Since many transactions are now carried out electronically, there is a need for electronic payment systems. Therefore, using a B2C payment system makes the lives of individual customers much easier.
B2C business-to-customer payment systems are electronic payment services that enable financial transactions between the company and the customer. The most widely used B2C payment system today is credit and debit cards.
Thanks to these systems, customers can make their card purchases and payments using the banks to which the cards are linked and withdraw money from their accounts.
B2C, that is, business-to-customer payment systems enable transactions such as electronic transfers, EFT, regular payments as well as card payments.
As Jetonbank, especially the increase in online shopping today has caused B2C payment systems to become more widespread. As a result of the technological opportunities increasing day by day, the usage areas and types of B2C payment systems are expected to increase.
What is a B2C Payment System?
B2C payment systems carry out financial transactions between companies and their customers electronically. Thanks to B2C payment systems, customers can now perform their transactions faster and more reliably.
The most important advantage of B2C payment systems is that they are independent of time and space. Customers can easily carry out transactions such as payments, money transfers and remittances electronically at any time and from anywhere.
With the widespread use of credit cards, B2C payment transactions have become more and more preferred every day.
Especially in recent years, the widespread use of e-commerce sites and the shift of most shopping to online platforms have increased the demand for B2C payment systems.
Although B2C payment systems make our lives easier, personal data protection and security issues should also be taken into consideration in connection with these systems.
Therefore, as Jetonbank, we believe that organizations offering B2C payment systems should have strong security infrastructures and data protection policies. Increasing security technologies will expand the use of B2C payment systems.
B2C Payment Gateway and Features
Jetonbank's primary payment gateway provides fast and secure customer payments. The B2C payment gateway allows you to make fast, easy, and secure payments worldwide by credit card and other alternative payment methods.
All online payments are protected using 3D Secure and SSL/TLS 256-bit encryption. This allows customers to shop and pay with confidence.
B2C allows you to convert to over 200 currencies worldwide instantly. Merchants can receive payments from customers worldwide in their local currency and instantly convert them to any currency they choose. It helps them stay competitive in international markets and expand their customer base.
Jetonbank's B2C payment service offers seamless customer service and advanced reporting tools. Detailed transaction reports and access to payment statistics help merchants analyze their profitability and improve their business.
What is the Difference between B2B and B2C Payment Gateway?
Jetonbank has developed an online banking platform that enables Internet banking and electronic stock transactions in many countries. Online banking services include deposit accounts, checkbooks, credit cards, transfers, asset management, forex transactions, commodity transactions, and stock transactions.
The difference between B2B and B2C payment types is primarily due to the difference in customer profiles using the payment system.
B2B payment gateways are generally used for the day-to-day business transactions of commercial firms, allowing money to be transferred between commercial firms by confirming the identity of the firms.
B2C payment gateways, on the other hand, are used between customers and merchants and offer solutions for individual payments. While transaction security is more important in B2B payment gateways, B2C payment gateways are more user-friendly.
Which Payment System is Best for B2C Transaction?
Many payment systems are used for B2C transactions. Among the payment systems used, credit card transactions, e-wallets, wire transfers and EFT are more widely preferred. Increasing technological opportunities cause online banking services to progress rapidly and payment systems to develop rapidly.
Today, credit cards are one of the most practical payment instruments used for person-to-person B2C transactions. Credit card payments are a very convenient payment method for consumers and sellers in buying and selling transactions.
However, mobile payment methods and digital wallets are also very convenient for B2C payments. Mobile payment applications allow consumers to shop and control their payments through smartphones without needing a physical card.
Similarly, digital wallets provide convenience in both online and in-store shopping. Therefore, credit cards, mobile payment methods, and digital wallets are among the most widely used payment instruments in B2C transactions as they provide many advantages to consumers.
Especially in terms of speed, convenience, and security, these payment systems stand out as the methods that best meet the needs of consumers.
What is B2C Banking?
B2C banking covers the products and services offered by banks to individual consumers. Today, many banks offer consumer banking services through branches and digital channels. The relatively faster-developing channel of B2C banking is digital banking.
With the rapid advancement of digitalization, consumers' needs and expectations are also changing. Being able to receive services without being dependent on time and place is very important for consumers.
At this point, digital banking and mobile banking services have become the most preferred channels in retail banking. In this way, consumers can benefit from banking services 24 hours a day.
On the other hand, banks are also increasing their investments in B2C digital banking as they can offer low-cost services through digital channels. Therefore, there will be significant increases in the variety and utilization rates of B2C digital banking services in the coming years.
What is Self-Service Banking?
Self-service banking is a service model where customers can perform banking transactions independently. This service model, which emerged from branch banking to digital banking, provides many benefits for banks and customers.
Thanks to self-service banking, customers can perform their banking transactions 24/7, regardless of time and place. On the other hand, banks, which gain cost advantages, can increase customer satisfaction.
Self-service banking includes services offered through digital channels such as ATMs, internet banking, and mobile banking.
One of the most widely used channels of self-service banking is ATMs. Through ATMs, customers can easily perform many transactions, such as withdrawing, depositing, making payments, etc.
Similarly, internet and mobile banking also support the self-service model in banking services such as fund transfers, bill payments, and checking account transactions.
As a result, services offered through self-service banking channels reduce the need for customers to visit banks and save time. In this way, customers can access banking transactions quickly and easily from anywhere. To learn more and open an account now, join Jetonbank!
