Most popular B2B payment methods | Mollie (2024)

Table of contents

  1. B2B payment at a glance

  2. Buy Now, Pay Later

  3. Purchase on account

  4. SEPA direct debit for B2B

  5. PayPal for B2B

  6. Klarna for B2B

  7. Credit card payments for B2B

  8. Prepayment

  9. B2B payments with Mollie

Overview: B2B payment methods

  • Invoice, SEPA, PayPal and credit cards are established B2B payment methods

  • Buy Now, Pay Later (BNPL) is gaining importance in the B2B sector

  • PayPal and credit cards for international transactions

  • Mix of traditional and modern options increases conversions

  • Process B2B payments simply, securely and transparently via Mollie

Table of contents

  1. B2B payment at a glance

  2. Buy Now, Pay Later

  3. Purchase on account

  4. SEPA direct debit for B2B

  5. PayPal for B2B

  6. Klarna for B2B

  7. Credit card payments for B2B

  8. Prepayment

  9. B2B payments with Mollie

Overview: B2B payment methods

  • Invoice, SEPA, PayPal and credit cards are established B2B payment methods

  • Buy Now, Pay Later (BNPL) is gaining importance in the B2B sector

  • PayPal and credit cards for international transactions

  • Mix of traditional and modern options increases conversions

  • Process B2B payments simply, securely and transparently via Mollie

Table of contents

  1. B2B payment at a glance

  2. Buy Now, Pay Later

  3. Purchase on account

  4. SEPA direct debit for B2B

  5. PayPal for B2B

  6. Klarna for B2B

  7. Credit card payments for B2B

  8. Prepayment

  9. B2B payments with Mollie

Overview: B2B payment methods

  • Invoice, SEPA, PayPal and credit cards are established B2B payment methods

  • Buy Now, Pay Later (BNPL) is gaining importance in the B2B sector

  • PayPal and credit cards for international transactions

  • Mix of traditional and modern options increases conversions

  • Process B2B payments simply, securely and transparently via Mollie

Table of contents

  1. B2B payment at a glance

  2. Buy Now, Pay Later

  3. Purchase on account

  4. SEPA direct debit for B2B

  5. PayPal for B2B

  6. Klarna for B2B

  7. Credit card payments for B2B

  8. Prepayment

  9. B2B payments with Mollie

Overview: B2B payment methods

  • Invoice, SEPA, PayPal and credit cards are established B2B payment methods

  • Buy Now, Pay Later (BNPL) is gaining importance in the B2B sector

  • PayPal and credit cards for international transactions

  • Mix of traditional and modern options increases conversions

  • Process B2B payments simply, securely and transparently via Mollie

What are B2B payments?

B2B payments are financial transactions between companies. When companies sell goods or services to each other, these transactions are processed using specific B2B payment methods.

B2B payments are financial transactions between companies. When companies sell goods or services to each other, these transactions are processed using specific B2B payment methods.

B2B payments are financial transactions between companies. When companies sell goods or services to each other, these transactions are processed using specific B2B payment methods.

B2B payments are financial transactions between companies. When companies sell goods or services to each other, these transactions are processed using specific B2B payment methods.

What are the most popular B2B payment methods?

The most popular B2B payment methods are invoice payments, SEPA direct debit, credit card payments and PayPal. Buy Now Pay Later (BNPL) is also becoming increasingly popular in the B2B sector. Via Mollie, all of these B2B payment methods can be offered simply and securely via a single contract.

The most popular B2B payment methods are invoice payments, SEPA direct debit, credit card payments and PayPal. Buy Now Pay Later (BNPL) is also becoming increasingly popular in the B2B sector. Via Mollie, all of these B2B payment methods can be offered simply and securely via a single contract.

The most popular B2B payment methods are invoice payments, SEPA direct debit, credit card payments and PayPal. Buy Now Pay Later (BNPL) is also becoming increasingly popular in the B2B sector. Via Mollie, all of these B2B payment methods can be offered simply and securely via a single contract.

The most popular B2B payment methods are invoice payments, SEPA direct debit, credit card payments and PayPal. Buy Now Pay Later (BNPL) is also becoming increasingly popular in the B2B sector. Via Mollie, all of these B2B payment methods can be offered simply and securely via a single contract.

B2B payment at a glance

Online business in the B2B sector has experienced a remarkable upswing in recent years. A key factor for success: efficient B2B payment methods. According to a recent study by HHL Leipzig Graduate School of Management, the most widespread and popular B2B payment methods are B2B payments on account, credit card payments, B2B direct debit and PayPal B2B.

However, another B2B payment method is on the rise: Buy Now, Pay Later.

Online business in the B2B sector has experienced a remarkable upswing in recent years. A key factor for success: efficient B2B payment methods. According to a recent study by HHL Leipzig Graduate School of Management, the most widespread and popular B2B payment methods are B2B payments on account, credit card payments, B2B direct debit and PayPal B2B.

However, another B2B payment method is on the rise: Buy Now, Pay Later.

Online business in the B2B sector has experienced a remarkable upswing in recent years. A key factor for success: efficient B2B payment methods. According to a recent study by HHL Leipzig Graduate School of Management, the most widespread and popular B2B payment methods are B2B payments on account, credit card payments, B2B direct debit and PayPal B2B.

However, another B2B payment method is on the rise: Buy Now, Pay Later.

Online business in the B2B sector has experienced a remarkable upswing in recent years. A key factor for success: efficient B2B payment methods. According to a recent study by HHL Leipzig Graduate School of Management, the most widespread and popular B2B payment methods are B2B payments on account, credit card payments, B2B direct debit and PayPal B2B.

However, another B2B payment method is on the rise: Buy Now, Pay Later.

Buy Now, Pay Later (B2B-BNPL)

The Buy Now, Pay Later option, or B2B BNPL, is a flexible, digital B2B payment method that has recently gained a lot of popularity. It allows your B2B buyers to purchase products and pay for them at a later date - either as a one-time B2B payment or in several installments according to a predetermined payment plan.

Advantages

  • Simple, fast and flexible

  • No default risk for merchants

Disadvantages

  • So far more popular with buyers with high frequency and large shopping baskets

The Buy Now, Pay Later option, or B2B BNPL, is a flexible, digital B2B payment method that has recently gained a lot of popularity. It allows your B2B buyers to purchase products and pay for them at a later date - either as a one-time B2B payment or in several installments according to a predetermined payment plan.

Advantages

  • Simple, fast and flexible

  • No default risk for merchants

Disadvantages

  • So far more popular with buyers with high frequency and large shopping baskets

The Buy Now, Pay Later option, or B2B BNPL, is a flexible, digital B2B payment method that has recently gained a lot of popularity. It allows your B2B buyers to purchase products and pay for them at a later date - either as a one-time B2B payment or in several installments according to a predetermined payment plan.

Advantages

  • Simple, fast and flexible

  • No default risk for merchants

Disadvantages

  • So far more popular with buyers with high frequency and large shopping baskets

The Buy Now, Pay Later option, or B2B BNPL, is a flexible, digital B2B payment method that has recently gained a lot of popularity. It allows your B2B buyers to purchase products and pay for them at a later date - either as a one-time B2B payment or in several installments according to a predetermined payment plan.

Advantages

  • Simple, fast and flexible

  • No default risk for merchants

Disadvantages

  • So far more popular with buyers with high frequency and large shopping baskets

Purchase on account (B2B invoice)

Classic purchase on account is a tried-and-tested B2B payment method. Customers receive the ordered products first and pay the invoice at a later date. B2B providers issue the invoice themselves, pay no fees, but also bear the risk of default.

Advantages

  • Classic, widely used B2B payment method

  • No fees

Disadvantages

  • Less simple, flexible and fast than digital B2B payment methods

  • Merchant bears default risk

Classic purchase on account is a tried-and-tested B2B payment method. Customers receive the ordered products first and pay the invoice at a later date. B2B providers issue the invoice themselves, pay no fees, but also bear the risk of default.

Advantages

  • Classic, widely used B2B payment method

  • No fees

Disadvantages

  • Less simple, flexible and fast than digital B2B payment methods

  • Merchant bears default risk

Classic purchase on account is a tried-and-tested B2B payment method. Customers receive the ordered products first and pay the invoice at a later date. B2B providers issue the invoice themselves, pay no fees, but also bear the risk of default.

Advantages

  • Classic, widely used B2B payment method

  • No fees

Disadvantages

  • Less simple, flexible and fast than digital B2B payment methods

  • Merchant bears default risk

Classic purchase on account is a tried-and-tested B2B payment method. Customers receive the ordered products first and pay the invoice at a later date. B2B providers issue the invoice themselves, pay no fees, but also bear the risk of default.

Advantages

  • Classic, widely used B2B payment method

  • No fees

Disadvantages

  • Less simple, flexible and fast than digital B2B payment methods

  • Merchant bears default risk

SEPA Direct Debit for B2B

SEPA Direct Debit for B2B offers a simple option for recurring B2B payments. Buyers give merchants direct debit authorization for this B2B payment method so that payments can be collected automatically.

Advantages

  • Ideal for recurring payments

  • Fast and straightforward

Disadvantages

  • Merchant bears default risk

  • Customers can recover payments

SEPA Direct Debit for B2B offers a simple option for recurring B2B payments. Buyers give merchants direct debit authorization for this B2B payment method so that payments can be collected automatically.

Advantages

  • Ideal for recurring payments

  • Fast and straightforward

Disadvantages

  • Merchant bears default risk

  • Customers can recover payments

SEPA Direct Debit for B2B offers a simple option for recurring B2B payments. Buyers give merchants direct debit authorization for this B2B payment method so that payments can be collected automatically.

Advantages

  • Ideal for recurring payments

  • Fast and straightforward

Disadvantages

  • Merchant bears default risk

  • Customers can recover payments

SEPA Direct Debit for B2B offers a simple option for recurring B2B payments. Buyers give merchants direct debit authorization for this B2B payment method so that payments can be collected automatically.

Advantages

  • Ideal for recurring payments

  • Fast and straightforward

Disadvantages

  • Merchant bears default risk

  • Customers can recover payments

PayPal for B2B

PayPal B2B is a trusted and widely used B2B payment method. It enables fast and secure B2B payments, which is particularly advantageous for international transactions.

Advantages

  • Fast, simple and secure

  • Security for customers and merchants

  • Very popular in the B2B sector

Disadvantages

  • Risk of account blocking

  • Many phishing emails in circulation

Klarna for B2B

Klarna for B2B brings the benefits of BNPL to the B2B sector. Buyers can pay invoices in installments with this B2B payment method, which simplifies budget management.

Advantages

  • Popular BNPL provider in the B2C sector

  • Simple, fast and flexible

  • No default risk for merchants

Disadvantages

  • Klarna B2B currently only available in Sweden, Norway and Finland

Credit card payments for B2B (B2B Visa & B2B Mastercard)

Credit cards such as B2B Visa and B2B Mastercard are among the most widely used B2B payment methods. During automated payment processing, the customer's creditworthiness is checked so that secure B2B payments can be processed both nationally and internationally.

Advantages

  • Fast, simple and secure

  • Used worldwide

Disadvantages

  • Risk of blocking due to failed security checks

Prepayment

Although prepayment is traditional, it is still preferred by many B2B providers. Buyers pay in advance before they receive products. This minimizes the risk of default for suppliers.

Advantages

  • No default risk for merchants

Disadvantages

  • Slow

B2B payments with Mollie

Overall, the choice of the best B2B payment methods depends on your target group and the specific requirements of your online store. It is often advisable to offer several B2B payment methods to best meet the needs of your B2B customers and increase your sales. In addition to the classic purchase on account, credit card and PayPal B2B, Buy Now, Pay Later payment methods (BNPL) are becoming increasingly important in the B2B sector. Mollie is a partner of Billie, the leading BNPL provider in the B2B sector. Merchants in Germany can easily integrate Billie into their online store via Mollie and activate it as one of the B2B payment methods with just one click in the Mollie dashboard. You and your B2B customers benefit from all the advantages of purchasing on account, but without having to bear the risk of default.

Most popular B2B payment methods | Mollie (2024)

FAQs

Most popular B2B payment methods | Mollie? ›

The most popular B2B payment methods are invoice payments, SEPA direct debit, credit card payments and PayPal. Buy Now Pay Later (BNPL) is also becoming increasingly popular in the B2B sector.

What are the most common B2B payment terms? ›

Common options in the B2B sector include: Net 30, 60, or 90 days: These terms can offer customers more flexibility depending on your industry and liquidity situation.

What is the payment method used in B2B? ›

The most common types of B2B payment methods are paper checks, ACH payments, wire transfers, credit cards (AP credit cards), and cash. Each B2B payment method has its own set of benefits compared to the next and here is how the different types of B2B payment methods differ.

What are 2 most common methods of payment? ›

In general, credit and debit cards are the most widely used payment method.

What is the trend in B2B payments? ›

B2B Payment Trends: Final Thoughts

Many businesses are moving away from paper checks towards digital payment methods like RTPs and virtual credit cards. These modern payment platforms can offer businesses advantages like enhanced security, more efficient processing, and cost savings.

What are the 3 types of B2B purchases? ›

Routine purchases, strategic purchases, and systems purchases represent distinct categories of B2B procurement, each with unique characteristics and implications for organizational decision-making and operations.

What is the rule of 7 in B2B? ›

What is the marketing rule of 7? The rule of seven quite simply states that it takes an average of seven interactions with your brand before a purchase will take place. This makes sense.

What is the 95 5 rule for B2B? ›

Popularized by LinkedIn's The B2B Institute, this rule posits that in most markets, only 5% of potential customers are ready to purchase at any given time, leaving the vast majority, or 95%, in a state of latency.

What are the 4.2 types of B2B buyers? ›

There are four basic categories of business buyers: producers, resellers, governments, and institutions. Producers are companies that purchase goods and services that they transform into other products.

What is the best payment method for a business? ›

Our picks for the best payment gateways
  • Stripe. Best overall payment gateway.
  • Adyen. Best omnichannel option.
  • Helcim. Best interchange-plus pricing for businesses of all sizes.
  • PayPal Payflow. Best for payment processor integrations.
  • Square. Best if you also have a storefront.

What is an example of a B2B transaction? ›

An example of B2B would be as between a wholesaler and a retailer or as between a manufacturer and a wholesaler. Unlike Business-to-Consumer (B2C) transactions, B2B deals often involve larger order quantities and more complex negotiations.

What is the B2B sales method? ›

Business-to-business (B2B) describes the process of selling products or services from one business to another. It involves understanding the specific needs and goals of the buying business and providing tailored solutions to address them.

What is the most popular method of payment today? ›

Despite the rise of digital payment methods, the majority of consumers in North America still use credit and debit cards as their primary means of payment when shopping online.

Which payment method is most successful? ›

Some of the best modes of payment in worldwide include credit card, debit card, bank transfer, direct deposit, UPI, digital payment, electronic or physical cheques, etc.

What are the 3 methods of payment? ›

What are the three main types of payment options? The three most common types of payment in today's market are credit cards, debit cards, and cash. Credit and debit card transactions involve fees paid by merchants to the card companies, but they tend to involve larger purchase amounts than cash transactions.

Which e payment mechanism is widely used in B2B? ›

Main B2B E-Payment Methods

The most common B2B payments are eChecks, credit cards, ACH, and wire transfers.

What is the most widely used technique for B2B promotion? ›

Personal selling is one of the oldest and most effective B2B marketing methods. Personal selling leverages face-to-face networking and relationships to get deals inked. This is the least scalable way to market your business to other companies, but it has the highest conversion rate.

What is the best paid advertising for B2B? ›

Which Paid Social Media Channel is Best for B2B?
  • LinkedIn Paid Social. There's a reason that 89% of B2B marketers use LinkedIn for lead generation,2 and that's because it's so effective. ...
  • LinkedIn Ads. ...
  • Sponsored Content. ...
  • Boosted Posts. ...
  • Message Ads. ...
  • Lead Gen Forms. ...
  • Facebook Ads. ...
  • Twitter Ads.

What is the most popular payment method for online shopping? ›

Top Online Payment Methods to Consider
  • PayPal. source: PayPal. PayPal is one of the biggest and most familiar online payment methods. ...
  • Amazon Pay. source: Amazon pay. ...
  • Google Pay. source: Google pay. ...
  • Apple Pay. source: Apple pay. ...
  • American Express. source: American Express. ...
  • Visa Checkout. source: VISA. ...
  • Masterpass. source: Mastercard.
Sep 6, 2024

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