E-Commerce & Shopping Cart
The predicted growth in B2B eCommerce is one reason why it is necessary to continue to accept B2B credit card payments. A report by Forrester states that by 2020, B2B eCommerce will exceed 1.1 trillion and will make up 12.1 per cent of B2B sales.
According to the key findings in the Forrester report, it is believed that by 2017, more than half of B2B buyers will be buying at least 50 percent of their company purchases online. As well as making purchasing easier, B2B merchants benefit from lower resources by allowing customers to self-serve, and having an online outlet as well as a physical store often results in multichannel sales. The Preferred Payments B2B Virtual Terminal will give developers the functionality to integrate with the JSON API as well as the Traditional API and hosted- secure checkout and redirect. Additionally there is a user friendly, easy to use, simple shopping cart integration.