Updated on 10/23/15 to include new information about ACH Payments and Shopify
We know how versatile, user-friendly, and robust Shopify is, especially in the D2C sector. For B2B companies, you'll be thrilled to know that this now also applies to you! Shopify's expansion into the B2B sector has garnered significant attention in the eComm world, and there's a good reason for it.
Shopify B2B offers a comprehensive suite of tools designed to meet the unique needs of wholesale and business-to-business transactions.
Robust Features of Shopify B2B
Shopify B2B is equipped with various features tailored to streamline business operations and enhance the B2B customer experience, for example:
Custom Pricing and Discounts
Shopify B2B allows businesses to set custom pricing and volume discounts for different customer segments, ensuring wholesale clients receive appropriate pricing structures without manual intervention.
Dedicated B2B Stores
Businesses can create dedicated B2B storefronts within their Shopify setup. This means they can maintain separate inventories, pricing, and user experiences for retail and wholesale customers, all from a single backend.
Bulk Ordering and Quick Reordering
B2B customers often order in large quantities and require the ability to reorder frequently. Shopify B2B supports bulk ordering and quick reorder features, making the process efficient and user-friendly.
Advanced Reporting and Analytics
We love data! It's crucial for understanding business performance. Shopify B2B provides advanced reporting and analytics tools that offer insights into sales trends, customer behaviors, and inventory management, helping businesses make informed decisions.
Integration with Existing Systems
Shopify's extensive app ecosystem allows B2B businesses to integrate with their existing ERP, CRM, and accounting systems. It ensures a seamless flow of information and reduces administrative overhead.
The ACH Payment Gap Has Been Resolved!
Despite these robust features, one significant limitation has been Shopify B2B's lack of support for ACH payments out of the box. ACH payments are a preferred method for many B2B transactions due to their lower fees than credit card payments, enhanced security, and the convenience of handling large transactions directly from bank to bank.
The absence of native ACH payment support was a considerable drawback for businesses relying heavily on this payment method. We closed the gap by partnering with Bankful to integrate ACH payment capabilities into Shopify B2B, helping store owners to reap benefits like:
Lower Transaction Costs
ACH payments typically incur lower transaction fees than credit card payments, allowing businesses to save on processing costs.
Enhanced Security
ACH transactions are directly processed between banks, reducing the risk of fraud and chargebacks, which are more common with credit card transactions.
Handling Large Transactions
ACH payments are ideal for large B2B transactions, providing an efficient and reliable method for transferring significant amounts of money.
Streamlined Payment Processes
Integrating ACH payments with Shopify B2B simplifies the payment process for customers, enhances their experience, and encourages repeat business.
Seamless Integration
ACH payments are now seamlessly incorporated into the Shopify B2B checkout process, requiring minimal effort from you to set up and manage.
After a recent announcement by Shopify, this is no longer necessary.
From Workaround to Fully Native
Until now, Total Commerce filled the gap by integrating ACH payments through Bankful — and that solution worked beautifully for hundreds of merchants. But now, Shopify has leveled up.
With native ACH payments in Shopify Payments, you can achieve the same seamless experience without any third-party setup. That said, our team at Total Commerce is still here to help you activate, configure, and optimize your B2B workflows so everything runs smoothly from day one.
What This Means For Your Business
Shopify B2B offers a robust platform tailored to wholesale and B2B transactions. Its wide range of features enhances business operations and customer experience.
With this enhancement, Shopify B2B becomes an even more powerful tool for businesses. It enables them to streamline operations, reduce costs, and provide a superior customer experience. As Shopify Plus Preferred Partners, talk to us about your B2B needs. We know exactly how to leverage Shopify for your success.
