B2B Vault: The Biz To Biz Podcast

In today's podcast and video, we are going to talk about B2B - Business To Business Payments.

When it comes to financial decisions in your business you want to work with an expert, and someone

puts your best interests, needs and goals first. We value your business and creating and maintaining lifelong relationships with clients

You will learn about our process - discovery call - technology - the consumerization of B2B Payments and more!

B2B spending and paying electronically was on the rise before Covid and it's been booming ever since!

With so many companies having remote workers it is important that you have the right technology to meet the

needs of your business and the expectations of your customers.

Check out our website - www.npsbank.com/b2b 

Follow us on social media, click follow on the podcast, check out the videos on youtube or on our website.

Book an appointment with one of our experts or Allen and we can explain how we can help your business

and get you on your way to consumerizing your payments!

Hey, this is Allen with another episode of The B2B Vault Podcast and we're here today. We're going to do the news round up for the week. So let's see what we're going to talk about. Okay. So consumerization of B2B payments, and has been going on since the start of the pandemic businesses need to look at upgrading their systems so that they offer payment methods that consumers are looking for and now businesses want from their B2B payments. They want to be able to pay anytime they want. They're wanting to pay with a payment portal or get invoiced, and then click on a link and make a payment, um, get a text message, click on a link, get a payment, um, accepting ACH and different things like that. And there's a lot of articles going around. And, uh, in the news about this, you know, they're calling it the consumerization of B2B payments and businesses, you know, we can help businesses that need to do that. So we have the tools, we do a consulting call, and then we help them with, uh, you know, explain what does all of that mean, but this is big in the news. And I think we're going to see, you know, a lot more businesses that are going to make it easier for the other businesses who have to pay the invoices and things like that. Instead of the checks in the mail, you know, a more consumer style way to get paid. And also, you know, alternative payments are going to come into that too. So, um, financing, of business payments, where lawyers or accountants can finance customers and get paid upfront or accepting cryptocurrency and different things like that for their business. And the last couple of news updates I'm talking about Buy Now Pay Later. And all of a sudden yesterday popping up in the news is buy. Buy Now Pay Later. 

Congress is looking at the Buy Now Pay Later market because this thing is just blowing up everywhere. Um, tons of companies are getting involved. PayPal's offering it a farm. We offer it here at our company, nationwide payment systems buy now pay later. And this is a big thing going on. And Congress says, oh, we need to look at this, buy now, pay later market and see how that's going to work out. Even a MasterCard is looking out. They can integrate that into their systems, but that probably would take quite a while, but buy now pay later is a hot thing. And one of the things that merchants asked me about with buy now pay later is I said, why do people want to do that? If they have the available money on their credit card? And it's simple, they're only going to pay about 5% for a buy now pay later transaction versus on their credit card. If they're going to float a balance, the balance could be anywhere from 10% up to 26%. So they don't want to float that. They don't want to carry that on their credit card. They'd rather have the buy now pay later company and only pay 5% for those transactions. And then they also get another 30 days on top of that because it's getting charged on their credit card and they're paying less money, for that whole setup.

So these are things just to keep an eye on and thanks for listening to the B2B Vault, you know, file click the follow button on your favorite podcast, apple, Google SoundCloud. Spotify can also catch my videos on YouTube under B2B Vault and thank you for listening.

Hey, this is Allen with the B2B Vault Podcast here with another episode. Today we're going to talk about ACH automated clearing house, or sometimes referred to as ACH. This is a great way for businesses to lower the cost of credit card processing by offering credit cards and ACH. It's popular now to add a fee to your credit card processing. Even in the B2B world or in other types of businesses where you're collecting a large payment from somebody and it's 2% or 3% to process your credit card.

We'll process your ACH for free or even try to push many of your clients to do ACH versus a credit card. And this is a great way to lower the cost. The overall cost that you're paying with credit cards. We help you because we're consultants here at nationwide payment systems and the payment advisory board. And, you know, we take a look at everything that you're doing in your business. And we check like, oh, how many transactions are you doing? How much business are you doing? How many people are mailing you checks and things like that? And try to show you how we can help you set up a payment portal on your website. This payment portal allows people to come in and then make a choice. Do I want to pay with a credit card or do I want to pay with ACH? This is a great way for businesses to lower their costs when it comes to accepting different types of payments today.

I always tell business owners, one of the things I'm going to talk about is, you know, how businesses need to adapt more to the consumers. Consumers want to pay in all different kinds of ways. So business owners need to adapt to that. They need to change what they're doing. Don't just say, oh, I only take credit cards, right? You know, take a, you need to take ACH. There are other alternative payments that you can, that you can take in your business.

Hey, this is Allen Kopelman. Welcome you to another episode of the B2B Vault Podcast. So today we are going to talk about chargebacks. Chargeback is a crazy thing that businesses have to deal with. There's nothing worse than getting that letter through email, fax or, the mail, and you have a chargeback to deal with.

So what is going on with chargebacks lately? Chargebacks are a crazy thing cause EMV, the chip card was supposed to kind of solve that problem and the card present business. And you know, a lot of that fraud started because of the increased use of chips, sorta pushing off into the noncard present arena. And then with the onset of COVID, we saw the growing need for noncard present services and retail businesses with QR codes and different things like that. A lot of card-present businesses are getting chargebacks with websites. You know, it's easy, easier to work with chargebacks because there's more tracking. There are quite a few different services. You can link to your website. You know, as far as that goes, you can link to your 3d secure. Which we're going to talk about more in another couple of podcasts that we're going to do. You can sign up for different services where they monitor your chargebacks and help you fight the chargebacks. If the person needs to get a return, you can return the money before the chargeback hat. There's a lot of interesting things. We were working with low-risk merchants, high-risk merchants, e-commerce, you know, strip clubs, nightclubs, but in the card-present arena.

One of the things that make our service different than the services that you normally get through these chargeback companies is they don't work with card-present businesses, and that's where chargeback rescue comes in. We work with a lot of nightclubs and a lot of businesses where they're doing high ticket transactions and getting chargebacks. You know, most of them friendly fraud, the person's just trying to get out of paying for it. So what do we do? We make sure that you get your chargeback, um, you know, in your email or on your fax or through a portal. And then, you know, you get the receipts together, we send them over to us and then we help you put together the, we help you put together the letter that gets sent back to the chargeback company and because chargebacks have been changing and we've seen a big increase in chargebacks in the last three to six months and he keeps going and going.

So if you need help with chargebacks, we help you. And on your website, one of the things that we're showing is that we help you review your, um, we help you review your, all your, all of your, um, policies on your website because you can't stop someone from doing a chargeback. But what we can do is we can slow it down. We can make it so that you're the one in control. You're in your favor, you know, do you need to have all sales final on your receipts? You know, so take a look @ chargebackrescue.com. If it's something that you need for your business, contact us, book an appointment, fill out the contact form and we'll help you out. Again. This is Alan Kopelman with the B2B vault, and I hope you enjoyed this episode. Listen to us on your favorite podcast network and click the follow button. Thank you.

Hey, this is Allen. With another episode of the B2B vol today, we're going to talk about emerging markets. This is one of my favorite subjects to talk about. And most business owners don't even understand what's emerging markets are, and you know what it's all about. So a lot of people confuse emerging markets with international credit card processing. What doesn't have anything to do with that? Emerging markets are certain types of businesses that visa and MasterCard assigned special rates for those businesses. And, you know, so the merchants get special interchange rates. Those interchange rates can result in an enormous amount of savings. We do consult. So part of our consulting is that we make sure that your business is classified correctly with the correct SIC code that you have licensing to match the SIC code so that your business can qualify for these emerging market rates. We call it interchange-busting. It does take some work on our part because we have to make sure we have everything in the file. We have to register you with the card brands and the same way as CPA. Deciphers the tax code. We decipher the code with visa and MasterCard. So who qualifies for these businesses that are involved in education telecom? So education can be anything, schools, childcare services, preschools, um, online education, anything involving education, you, you could be saving tons of money, especially if you're using a platform like PayPal square or Stripe, um, or even regular credit card processing.  

Hi, this is Allen with B2B Vault and in this episode, we're going to talk about our solutions for charities and non-for-profits. So we have two programs. You can set up our regular merchant account and we can show you all different kinds of ways, how you can charge a fee to your donors. So you get a hundred percent of the money and you can process all types of different payments for your non-for-profit organization, whether they're donations or their tickets to events and things like that. And then we have our new platform, which is the NPS charity platform and this lets you do something different. So this is completely free. No setup charge, no monthly fees. And when somebody goes to donate, they're paying the fee for the credit card processing and you get a hundred percent of your donation. So you can run multiple campaigns at the same time, raise more money with targeted donations. We'll even give you a free consultation and go over how this has worked. And many, many businesses, you can update your campaigns. Anytime you want takes a day or two to update them, delete one, add a new one.

We have text messaging you can add on. So you can send out text messages. So your donors can click on a text and donate. You can do one-time donations, recurring donations. You're letting your customers pay you the way they want to pay. They can pay on your website. They can pay you in person. You can bring a computer or a tablet out to an event. People can go on and make donations that way, or they can be on their phones and make donations. All the receipts are customized with your logo and all your information. And it can be used as a tax-deductible receipt to give their CPA or accountant. You also get access to a full dashboard with all your donor information. So you have everybody's name, their address, their phone numbers, their email addresses, and so forth. You can see how much they donate and when they do it, you know, so what do you get with our service? You get a free webpage, 0% credit card processing. So you get a hundred percent of your donations and that's the most important thing. And you can come to the website https://npsbank.com/charity and you can go look at the information on the page. You can see and download a sample receipt. You can see how it works.

People use this for nonprofits, political campaigns, churches, synagogues, schools, and more can run all types of different campaigns, matching campaigns. You could run general donation, year-end, recurring capital campaigns with a lot of people doing that. And you can use this along with whatever else that you're currently using. And this can also run at the same time and we can do a full demo for you. It's easy to sign up. You fill out our apply now button, and then you go to the build the donation page and you can build out your donation page. It takes us about a day to get you approved and two or three days, we'll have your donation page up and ready. And then you can add the button right to your website and you're ready to go start accepting donations. So for more information, contact us at NPS Bank, go to the website, check out the charity page and get signed up, or contact us. And we'll set up a demo for you. We'll run a demo. Thank you again for listening to another episode of B2B Vault.

Hey, this is Allen Kopelman. With another episode of the B2B Vault today, we're going to talk about ATM kiosks and vending solutions. So first let's get into ATMs. We started our business in 2001, and then we started to get into the ATM business around 2002, 2003. And, you know, we started the grow or ATM portfolio and get ATM's out into businesses. And in the beginning, we used to load a few ATM's and that's how we did it. And then we linked up with another company that provides vault cash. So now we have an awesome service. We provide vault cash for ATMs. So in high traffic locations like nightclubs, shopping malls, hotels, where they're going to go through a ton of money every week, then we put ATMs into your business and you share in the surcharge, we have an armored car. We can service anywhere in the United States. And we do, we have ATMs and Florida, Georgia, North Carolina, California, Las Vegas, and other places who we serve as ATMs everywhere.

In today's podcast, you are going to learn what the NPS and Payment Advisory Board's approach is in respect to High-Risk Merchant Services. We act as your consultant and we match you with the right bank and or processor for your business type - We speak to merchants every day and we explain that it is similar to getting a loan or a mortgage - not every bank works with the same business types. So, listen in  - click follow and enjoy the podcast or video

Hey, this is Allen Kopelman with the B2B Vault. So we're here today going to go over the news Roundup for the week. There's a lot of stuff going on, some crazy stuff, which maybe we'll talk about in another week when things kind of settle down with that, but let's get into the three stories of the week. So first thing, a lot of people are talking about QR payments. So QR payments, are they good or are they bad for the merchant? So there are quite a few restaurants that are out there and they print out a receipt and then they bring you a QR code and you get out your phone and you take a picture of it. You're able to make a payment on your phone. So is this good or bad for merchants? Merchants are finding out that these are noncard present transactions and it's costing them anywhere from 50 to a hundred basis points. So maybe it's good if you can't get to the tables fast enough to facilitate payment. But you know, it's also, uh, because it's noncard present, there could be charged backs that you won't be able to defend. So people need to get educated about this. Also, there's a lot of third-party services that offer QR codes, but there's probably a way to do it within your existing point of sale device. And QR codes are really easy to make and we'll post the link down in the, in the, uh, in the notes, in the show notes. So you can see how to make a free QR code. Our next story, alternative payments. Everybody's talking about alternative payments and how are they going to reach the everyday business so that it's all consolidated, you know, and your credit card processing. So buy now pay later cryptocurrency, um, Venmo, PayPal, since they're like partners together. Now there's a lot of talk from a few different equipment companies and some credit card processors on how to facilitate that. So at the point of sale, somebody wants to pay the merchant with Venmo or pay with PayPal. I mean, some people have PayPal credit cards, so that's easy to do, but more, I think that in 2022, we're going to start to see a lot more options at the point of when you're checking out at a store. I mean, right now we're currently offering buy now pay later and we're offering cryptocurrency. So those are available now from NPS bank, but there's more to come. It's gonna depend on, you know, how quickly the equipment companies move, you know, slash software companies, how they moved to get that going.

Hey, this is Allen Kopelman. With another episode of B2B Vault. I hope everybody's enjoying the podcast. I just started doing this podcast. So it's all new to me. And I'm learning. Hopefully, each one gets better. This one today is going to be about interchange secrets. There are tons of secrets. We don't tell you, but if you want to know the secrets about interchange and what you're paying on your credit card statement, we have a solution for you. So, so many businesses, so many companies who do this, charge you a percentage of what they save you.