B2B PAYMENTS‎

Boost cashflow and speed up payments

Join our exclusive B2B event to:

Optimise working capital

Speed up onboarding

Strengthen supplier-buyer relationships

Reduce credit exposure  & fraud

Improve market positioning

Don't miss this opportunity to future-proof your business

Reduce your payment problems

£61 billion in late payments is owed to UK businesses. Unless you’re one of the lucky 13% of businesses always paid on time, here are six ways card payments can relieve your payment headaches.

Payment pain point

Late payments

Buyers often pay weeks or months after the invoice date.

Payment uncertainty

Suppliers don’t always know when they’ll get paid or if a payment is even being processed.

Processing costs

Traditional methods like cheques or bank transfers can have processing fees or require manual labour.

Time saving

Manual processing of payment orders can waste valuable time.

Fraud vulnerability

Paper cheques can be lost or stolen. Bank account numbers can be exposed.

International payments

International payments are often delayed or come with surprise fees.

How card payments help

Fast processing

Card payments are processed faster than cheques or bank transfers.

Instant notification

Suppliers see card payments instantly or get notifications when a card is used.

Automated process

Card payments cut down on manual steps.

Instant audit trail

Card transactions automatically record all bookkeeping information.

Reduced fraud

Card payments reduce the risk of fraud because no sensitive information is exposed.

Automatic currency conversion

Cards can handle currency conversion automatically and often have fewer delays than traditional bank transfers.

B2B payments in numbers

71%

of retail suppliers receive payments on time.[1]

62%

of late payments in financial services are caused by  fraud checks.[2]

75%

of healthcare businesses struggle with  working capital.[3]

71%

of manufacturing businesses rely on manual processes.[4]

91%

of professional services businesses lack visibility of payment progress.[5]

69%

of technology firms suffer slow transactions speeds. [6]

Innovating for the future

Convenience

Card payments require fewer manual steps and a lot less chasing.

Security

You’re protected by advanced fraud prevention.

Real time payments

Better cash flow and working capital fuels business growth.

Choice and flexibility

Offering digital payments can improve customer relations.

Sources:  [1] Dun & Bradstreet B2B Payment Practices Report, 2022
[2] Intrum European Payment Report, 2023
[3] PwC Working Capital Report, 2023
[4] Tungsten Network Report, 2021
[5] UK Government & BACS, 2023
[6] Tungsten Network Report, 2021