Why You Should Increase Credit Card Acceptance

If your B2B company relies heavily on check usage, you’re suppressing cash flow, creating more work for your staff, and leaving you and your customers vulnerable to fraud. The pandemic made checks an impractical payment method, encouraging businesses to embrace the convenience of credit card transactions. 

This blog explains how increasing card acceptance and usage can be beneficial to you as well as your customers.

1) Faster payments

The quicker you get paid, the quicker you get the capital required to grow your company. You don’t have time to wait for a check to arrive in your mailbox, especially if holidays, vacations, and weekends get in the way. 

The money reaches your account much faster because credit cards process quicker than paper checks. Credit cards also remove friction from the payment process because customers can leverage features like AutoPay and pay balances by simply clicking a button, especially if you use Bill360 to automate your accounts receivable (AR) process. 

With Bill360, your customers can set up, manage, and securely store banking and card information in digital payment wallets.

2) Safer payment methods  

Check fraud continues to increase because it’s easy for scammers and criminals to swipe a check out of a mailbox, erase the information and amount, and make it out to themselves for as much as they want. It’s called check washing. 

Credit cards are a far more secure method of payment. They are encrypted to reduce the risk of fraud and they’re easy to track, especially if your customers regularly check their statements and balance, making it simple to spot and report unauthorized use. Some banks suspend card usage and reach out to a cardholder if a purchase looks suspicious, a level of protection not provided when paying by check. Using credit cards gives your buyers peace of mind knowing their financial data is secure while ensuring your payment won’t fall into the wrong hands.

3) Eases financial burden

Owning a business gives you the opportunity to see things through the eyes of your customers. You know how stressful it can be each month to pay vendors and balance the books. 

You get paid immediately when your customer uses a credit card. The customer, however, doesn’t have to pay their credit card bill until the end of a billing cycle that may be more than a month away. That gives them time to cover their expenses while making sure they’re still paying you and maintaining solid credit. Using a credit card also helps your customers earn rewards such as discounts, hotel points, airline miles, and cash back.

4) Less stress

You and your staff have enough to do without chasing late-paying customers. Making frequent calls isn’t just stressful and time-consuming but can also damage the buyer-seller relationship. 

Bill360 enables you and your customer to set up AutoPay and simply draft recurring fees from the card customers stored in a digital wallet. Invoice emails can be embedded with "pay now" links, giving customers the chance to pay a bill immediately. These features ensure you’ll get paid on time and your customers can focus on their business without accruing late fees or remembering due dates.  

Accounting automation from Bill360 also gives you the opportunity to set threshold amounts that can be customized for each customer and invoice.

5) More options

Check usage is declining in the B2B space, where just 26% of payments were made by check in 2025. If your customers are still sending in checks, there's a good chance they're doing so because it may be their only option.

Offering your customers the ability to pay by credit card shows you are aware of their needs and preferences and are doing everything in your power to make the billing and payment process as seamless as possible. 

Embrace plastic with Bill360

Accepting credit cards is easy with Bill360. Our all-in-one platform automates your AR process, reconciles invoices, and processes payments, resulting in stronger cash flow while saving you up to $2,500 in processing fees and making it easier than ever for your customers to pay you on time. 

Experience Bill360 for yourself by visiting our video library page.

FAQ

Why should B2B companies stop accepting checks?

Paper checks not only slow your collections process, but they leave you and your customers vulnerable to check fraud.

What are the benefits of accepting credit cards?

Payments made via credit card help strengthen cash flow because they process way faster than checks. They're also far more secure for you and your customers.

How can credit card acceptance help my accounts receivable process?

Accepting credit cards removes friction because you and your staff no longer have to take the time to manually open envelopes and deposit checks.