I recently encountered the term 'BTB payment' and I'm not sure what it means. I've heard of other payment terms like B2B or B2C, but BTB is new to me. Can someone explain what BTB payment stands for and how it works?
6 answers
Moonshadow
Sat Nov 23 2024
B2B payments pertain to financial transactions conducted between two businesses.
alexander_watson_astronaut
Sat Nov 23 2024
In such payments, the buyer, which is one business entity, transfers value to another business entity, the seller.
MysticGlider
Fri Nov 22 2024
The transferred value is usually denominated in currency.
Caterina
Fri Nov 22 2024
This currency-based transfer serves as compensation for goods or services rendered by the seller to the buyer.
Bianca
Fri Nov 22 2024
Compared to B2C, or business-to-consumer, transactions, B2B payments are generally more intricate.