It is well known that the propensity to pay is inextricably linked to the convenience of payment. Card payments offer payers convenience, but being subject to high fees, slow settlement times and chargebacks remain unattractive to B2B merchants, often operating on low-profit margins. While bank transfers, though cheap and instant, are subject to human error and inertia.
Many companies have successfully focused on improving B2C payments, like PayPal, Stripe, etc, but B2B payments have been neglected, cross-border B2B payments more so. It is time they caught up.
