The way you process B2B payments matters. To keep your company thriving, you need a fast, reliable method for collecting payments for services rendered.

Understanding the intricacies of the B2B payments process and the solutions that can help will ensure that you’re never struggling to receive these payments. But with so many B2B payment solutions available, it can be difficult to figure out which one is the best fit for your business.

In today’s article, we’ll help you assess the most powerful business-to-business payment options out there. First, we’ll talk through how B2B payments work and how they differ from B2C payments to provide a bit of context. Then, we’ll cover 10 payment solutions that can help you get a better handle on your subscription billing. 

What are B2B payments?

Business to business, or B2B payments are the transactions between two merchants. B2B payments are conducted between corporations, startups, retailers, wholesalers, etc., with unique transactional requirements in mind. While similar to business-to-customer (B2C) payments, B2B payments have additional processes in place that make them more complex.

How B2B payments differ from B2C payments

When businesses make payments to one another, more steps are involved in processing each transaction that go beyond those traditionally found in B2C payments. These steps are in place to mitigate potential issues that arise as a result of the scale, method, and contract of B2B payments. Understanding these underlying rules help you get a handle on why certain platforms provide the features that they do.



B2B payments are traditionally much larger than B2C payments. According to Business Insider Intelligence, the size of B2B transactions will continue to increase over the next five years.

Forecasted B2B payment growth via Business Insider.

This increase in B2B payment volume is likely due to the continued rise of SaaS businesses and the general subscription-based economy.

Type of contract

B2B payments are under more scrutiny than B2C payments. There are more rules and regulations dictating how and when payments are made, as well as the payment method being used. Whether it’s contractual obligations or federal oversight, these regulations result in the need for more process standardization that typically wouldn’t exist in the business-to-consumer payments space.

Payment method

The payment method used for B2B payments is more important than the method used for B2C payments. When B2B payments fail, it means the purchasing company will likely lose a vital component of their business infrastructure. Business-to-customer payments also tend to be more variable than B2B payments, where contracts define the payment terms.
Understanding the B2B payment landscape and how it differs from B2C payment systems helps you nail down which platform is the best fit for your business.

5 ways businesses collect B2B payments

There are a number of different methods for processing payments between two businesses. We’ll explore the top 5 most common B2B payment methods and how they impact your business.

Credit cards

Credit card payments are a standard way to collect payments online for lots of businesses, including SaaS providers and ecommerce subscription platforms. While they are a reliable payment method for B2B companies, most credit card payments come with percentage fees. When you’re processing a significant volume of payments, these fees can compound quickly to become too expensive.

Some credit cards will also have a maximum transaction limit, making it impossible to process larger payments. Hitting the credit card limit can also lead to delinquent churn, one of the biggest contributors to SaaS and subscription churn.

Bank/Wire transfers

Bank and wire transfers are secure payments between financial institutions. These types of payments typically take a lot of work to set up but, once completed, are very reliable. While there are fees involved in these kinds of transfers, there is no limit to the amount that can be sent between banks.


Cheques may feel antiquated, but there are businesses that still accept them as payment. While this is a reliable and easy-to-track payment method, cheques do take a lot of time to process. There is also more room for error with handwritten paper cheques due to poor handwriting and the lack of an electronic paper trail.

Any physical form of payment like this brings up logistical issues as well. You’ll either have to deliver the cheque in person or mail it to the other business, both of which add a layer of overhead to an already complicated process.


Cash payments are the least reliable and most cumbersome method for B2B payments. Anything over a few hundred dollars will be difficult to keep track of in transit. That, combined with the fact that large cash payments have significant regulations regarding their use, makes this a very inefficient way to make B2B payments.

Payment gateways

Payment gateways are the most popular way to process B2B payments—they facilitate financial transactions for your business and make it easy to collect both subscription and one-time payments. While you’ll still rely on a third-party payment service to process these payments, the software available to facilitate these payments is built to streamline the billing process as much as possible.

That said, using a payment platform requires an understanding of exactly what features these tools offer and how they differ—as we’ll cover in the next section.

Top 10 B2B payment processors, solutions, and platforms

From payment gateways and subscription management platforms to merchant accounts and revenue recognition, there are a lot of companies offering different tools to facilitate your B2B payments. To facilitate these various processes, the payments market has grown considerably over the past few years.

Payments market map via CB Insights.

Each of these services is built to facilitate one or more aspects of the recurring billing process. Whether it’s taking payments, authorizing them for credit card companies and third-party merchants, or setting up a billing schedule, these electronic payment platforms help you get paid.

In the following section, we break down our top 10 B2B payment platforms so you’re able to assess each tool’s features and choose the right fit for your business and payment needs. We’ve included a wide range of options for businesses of any size.


Stripe is one of the most popular B2B payment processors available. Their focus on easy-to-connect integrations and an open API helps streamline the payment process by removing bottlenecks.

Overall, Stripe is an easy-to-use platform for small businesses and solo entrepreneurs. It can get pricey as your volume increases, but they do offer custom pricing as your company grows.


Braintree’s platform is built to help SaaS companies manage their subscription payments. This focus on subscription makes it an attractive solution for businesses that don’t mind the charge-per-transaction model.

Bringing together a wide range of payment methods and international support under one platform, Braintree is a great choice for businesses of any size. It can also connect with third-party payment gateways through their API if you require the ability to process certain types of payments.


Chargify is another subscription payment management platform that focuses on supporting businesses with complex billing processes that change frequently.

Chargify is a great payment provider for businesses with an existing payment infrastructure who want to handle on their subscription management better. Using its platform helps you test out different pricing structures quickly and efficiently.


Another subscription management platform, Recurly offers five different billing models to help you tailor your pricing plans to the specific type of product or service you sell.

Recurly is another B2B payment technology that’s focused on subscription management. It offers revenue recognition tools and dunning features, but they need to be used with a payment gateway to gather data. Due to its price structure, this can make its platform expensive and adds a layer of complexity to your billing infrastructure.


Chargebee is an ideal B2B payment processor for mid-sized businesses. It handles complex pricing structures efficiently and offers a full suite of subscription management and billing tools. Use these tools to refine your pricing strategy as the company grows.

This is the first platform we’ve looked at that offers a freemium tier for businesses doing up to $50,000 in revenue. Chargebee is known for its ease of use and overall customer experience.

Digital River

Digital River is an all-in-one SaaS billing platform with a reliable product offering and diverse feature suite. Its focus is on providing a platform that offers specific solutions for finance teams.

As mainly an enterprise solution, Digital River is really only a good choice for larger businesses.


NetSuite is an accounting platform with CRM and supply chain/inventory management functionality. It’s a great platform for businesses that want to report on as much data about their customer transaction as possible.

While NetSuite is a complex tool, the sheer amount of data available from its platform is impressive. You’ll be able to use this data to gain a clear understanding of how customers move through your payment process as well as how that impacts your infrastructure.


Apttus is a platform that helps you manage subscription payments throughout the sales process, from first contact all the way to completed payment.

If you’re looking for a way to visualize how prospects move through your sales process, Apttus is the perfect tool. When you can see that movement in its entirety, it’s easier to diagnose potential issues and optimize your payment cycle.


Zuora is a robust subscription management platform that is built to manage the entire customer lifecycle. It offers the most customization options for your digital payment experience.

While Zuora is a more complex tool, its benefits outweigh the initial learning curve that comes with the tool. Investigate Zuora’s add-ons and customizable options to see how you might build a robust payment online platform for your business.


Another robust platform, cleverbridge helps you control your pricing strategy across every customer touchpoint. It’s the only B2B payment solution that includes both merchant account and payment gateway features.

If your business is in a place where you understand exactly what you want from a payment platform, cleverbridge’s variety of features can help you build out a tool that’s tailored to your needs and will fit right in with your workflow.

Find the right B2B payment solution today

There’s a lot of variety in B2B payment solutions. Some will include payment gateways and a merchant bank account, while others will focus on data collection and subscription management. Whether you’re using one of the 10 B2B payment platforms we’ve talked about today or another of your choosing, always choose a tool that fits your business’ needs. With the right platform, you’ll have no trouble building and maintaining a pricing strategy that helps your business grow.

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