layers depending on the needs of both you and your client. It also can depend on the card your client prefers to use! Typically, you'll run a B2B transaction through a virtual terminal.
Often, B2B merchants will want (or need) to utilize level 2 and level 3 data. Doing so can save you up to 50% in interchange fees - see examples here. For the vast majority of B2B merchants, processing a transaction will follow the exact same steps as any other sale! You'll simply enter the sale into your AND virtual terminal, and click "process transaction". That's it. The beauty of the AND gateway is that it handles level 2/3 data input automatically. As the merchant, you don't have to manually enter all of these detailed values. The AND gateway does it for you. So, when you run a sale, the gateway is (in the background) determining if the sale is eligible for B2B discounts. If it is, extra data is added to the sale, so you get the lower rates, without extra work. Learn more about the AND gateway here.
Certain customers will demand unique/specific level 3 data. This is common with larger and more established vendors. For example, your vendor may require that you input specific invoice numbers with each transaction you run, and that those invoice numbers actually pass back to their issuing bank with each sale. In this scenario, you need to utilize a level 3 gateway that allows unique values, such as the NMI gateway. AND can set this up for you as well, and educate your team on how to properly input all appropriate line-item data. Read about advanced B2B needs here.
We're serious about saving money.
AND is dedicated to getting your processing rates as close to zero as possible. We utilize membership pricing along with cash discounting and surcharging programs to maximize savings. Let our analysts review your statements and see how much money we can put back in your pockets.