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The Benefits of Electronic Payments for B2B Transactions

In the digital age, businesses are increasingly moving away from traditional payment methods such as checks and cash, and adopting electronic payment methods for B2B transactions. Electronic payments offer numerous advantages over traditional payment methods, making them an ideal choice for businesses looking to streamline their payment processes and improve cash flow. What are the benefits of electronic payments for B2B transactions? Faster payment processing Electronic payments are processed much faster than traditional payment methods. With electronic payments, the payment is transferred directly from the payer's bank account to the payee's account, eliminating the need for physical checks or cash. This significantly reduces payment processing time, allowing businesses to receive payments faster and improve cash flow. Increased convenience Electronic payments offer increased convenience for both the payer and the payee. With electronic payments, businesses can make and recei

Options for Accepting International Payments

There are few choices when trying to set up international payments for your ecommerce website. PayPal and Stripe are great options for those that don't have a merchant account but still want to accept transactions from international customers.

If you need to accept payments from most countries PayPal is the clear winner, but there are still some countries that are not supported.. At the time of this writing there are 203 markets and 26 currencies available. See the full list here at the PayPay Global web page.

Countries not supported by PayPal included:
  •     Afghanistan
  •     Bangladesh
  •     Central African Republic
  •     North Korea
  •     Equatorial Guinea
  •     Ghana
  •     Haiti
  •     Iran
  •     Iraq
  •     Lebanon
  •     Liberia
  •     Libya
  •     Myanmar
  •     Pakistan
  •     South Sudan
  •     Sudan
  •     Syria
  •     Timor-Leste / East Timor
  •     Uzbekistan

The newcomer Stripe is in the process of adding more countries all the time. Currently your business must be based in one of the following countries in order to use their international payment processing services.
  • Australia
  • Canada
  • Denmark
  • Finland
  • Ireland
  • Norway
  • Sweden
  • United Kingdom
  • United States
Stripe does have private betas running that support payment processing from other countries.

There are many other considerations involved with supporting international payments on your eCommerce website like currency conversion rates, foreign transaction fees as well as a host of other items you'll need to review. One of the first steps will be to find the countries and currencies you'll want to support and make sure your selected payment processor supports them. 


It provides the best service for the online transaction and it's also expanding service overall the world. Nowadays, Free Merchant Account Payment Gateway is also a best option for the transaction and you can try it.

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