Affordable, Efficient Commercial Card Acceptance
We partnered with a leading processor of commercial card payments. Our Merchant Services partner pays less to process credit cards while delivering enhanced data.
A Buyer-Initiated Payment (BIP), also known as straight-through processing (STP), is a business-to-business credit card transaction. BIPs do not require a point of sale terminal, hardware or software. You receive the payment as a direct settlement into your merchant account, along with an electronic notification of the payment.
Supplier-initiated payments (SIP) relies on the supplier to retrieve card information. That information is then keyed into a payment terminal by the supplier to ‘pay themselves’.
Buyer-initiated payments pushes the card payment directly into the merchant account, eliminating exception handling by the supplier.