B | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Tue, 05 Nov 2019 07:42:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg B | Bm2Pay https://www.bm2pay.com 32 32 B2B https://www.bm2pay.com/2019/11/05/b2b/ https://www.bm2pay.com/2019/11/05/b2b/#respond Tue, 05 Nov 2019 06:00:43 +0000 https://www.bm2pay.com/?p=3703 B2B, which stands for Business-to-Business, refers to commerce between two enterprises as opposed to transactions between a business and an individual customer. The size of most B2B transactions is larger than B2C (Business to Consumer) transactions because generally an enterprise will be seeking to buy a large inventory of items to sell to end users. B2B purchasing may also involve raw materials used to manufacture finished products or services. B2B deals may be subject to bidding processes and negotiations, so payments are rarely immediate.   READ MORE YOUR GUIDE TO BASIC TERMS IN THE PAYMENT INDUSTRY  

The post B2B first appeared on Bm2Pay.]]> B2B, which stands for Business-to-Business, refers to commerce between two enterprises as opposed to transactions between a business and an individual customer. The size of most B2B transactions is larger than B2C (Business to Consumer) transactions because generally an enterprise will be seeking to buy a large inventory of items to sell to end users. B2B purchasing may also involve raw materials used to manufacture finished products or services. B2B deals may be subject to bidding processes and negotiations, so payments are rarely immediate.

 

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YOUR GUIDE TO BASIC TERMS IN THE PAYMENT INDUSTRY

 

The post B2B first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/11/05/b2b/feed/ 0 B2C  https://www.bm2pay.com/2019/11/05/b2c/ https://www.bm2pay.com/2019/11/05/b2c/#respond Tue, 05 Nov 2019 06:00:08 +0000 https://www.bm2pay.com/?p=3706 The term Business-to-Consumer (B2C) refers to the process when a company sells products and services directly to consumers who are their end-users. Most enterprises that sell to consumers can be referred to as B2C companies. B2C payments can take various forms: many B2C transactions take place on websites, where consumers buy products directly from online retailers. Today, many B2C purchases are conducted on mobile apps. When dealing with cross-border payments, businesses should offer familiar payment methods at each location and generate personal relationships with customers.   READ MORE: YOUR GUIDE TO BASIC TERMS IN THE PAYMENTS INDUSTRY

The post B2C  first appeared on Bm2Pay.]]> The term Business-to-Consumer (B2C) refers to the process when a company sells products and services directly to consumers who are their end-users. Most enterprises that sell to consumers can be referred to as B2C companies. B2C payments can take various forms: many B2C transactions take place on websites, where consumers buy products directly from online retailers. Today, many B2C purchases are conducted on mobile apps. When dealing with cross-border payments, businesses should offer familiar payment methods at each location and generate personal relationships with customers.

 

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YOUR GUIDE TO BASIC TERMS IN THE PAYMENTS INDUSTRY

The post B2C  first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/11/05/b2c/feed/ 0 BANK WIRE/WIRE TRANSFER https://www.bm2pay.com/2019/10/22/bank-wire-wire-transfer/ https://www.bm2pay.com/2019/10/22/bank-wire-wire-transfer/#respond Tue, 22 Oct 2019 04:00:54 +0000 https://www.bm2pay.com/?p=3668 A bank wire is an electronic message system, which enables banks to communicate regarding various actions or developments connected to client accounts. A wire transfer, on the other hand, constitutes the electronic transfer of funds across a network, which may contain a large global group of bank administrators. Wire transfers enable individuals or businesses in different geographic locations to safely transfer money to various entities.    READ MORE: YOUR GUIDE TO BASIC TERMS IN THE BANKING SECTOR

The post BANK WIRE/WIRE TRANSFER first appeared on Bm2Pay.]]> A bank wire is an electronic message system, which enables banks to communicate regarding various actions or developments connected to client accounts. A wire transfer, on the other hand, constitutes the electronic transfer of funds across a network, which may contain a large global group of bank administrators. Wire transfers enable individuals or businesses in different geographic locations to safely transfer money to various entities. 

 

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YOUR GUIDE TO BASIC TERMS IN THE BANKING SECTOR

The post BANK WIRE/WIRE TRANSFER first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/10/22/bank-wire-wire-transfer/feed/ 0 BLOCKCHAIN https://www.bm2pay.com/2019/02/05/blockchain/ https://www.bm2pay.com/2019/02/05/blockchain/#respond Tue, 05 Feb 2019 10:55:00 +0000 https://www.bm2pay.com/?p=2133   Blockchain can be defined as a chain of data blocks. The “block” is made up of digital data containing a hash which is stored in the “chain” – a public database. When transactions are conducted, they form this chain which cannot be altered once it is formed. The main advantage of using this system for financial transactions is that the structure is decentralized. When it comes to credit card payments, for example, decentralization enables cutting out costly intermediaries. Cross-border transaction fees would also be reduced because buyers would not have to pay banks fees for using their services abroad. Due to the lowering of cross-border fees, small and medium businesses would be able to afford to scale to global markets.   READ MORE: 5 PAYMENT PREDICTIONS FOR 2019 NEW EU REGULATIONS TO REVOLUTIONIZE CROSS-BORDER PAYMENTS    

The post BLOCKCHAIN first appeared on Bm2Pay.]]>  

Blockchain can be defined as a chain of data blocks. The “block” is made up of digital data containing a hash which is stored in the “chain” – a public database. When transactions are conducted, they form this chain which cannot be altered once it is formed. The main advantage of using this system for financial transactions is that the structure is decentralized.

When it comes to credit card payments, for example, decentralization enables cutting out costly intermediaries. Cross-border transaction fees would also be reduced because buyers would not have to pay banks fees for using their services abroad. Due to the lowering of cross-border fees, small and medium businesses would be able to afford to scale to global markets.

 

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5 PAYMENT PREDICTIONS FOR 2019

NEW EU REGULATIONS TO REVOLUTIONIZE CROSS-BORDER PAYMENTS

 

 

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