When companies engage in online credit card processing, such as B2B credit card processing, they wonder if it is secure. The answer is that payment processing services are not just secure, but way more convenient as well. Often, these payment processing companies offer software as a service to get companies the B2B credit card processing services they need.
How is B2B credit card processing secure? One method is through Payment Card Industry compliance standards, which sets a minimum across all companies. In the case of B2B credit card processing, they mandate Level 3 processing, typically involving corporate or government credit cards. Level 3 B2B credit card processing involves detail like item type and quantity, shipping and receiving address, discount identifier, and more.
Finally, credit card processing online is more secure because it involves less paperwork. Take invoicing. Invoicing and billing can be done online, without the interference of the post office. This means bills will never get lost in the mail, and businesses can get paid on time.
B2B credit card processing is not 100 percent perfect. That is the case with any system. What B2B credit card processing is is better than any other alternative. By processing credit cards in this manner, businesses choose to liberate themselves from paperwork, and move to more secure online.