B2B Payments: How to Reduce Friction and Speed Up Transactions with MyBank

In B2B, payment is part of the business process

In B2B e-commerce, payment isn’t simply the final step in the checkout process.

Transactions can involve very large amounts, include down payments, multiple invoices, and different payment dates, and may involve buyers, administrative staff, logistics teams, and sellers.

For this reason, payment systems represent one of the main differences between B2B and B2C e-commerce.

In this webinar, Andrea Bosio of Rewix and Riccardo Porta of MyBank analyze how B2B payments are evolving and which tools can help companies make the transaction closing process more efficient and digital.

The Main Complexities of B2B Payments

The webinar highlights several typical elements of business-to-business transactions:

• large amounts;
• the need to manage down payments and guarantees;
• multiple invoices associated with the same business relationship;
• administrative reconciliation;
• privacy and confidentiality;
• decision-making processes involving buyers and administration;
• limitations of payment tools designed for B2C.

Beyond Credit Cards

In B2B, bank transfers continue to play a central role.

However, traditional bank transfers have significant limitations when integrated into a digital sales process:

• manual data entry;
• verification times;
• reconciliation difficulties;
• inability to immediately release the order.

MyBank was created to make bank transfers better suited for e-commerce.

How MyBank Works

The user selects MyBank as the payment method and is redirected to their online banking portal.

The bank transfer form is already pre-filled, and after authentication, it can be authorized directly by the customer’s bank.

The merchant immediately receives confirmation that the payment has been initiated.

This allows you to:

• automatically reconcile the payment with the order;
• reduce administrative tasks;
• immediately release the order for processing;
• speed up logistics and shipping;
• handle high-value transactions;
• reduce the risk of chargebacks.

Payment Links Even Without a Checkout

Another interesting feature is the ability to use payment links.

Even a company that does not yet have a full-fledged B2B checkout can send a payment request via email or SMS, allowing the customer to complete the transaction online.

The payment link can also be used for:

• payment reminders;
• unpaid invoices;
• orders collected offline;
• sales processes managed by agents;
• hybrid transactions between traditional and digital channels.

Integration with Rewix

Rewix natively integrates with MyBank.

For customers using compatible payment gateways, activation can therefore be particularly straightforward.

This allows the following to be incorporated into the B2B process:

• immediate payment confirmation;
• automatic reconciliation;
• handling of large amounts;
• reduced administrative time;
• faster order fulfillment.

Payments as a Conversion Lever

A payment method better suited to B2B benefits more than just administration.

It can also improve:

• conversion rates;
• buyer trust;
• cash flow;
• inventory management;
• the ability to serve new customers;
• the overall purchasing experience.

Payment thus becomes a strategic component of the B2B customer experience.

Watch the webinar and discover how to make closing transactions in your B2B e-commerce platform simpler, safer, and faster.