[What, Still Cash? Still Invoices?] Why You Should Use Credit Cards Even in B2B

This time I'll explain why it's better to use credit cards even in B2B transactions.

By reading this article, you can ride the trend of the cashless push and improve your operational productivity.

Cashless is one of the new normals

2019 was the year of the cashless push, and I think this movement will keep accelerating in the with-COVID era too.

Paying out the benefit payments was anything but smooth, and with real expectations for the arrival of a digital yen and full-scale use of cryptocurrency, I think the way we handle money will change too.

There is no denying that cash-first, let alone cash-only, ways of handling money no longer fit the times.

From the perspective of accounting work, too, it is one of the things judged to be "wasted work."

Why not actively use corporate cards?

By the way, beyond promoting cashless in B2B, I would like credit card payment to become standard.

Repeating the cycle of sending invoices, confirming payments, and reconciling them is a waste.

Japan is a laggard in using corporate cards...

Credit card payment in B2B feels unthinkable for Japanese companies, but credit card payment in B2B is commonly used in transactions with overseas companies.

I use overseas online tools such as G Suite, Mailchimp, Zoom, and Zapier, and I pay for all of them with a corporate card.

By contrast, my Japanese business partners still use nothing but invoices.

It has even become normal to be charged transfer fees on top of all the hassle.

Some people still have concerns about card transactions. Amex and debit cards solve the issues of credit limits and transaction amounts.

Google Ads and Facebook Ads are paid smoothly by card even for large amounts.

Use Stripe to accept card payments casually, even in B2B

Some people point out that credit card fees are high.

But now, with a convenient payment service called Stripe, it's just 3%, and in the first place, products and services should be priced at amounts where card fees don't matter.

After all, "credit" means "trust," so it should be actively used in B2B transactions

By the way, my company offers workshops, consulting, and support in fields such as introducing telework, using business video, adopting SaaS, and digital marketing, and since the company has Stripe and PayPal accounts, we accept card payments.

For companies that think like me and want to do B2B transactions by card, my company might be one option.

We also support Stripe implementation, so if you're interested, please get in touch.