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Netevia launches vendor payments solution for B2B sales

Thursday 14 June 2018 | 02:51 PM CET

Net Element, a US-based technology and value-added solutions group, has announced the extension of its Netevia platform.

Net Element supports electronic payments acceptance in a multi-channel environment including point-of-sale, ecommerce and mobile devices,

Netevia’s features now include:

  • electronic payments delivered using a single-use dynamic credit card number. These payments can only be processed by the designated single vendor for a specific amount;

  • coupling with existing accounting systems, without requiring complex setup or integration;

  • 24/7 customer support by phone, email or live chat.

According to Statista’s 2017 B2B Ecommerce report, B2B business is now dwarfing that of the B2C business. Global B2B sales are estimated at USD 7.7 trillion, compared to USD 2.3 trillion in B2C sales. Netevia’s vendor payments solution streamlines B2B payments by upgrading payment processes and reducing the costs to send payments through a web and mobile platform interface.

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