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B2B Payment Services – Will It Help Your Business Grow?

Business-to-business (B2B) payment services have been around for some time, helping businesses make fast and secure transactions with each other, such as paying suppliers and distributors.

However, as B2B payment services move online, businesses have more options and alternatives to choose from. Especially in Singapore, where technology is advancing rapidly, businesses and businesses are also following the trend and hopping on to these easy, convenient and intuitive B2B payment services to assist them in the transaction process while offering numerous perks and benefits. must enjoy.

What value can B2B payment services bring to your business?

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B2B payment services and platforms are popular among SMEs and SMEs in Singapore, adding value to many businesses. If you are a small business in Singapore, you may be able to benefit greatly from some of these payment services.

1) Enjoy big savings

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With the introduction of these B2B payment services and platforms in Singapore, businesses no longer have to follow the traditional route of money transfers, such as through banks.

Depending on the B2B payment provider you choose, you can save significant fees on fees typically associated with corporate credit cards. These charges include:

  • Annual fee
  • Foreign Exchange Transaction Fee (FX Fee)
  • Transfer fee

2) Earn great cashback and rewards

card replacement

Some of the best B2B payment services available Airwallex, also offers high cashback rates to help you win business for your spending. What’s more, cashback is unlimited and you get 1% cashback on every transaction.

This allows you to maximize your profits while reducing your costs, and these financial payment services are very useful for your business here.

3) Ease of international trade

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International trading is becoming more and more popular and prevalent for companies to expand outside of Singapore and grow start-ups to higher levels. However, one of the problems many startups face is the high FX fees and somewhat complicated procedures involved with international money transfers.

However, with BtoB payment apps and services, online payments can be completed with a single click. Additionally, many of his B2B payment platforms offer free or low FX trading fees for foreign transactions, helping businesses maximize value from these platforms.

4) Seamless Access and Convenience

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In addition to economical perks, many of these B2B payment services offer great convenience for users and businesses who want seamless network and access.

Unlike many traditional corporate cards, many B2B payment services offer accounting automation, including integration with custom software such as Xero, Quickbooks, and Netsuite. This cutting-edge feature allows you to synchronize transaction information and track all these accounting data for analysis and audit.

B2B payment app in Singapore

B2B payment app in Singapore

If you’re a SME in Singapore looking for the best B2B payment app to streamline your payment transactions and operations, look no further. Check out the best SME credit cards for small businesses in Singapore for the best payment methods and alternatives. If you’re just embarking on your startup journey, a small business loan might also apply.

Below are some of our top picks for financial services for SMEs and corporates in Singapore. These financial services offer a variety of perks and perks at affordable prices.

Airwallex

Airwallex
  • Annual fee:
  • stand out: First month cash backup
For businesses looking for an account to seamlessly manage their expenses, Airwallex is the perfect fit. With a monthly fee and setup fee of S$0, this card is a highly accessible card suitable for SMEs and businesses in Singapore. International transactions are also hassle-free with 0% international transaction fees.

You don’t have to worry about payment security either. Fully PC1 Level 1 compliant, so you don’t have to worry about losing money due to fraudulent activity. Airwallex helps you deposit funds into a secure ring-fenced account with accessible funds and procedures based on the highest international standards.

A one-stop solution for your business, Airwallex allows you to get unlimited rewards and cashback with no minimum transaction volume. Other perks you can enjoy include syncing your expenses to Xero, payment links for easy payments, and integrations to online platforms like Amazon, eBay, Shopify, and PayPal.

Limited time promotion through September 30, 2022, eligible customers will receive a cash rebate equal to 1% on all qualifying domestic and international transactions made using their Airwallex card during the promotion period. eligible to receive. Sign up with Airwallex before the promotion ends!

Airwallex
  • Annual fee:
  • stand out: First month cash backup
For businesses looking for an account to seamlessly manage their expenses, Airwallex is the perfect fit. With a monthly fee and setup fee of S$0, this card is a highly accessible card suitable for SMEs and businesses in Singapore. International transactions are also hassle-free with 0% international transaction fees.

You don’t have to worry about payment security either. Fully PC1 Level 1 compliant, so you don’t have to worry about losing money due to fraudulent activity. Airwallex helps you deposit funds into a secure ring-fenced account with accessible funds and procedures based on the highest international standards.

A one-stop solution for your business, Airwallex allows you to get unlimited rewards and cashback with no minimum transaction volume. Other perks you can enjoy include sync fees to Xero, payment links for easy payments, and integrations to online platforms like Amazon, eBay, Shopify, and PayPal.

Youbiz

Youbiz
  • Annual fee:
  • stand out: First month cash backup
YouBiz Corporate Card is another corporate card for your business that will help you take your business to the next level.

With YouBiz, you can grow your business globally without paying any hidden cross-border fees. Enjoy unlimited cashback with no FX fees! With a variety of built-in features such as multi-currency accounts, domestic and international money transfers, corporate expense management, seamless bill payments, and other credit features, the YouBiz card is simply the best! A one-stop corporate card.

Youbiz
  • Annual fee:
  • stand out: First month cash backup
YouBiz Corporate Card is another corporate card for your business that will help you take your business to the next level.

With YouBiz, you can grow your business globally without paying any hidden cross-border fees. Enjoy unlimited cashback with no FX fees! With a variety of built-in features such as multi-currency accounts, domestic and international money transfers, corporate expense management, seamless bill payments, and other credit features, the YouBiz card is simply the best! A one-stop corporate card.

Boropay

Boropay
  • Annual fee:
  • stand out: First month cash backup
Volopay is a money transfer service for businesses, offering seamless business financial transaction services such as competitive money transfers and credit card packages.

For transfers over S$10,000, Volopay offers the lowest rates and also offers 2% cashback when using a Volopay credit card. Paying your bills is also easy because it’s automated, and there are no minimum or maximum transaction limits that can interfere with your business flow.

Boropay
  • Annual fee:
  • stand out: First month cash backup
Volopay is a money transfer service for businesses, offering seamless business financial transaction services such as competitive money transfers and credit card packages.

For transfers over S$10,000, Volopay offers the lowest rates and also offers 2% cashback when using a Volopay credit card. Paying your bills is also easy because it’s automated, and there are no minimum or maximum transaction limits that can interfere with your business flow.

Conclusion

B2B payment services are currently gaining popularity among businesses in Singapore and you should start using them too. Unlock features like extra security, low costs and fees, seamless convenience, and enjoy impressive rewards with these B2B platforms to further your business today!

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post B2B Payment Services – Will It Help Your Business Grow? first appeared The Independent Singapore News – Latest breaking news

https://theindependent.sg/b2b-payment-services-will-they-help-you-to-grow-your-business/ B2B Payment Services – Will It Help Your Business Grow?

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