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Payments
Processing of VISA/MasterCard is important for every business to get instant sale both in B2B and B2C. eCommerce innovation solution combined with POS payments align processes to fit business needs
When business sells services or products directly to another business (B2B), payment infrastructure plays big role, while several parties are involved. Managing payments includes: invoicing, direct SEPA payments, subscription management and automatic payment processing.
Payment options for B2B
Business issues invoice with payment period and due date, responsible person logs into bank account and creates a payment for all issued invoices.
Payment task can be imported directly to bank, that creates efficient and precise processing and due payments control.
Payment task can be imported directly to bank, that creates efficient and precise processing and due payments control.
Post or prepayment for a service period. Invoice is issued the moment after payment, on exact month date, or when a specific spent limit is reached.
Process is more efficient and less time consuming, however there is a risk of the fraud. AML and risk management team take care of correct payment processing to eliminate fraud.
Process is more efficient and less time consuming, however there is a risk of the fraud. AML and risk management team take care of correct payment processing to eliminate fraud.
Using direct banking money is debited directly from business accounts according to cooperation agreements.
You can define payment terms, amounts and frequency.
Direct banking is the most secure and efficient, however there are several risks: money amount on a partner account should be present, payee cannot avoid payment (however there is an option to define credit amount based on agreement).
You can define payment terms, amounts and frequency.
Direct banking is the most secure and efficient, however there are several risks: money amount on a partner account should be present, payee cannot avoid payment (however there is an option to define credit amount based on agreement).
Smarttek team evaluates processes and select appropriate solutions for every business. Some application offer both pay with a card or bank transfer payments, so business can choose any of them and switch when necessary.
A transaction between a merchant and an individual for the exchange of goods or services (B2C).
Depending on platform, terms, amounts, frequency, business administration considers what payment provider and payment processing tool to implement for collecting money from customers.
Depending on platform, terms, amounts, frequency, business administration considers what payment provider and payment processing tool to implement for collecting money from customers.
Payment processing B2C done via
- Bank payment providerBank usually provide e-commerce processing, rarely - POS terminal processing
- Bank authorized payment providerProvides usually POS terminal processing
- Acquiring payment providerProvides both POS terminal processing and ecommerce
Payment processing tools:
- POS TerminalsSmarttek provides integrated or standalone Android based POS terminals for collecting payments with cards. After providing all necessary documents, POS terminal can be installed within 1-2 days.
- Web or mobile ecommerceProcess requires integration with payment gateway. After signing agreement our customer get sandbox to develop their product. We provide web monitoring and reporting tools for payments for control in real time.
Commission costs (IC++ or fixed rate) and transaction costs (0.01 - 0.05 EUR per transaction) are applied. Important is processing security, mulichannel option and payment frequency. Some payment providers have specific limitation for payments from different geographic regions.
Smarttek focuses on your needs
- Eliminates unnecessary fees during payment processing.
- Streamline payment information for quicker processes.
- Select an appropriate payment gateway.
- Provides payment processing visibility and synchronisation with accounting or Business Intelligence systems.
Join Paynt payment processing
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By pressing "Join" You agree with our Rules for data processing and storing according to EU regulation 2016/679
SIA Smarttek MIXTURE and Investment and Development Agency of Latvia have signed an agreement Nr. SKV-L-2022/408 on September 5, 2022 about the support within the “Promotion of international competitiveness”
program that is co-financed by the European Regional Development Fund.
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