Why Australian Accountants Recommend B2Bpay over Stripe
In today’s competitive business environment, selecting the right payment platform is critical. While Stripe has long been a popular choice, more and more Australian businesses are making the switch to B2Bpay – and it’s easy to see why. Here’s a comprehensive look at how B2Bpay stacks up against Stripe, and why it might be the better choice for your business.
Cost-Effective Payment Processing
One of the main reasons businesses are leaving Stripe for B2Bpay is the cost savings. B2Bpay offers significantly lower card payment fees ranging from 1.3% to 2.2%, with no additional transaction fees compared to Stripe’s 1.7% to 3.5% plus a 30-cent transaction fee. This reduction in costs means more money stays in your business.
Earn Rewards on Payments
With B2Bpay, you not only save money but also earn rewards for your transactions. Businesses can accumulate Qantas Frequent Flyer Points when making or receiving payments – something Stripe does not offer. You can redeem these points for flights, turning everyday business transactions into valuable memories.
Faster Access to Funds
Waiting to access your funds can hinder cash flow. With B2Bpay, payments are automatically transferred into your account within 3 business days. In contrast, Stripe can take up to 7 business days. B2Bpay’s faster payment processing means you can manage your cash flow more efficiently.
Australian-Based Support You Can Rely On
When you need assistance, you want to speak to someone who understands your needs. B2Bpay is Australian owned and operated, with a dedicated support team based in Sydney. No chatbots, no overseas call centres but real people ready to help you. Whether it's troubleshooting or a quick question, B2Bpay’s team is on hand to support you.
Simple and Efficient Accounting Integration
B2Bpay integrates seamlessly with accounting software like Xero, MYOB, and QuickBooks, automating your payment records and reducing data entry errors. The benefit of B2Bpay is that we have a team to help you every step of the way from set up to reconciliation in software platforms.
Transparent Fees and No Hidden Costs
With B2Bpay, there are no terminal fees, no merchant fees, and no monthly charges. You can even on-charge the card processing fee to your clients, effectively making card payments free for your business. Stripe’s fees, on the other hand, can quickly add up, with additional transaction fees.
Boost Your Cash Flow by Receiving Payments Quicker
By utilising your credit card’s interest-free period, B2Bpay allows you to improve your cash flow. This flexibility, combined with earning reward points, turns B2Bpay into a powerful tool for managing your business finances more effectively.
Don’t miss out on the opportunity to improve your payment processes and grow your business with B2Bpay
- Lower costs
- Faster Payments
- Qantas Points for your Transactions
- Dedicated Australian-based support
