B2B Payments (Business-to-Business)

B2B payments refer to transactions that occur between two or more businesses. This form of payment is typically part of the operational processes where one business, such as a manufacturer, makes payments to another, like a wholesaler, for goods or services such as raw materials. Another common scenario includes a retail business making payments to a property management or rental company for leasing store space. B2B payments can involve various payment methods, including wire transfers, ACH transfers, credit cards, and increasingly, digital payment platforms that cater specifically to business needs. These transactions are crucial for the cash flow and financial operations of companies, often involving larger sums and more complex arrangements than consumer transactions. B2B payments are integral to maintaining the supply chain and operational efficiency in the commercial sector.