B2B Credit Card Processing Simply Explained

Mar 2, 2023

As a business owner, knowing the basics of payments processing can help you make more informed decisions as you better understand the differences between various credit card processing providers. With so many ways to accept payments, it’s important to have the right processor, hardware, and services in place to handle each transaction.

Credit Card Processing

Most people prefer to pay with their credit or debit card. To accept payments from your customers, you’ll need a merchant account and a payment processor. These will act as the link between your accounts and those of your customers, ensuring that no one party is left out.

Merchant Account

A merchant account is an agreement between your business and your processor. When you accept credit or debit card payments, your processor will process the transaction, transfer the funds to your bank account, and report information about the transaction to the credit card company.


A processor is a third-party service provider who provides merchant accounts to businesses such as yours. They generally have several different plans they can offer depending on how much volume you expect to receive over time and what type of business you have.

E-check (Electronic Check) Payment Processing

Paying with a check is a popular way to pay for goods and services. While the number of organizations paying by check has declined over recent years, there are still some who prefer to use checks when purchasing goods or services.

If companies are willing to pay a fee, e-check processing services can help manage the setbacks associated with e-checks. Most processors charge significantly less for this service than they do for credit and debit processing.

What do you need to process e-check?

If you’re looking for e-check processing services, you’ll need a check scanner. This system will scan an electronic copy of the check and submit it to the bank to confirm the availability of funds. If the check doesn’t bounce, it’s usually approved right away.

Get the credit card processing services you need to succeed and grow! Contact your eTreem expert today to learn more about our merchant account solutions and payment processing.

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