B2C Payments
B2C (Business-to-Consumer) payments are transactions made by a business to its customers or workforce.
Frequently Asked Questions
Common examples include incentives to entice consumers to buy a product; refunds, in which a business returns some of the consumer’s money; and legal settlement payouts following a class action lawsuit.
While checks have long been the traditional choice for many kinds of B2C payments, many businesses now recognize the advantages of digital and electronic payment methods. Virtual and physical cards, ACH and push-to-card payments are several popular options.
Business-to-business (B2B) payments are transactions made between businesses, whereas B2C payments are made from businesses to their customers or workforce. These transaction types differ based on the recipient, the reason for the payment and often, the level of complexity involved in processing the payment.
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