What is the benefit of BtoB payment institutions? These online payment institutions are the new players in the financial system. They are not banks per se. However, they offer different benefits and services adapted to the needs of professionals (and also individuals). Discover all the benefits of BtoB online payment institutions!
The cost of the service
The term “neobank” which designates them can sometimes be confusing. Indeed, these online payment institutions do not have a banking license to authorize overdrafts or even grant loans. These are institutions approved to provide payment services.
These legal entities operate in France under the supervision of the Autorité de Contrôle Prudentiel et de Régulation (ACPR) and have an authorization to operate.
They mainly make it possible to make transfers and to make means of payment available. These structures also allow you to make deposits and withdrawals of money from your account. It is now possible to open a pro account online in a simple and fast way.
The first advantage of using an online payment institution for a business or professional is the cost of the service.
The speed of services
Between the appointment to be found, the trip to the branch and the number of files handled manually by the advisers, the time taken to serve a customer in a traditional bank is more or less long. This does not always help companies that need to move quickly.
The evolving market
In 2010, the ACPR opened the payment market to these new establishments, which were able to adapt quickly to customer needs by offering innovative payment services for professionals and businesses in France.
These online payment institutions focus on meeting the new needs of businesses that aspire to greater reliability, efficiency, and speed in a rapidly changing market.
Easy account management
It is also important to note that account management is easy and intuitive.
Indeed, all these establishments have, with a few variations, similar, simple, and ergonomic online management interfaces.
- verification of transaction history;
- transfers;
- the management of bank cards (activation, change of ceilings)…