The differences between B2B vs B2C payments are of interest to businesses and customers. Companies dealing with e-commerce, especially in the international arena, need to use some payment systems and business models.
Therefore, it is important to know which business model and payment system you prefer. We will examine the functioning and differences between B2B and B2C types for you. In this way, you can have more ideas about the subject by learning the differences.
Apart from B2B and B2C business models, there is also a C2C model. However, the C2C model does not attract much attention because it is not a preferred method.
Generally, the demand is for business models with B2B and B2C payment methods. For this reason, we will discuss the B2B and B2C business models rather than the C2C model.
You can learn about the two methods and the details in banking transactions.
What is B2B Payment?
B2B payments fintech is one of the curious points. It is known as a frequently preferred payment method in areas such as marketing and e-commerce. In addition, the concept known as the business model has come up frequently in recent years.
It is found as a trade model that two businesses do with each other. It is the type of business-to-business sales or marketing.
In such transactions, bank selection should be done sensitively in order to prevent damage to businesses. It will be necessary to work with expert institutions such as Jetonbank, which has a professional structure.
In digital B2B payments transactions, there is an exchange between businesses. For example, let’s take a company that sells wholesale.
Another company can buy the products of this company and sell them within its own structure. Likewise, the B2B model will be seen in the dropshipping method, which is found as dropshipping.
Let’s take a computer brand. This brand buys parts from other brands and wholesalers. However, at the end of the work, it will reflect its own brand. Thanks to digital developments, the B2B model has a very important place for the retail and wholesale relationship.
Therefore, it is among the popular and frequently used methods.
What is a B2C Payment?
In the B2C business model, there is a different functioning compared to other types such as B2B. However, since they are interconnected, B2B and B2C payments platform companies are parallel.
Generally, you are offered the opportunity to make two options from the same bank. It is simple to realise payment systems with B2B and B2C business models from banks such as Jetonbank. In the B2C business model, there is a sale from business to customer.
Therefore, it is the payment system that provides company and customer exchange.
For this reason, it is indispensable for the e-commerce network. It is one of the mandatory models especially for companies that sell products globally in other countries.
What is an Example of B2B and B2C?
Let’s give examples of B2B and B2C payments, consider a car company in the B2B model. The company procures all parts of the car from other wholesalers and small companies. As a manufacturer, it finalises the products by combining them.
Although the product has a main brand, there are actually many company relationships. In the B2B model, shopping between two companies occurs. There may even be wholesale and retail relationships from other countries.
This model is also used in the sales system without stock and by adding profit.
Thanks to its marketing capability, it is possible to progress through profit by selling the products of other companies.
To give an example of the B2C model, let’s take the company that sells clothes on an e-commerce platform. If a customer living in another country buys the clothes of that company, the B2C business model emerges.
Therefore, it will occur with customer and business exchange. In both business models, reliable banks such as Jetonbank should be worked with.
What is the Difference Between B2B and B2C in Banking?
B2B and B2C payments methods are preferred worldwide. In the B2B model and payment systems, business-to-business shopping is seen.
However, there is a different formation in the B2C business model. In this system, business-to-customer shopping emerges. For example, a customer shopping from a site selling clothes or electronic products reflects the B2C model.
The purchase of a person living in Italy from a China-based platform is a good example of the B2C model. For this reason, it is a very important and valuable business model.
However, secure bank transactions are mandatory for the business model to be healthy and payment control. Companies that offer full service such as Jetonbank should be worked with and the process should be managed successfully. The bank that distinguishes the differences between B2B vs B2C payments offers you more effective services.
If there is a wholesaler and retailer relationship, you should turn to the B2B model, and if you sell directly to the customer, you should turn to the B2C model.
What is the Difference Between B2B Payment Gateway and B2C Payment Gateway?
There are many differences in B2B and B2C payments methods. In the B2B model, there is a business-to-business formation. In the B2C business model, there is an exchange between the customer and the business.
Therefore, it would not be wrong to say that the two models are different from each other.
However, it should not be forgotten that the two models are chainrings. Take a mobile phone company for example. This company buys the parts used in the phone from another wholesaler company. The product reaches its final form by purchasing from other countries and companies. It is branded and the marketing phase begins.
In this payment method, the B2B business model is used. If the mobile phone brand brings the product to the customer, the B2C model emerges.
When the customer orders the branded and ready-made product from the digital environment, it creates the B2C type. For this reason, they are interconnected structures similar to the chain system.
However, it should not be forgotten that although they are connected, they are different from each other. Since they are serious and sensitive, they should be working with banks with high-level fintech.
At the beginning of these banks will be Jetonbank, which has a global reputation.
Which is the Best Bank to Make B2B and B2C Payments?
Best B2B and B2C payments platform is one of the most curious points of companies. While implementing the business models of companies and commercial exchanges, the need for a bank arises.
In response to these requirements, Jetonbank will always be with you. Thanks to the professional behaviour and expert staff of the bank, your company revenues are easily managed. You can provide convenience in global commercial transactions by applying the business model you want.
