If you work with business-to-business customers, you know that they value easy and clear processes. This is especially true when it comes to payments. Nobody likes to waste their time filling out endless forms or waiting on delayed transfers.
The B2B market is vast, but there’s something each participant has in common. Whether it’s suppliers, manufacturers, distributors, shippers, wholesalers, or any other type of business, everyone has to send and receive payments.
If several of your business partners send you payments on a regular basis, you’ve most likely already encountered some difficulties, especially if those payments need to cross borders.
High wire fees, tedious processes, and uncertain transfers are just a few examples of what can (and will) go wrong with global wire transfers.
But now, thanks to the advance of financial technology (FinTech), there’s a way you can integrate painless payments into your B2B relationships.
Request Payments API
If your business partners grumble about costly and time-consuming international transfers whenever they get an invoice from you, introduce them to Veem’s Payment Request API.
What’s an API?
Simply put, an API (application programming interface) is a software that allows two platforms to communicate with each other.
Veem’s API allows you to integrate your accounting, supply chain, marketplace, or any other business software with our payment platform. Once the initial integration is done, you can generate invoices, track all your transactions in real time, and enjoy the convenience of fast and secure international payments.
How Does It Work?
The Payment Request API mainly helps you by eliminating the long checkout forms. Your business partners won’t have to fill out online payment documents, or worry about their transfer arriving on time. Veem’s API does all the work.
Whenever you send an invoice, your partners get an email that directs them to their Veem dashboard. If it’s their first time paying you, they need to fill out their bank information.
From then on, you can exchange payments with just a click of your mouse. It’s a win-win situation: no more checkout forms, credit card or wire fees for your business partners, and no more waiting around for payments to arrive.
If your business partners decide to integrate Veem’s API into their business software, the process will become seamless.
Besides painless payments, Veem’s API offers more advantages for both you and your business partners.
Veem charges no wire fees, and offers competitive foreign exchange rates. This saves considerable amounts of money for both parties, since wire and landing fees are a given with any bank transfer. Not to mention saving you from the bad foreign exchange rates banks tend to offer their customers.
Thanks to its unique multi-rail technology, Veem always sends the transfer via the most cost-effective, safe, and fast route, saving you more time and money. One of those rails is the blockchain, which guarantees payment safety at all times. Nobody can get to your money.
You can track all your transactions through your personal dashboard, allowing both parties to predict the transfer’s arrival and take the guesswork out of international payments.
Contact Veem’s API team to bring painless payment requests to your business.
This content was originally published on the Veem blog. Check it out for more information and exclusive articles.