In the B2B tug of war between buyers who want to hold onto their cash for as long as possible versus suppliers who want to be paid as quickly as possible, virtual cards offer a digital solution that bridges the gap and meets both preferences with smoother, more secure payments without the risks of paper checks.
For suppliers, virtual cards are a significant improvement over traditional paper checks or wire transfers, which can take days or weeks to process. Even ACH transfers can experience delays, particularly for international transactions.
Benefits of Virtual Cards for Suppliers
- Fast Payments. Instead of waiting for payments to clear, suppliers receive payments almost instantaneously.
- Quicker Access to Funds. Suppliers can reinvest funds in inventory, equipment or growth initiatives without resorting to costly financing options.
- Greater Security. Digital payments are significantly more secure than paper checks, reducing fraud.
- Easier Payment Reconciliation. Virtual card payments are automatically linked to specific invoices, making it easier to reconcile accounts, particularly when dealing with bulk transactions or inconsistent remittance details.
- System Automation. Virtual card payments can be automated into backend accounting systems, eliminating manual labor.
Benfits for Both Suppliers and Buyers
Both suppliers and buyers gain financial and efficiency benefits as well as significantly reduced fraud risks. In addition, automated reconciliation processes improve cash flow management and flexibility compared to traditional payment methods, such as paper checks or wire transfers.
According to the 2024–2025 PAYMNTS Intelligence report, integration of suppliers improves cash flow for both buyers and suppliers, creating more efficient B2B payment ecosystems.
Virtual Payment Transactions Predicted to Grow 340 Percent by 2027
Juniper Research predicts that adoption of virtual B2B payment methods will explode over the next two years, with global market transaction volumes expected to grow 340 percent to exceed $121 billion. B2B payments are expected to account for 71 percent of the total transaction value. In fact, virtual payments are predicted to exceed $9 trillion in 2027, a 280 percent increase from 2022, according to the report.
How PayNation Can Help
Partnering with PayNation delivers revenue-generating benefits, helping increase your business and residual revenue while capturing a portion of the trillions of dollars in virtual card payments. Benefits include:
- Higher Satisfaction. Get more with PayNation’s B2B virtual card payments, resulting in greater client satisfaction.
- Omnichannel Payments. PayNation supports real-time, eCommerce, mobile, ACH, virtual and purchase cards anywhere goods or services can be purchased.
- Frictionless Integration. ERP, CRM and accounting software aligns seamlessly with PayNation’s payment solutions, ensuring a flawless user experience.
- Business Retention. Reduce churn and retain valuable business with a seamless payment experience.
- Data Protection. PayNation takes compliance and data protection seriously, meeting and exceeding industry standards for peace of mind.
When you partner with PayNation, you become part of our extended family. We offer unwavering support, a dedicated integration team and a revenue-sharing deal to set you up for success.
Want to get started with digital payments?
Let PayNation help you increase your business while capturing increased revenues. We offer transparent, low and competitive fees with no hidden or registration costs.
Join PayNation Today!
Whether you currently have a payments processor or are new to B2B payments, connect with PayNation today and provide your buyers and suppliers with the digital payments support they need for the cutting-edge payments solutions of today.
With competitive rates, wide range of B2B products and services, excellent customer service and easy-to-use platform, PayNation can help increase your profitability and grow your business.
