Problem Statement

The pandemic has forced B2B buyers to quickly adjust to digital purchasing solutions, leading to permanent changes in how commercial transactions take place. The adoption of ecommerce shopping has created a perfect environment for B2B ecommerce marketplaces to capture significant market share. However, in order to be successful, marketplaces will need to meet the growing expectations of their clients who demand a consumer-like shopping experience with integrated payment options, end-to-end automation, purchase transparency and data security.

AT A GLANCE

97% of B2B buyers claim that they’re willing to make a purchase in an end-to-end, digital self-serve model.

94% of B2B buyers expect to be able to use a credit card for ecommerce purchases.

67% of vendors say that insightful analytics has the potential to drive the B2B ecosystem in the future.

Solution

The Boost Intercept platform goes beyond payment processing to facilitate a fully automated process that meets the needs of buyers and suppliers around the world. Our proprietary technology can help marketplaces by providing faster payments, lower costs, and actionable data for every purchase, resulting in happier customers and repeat shoppers. We can integrate directly into your existing systems with minimal tech development, getting you up and running quickly and easily.

B2B Marketplace Sample Transaction Flow

Step 1

The buyer initiates an order through the predefined catalog on the marketplace website

Step 2

The marketplace sends the buyer's payment card information and order details to Boost

Step 3

Boost authorizes the transaction and delivers the payment to the supplier

Step 4

Boost sends the reconciliation data to the shipper, marketplace and buyer

Step 5

The supplier delivers the goods to the buyer

BENEFITS

• Fully passive end-to-end experience
• Improved customer experience
• Consolidated reporting and insights
• Quick and easy implementation
• Optimized cost of acceptance
• Data security
• Customized solutions to meet your needs

About Boost Payment Solutions

Boost is the global leader in B2B payments with a technology platform that seamlessly serves the needs of today's commercial trading partners. Our proprietary solutions eliminate friction and deliver process efficiency, data insights and revenue optimization.

www.BoostB2B.com

@BoostB2B

@Boost Payment Solutions