Business payment methods

Payment Options

• Cash.
• Checks.
• Debit cards.
• Credit cards.
• Mobile payments.
• Electronic bank transfers.

1. What is a business payment?
2. What do businesses use for payments?

What is a business payment?

Business payments refer to the transfer of money, goods, or services to purchase a product or service. They are usually acceptable and pre-decided values between the seller and buyer, available in the invoice or contract. Usually, an invoice or bill precedes a payment.

What do businesses use for payments?

These include checks, ACH transfers, credit cards, electronic funds transfer and online payments platforms. Knowing the pros and cons of each type of B2B payment option can help you determine the right payment methods for you to use for your business based on your budget, customer base, and number of transactions.