Skip to content
  • Wednesday, February 1, 2023
Business Tools

Business Tools

Incredible Business Tools

  • Home
  • Accounting Profit
  • Operating Revenue
  • Top Startups
  • World Markets
  • Digital Entrepeneur
  • Market Futures
  • About Us
    • Privacy Policy
    • Terms and Conditions
    • Contact Us
    • Sitemap
    • Advertise Here
  • Home
  • HubSpot Payments for B2B Businesses
Accounting Profit

HubSpot Payments for B2B Businesses

05/08/2022
Ayleen Ruhul

Table of Contents

  • Benefits of Using HubSpot Payments for B2B Companies
  • Other B2B company benefits:
  • The Customer Benefits with HubSpot Payments
  • Who Should Use HubSpot Payments?
  • Get Started with HubSpot Payments

Let’s face it: The B2B buying process is clunky. It usually starts with the quoting process on one platform, possibly using another for contracts, yet another platform for billing, and even a possible fourth platform for payments. Sheesh!

Bringing all of these steps in-house saves your company and your customers time and makes getting paid less stressful. This is where HubSpot Payments comes in. Completing payments within your CRM has many benefits for both you and your customers. Let’s dig in.

Related Posts:

  • 6 Things a HubSpot Portal Audit Will Tell You

Benefits of Using HubSpot Payments for B2B Companies

When completing a purchase from a B2B company, customers usually work with a sales rep. Rarely are B2B customers given the opportunity to simply make the purchase online via credit card — even though this is often the way they’d prefer to do business.

To provide this service, B2B companies need a payment capability that enables purchasing experiences across all channels. As the company, you need visibility into all your customer data and interactions.

HubSpot Payments, built natively into HubSpot, encapsulates the entire buying experience within your CRM, allowing you to say goodbye to disparate systems and hello to faster payments all in one place.

Other B2B company benefits:

  • Collect payments in less time
  • Get rid of disparate systems by bringing it all in-house
  • Log into fewer platforms
  • Set up recurring payments so you never miss an invoice/renewal
  • Customer data transparency for marketing and sales teams
  • Send payment links via email, forms, landing pages, or directly with your customers
  • Automate payment workflows
  • Combine commerce data with customer data

If you are already using HubSpot Sales Hub or Enterprise, there are no monthly fees, minimums, or commitments for using HubSpot Payments. For ACH transactions, you pay 0.5% of the transaction amount, and it is capped at $10 per transaction. For credit card (CC) transactions, a 2.9% fee is applied. 

Here is how HubSpot Payments stacks up to other payment methods.

  HubSpot QuickBooks Stripe PayPal Square Shopify
CC 2.9% Flat 2.9% – 3.4% + $0.25* 2.9% + $0.30* (+1% int’l)* 2.9% + $0.49* 2.9% + $0.30* 2.4% – 2.9%
ACH

0.5%
$10 Max

1% 
$10 Max
0.8%
$5 Max
Variable 1%
$1 Max
N/A

*Per transaction

Read how HubSpot Payments stacks up against DocuSign and PandaDoc.

The Customer Benefits with HubSpot Payments

When a B2B customer is ready to make a purchase, the last thing they want to do is jump through hoops. Today’s B2B purchasing platforms often require a mastery of acrobatics to make it to the finish line. Customers are hit with redundant steps, multiple screens, and limited transaction options. 

Meanwhile, all this hassle leads your company to experience delayed sales, missed opportunities, wasted time, and even lost revenue. It should be easier! HubSpot Payments slingshots your company out of the ice age and into modern times by making the buying process seamless.

Other customer benefits include:

  • A modern, delightful buying experience
  • The ability to purchase on any device
  • An improved customer service experience via chatbot
  • Multiple payment methods
  • Shop any time of day, not just during business hours 
  • Secure purchasing

The HubSpot Payments tool uses multiple layers of security to protect sensitive payment information. Your customer’s payment credentials are encrypted and tokenized to prevent unauthorized parties from accessing their info.

Who Should Use HubSpot Payments?

An ideal client profile for HubSpot Payments looks something like this: 

Company size: 50+, although it can work with any size company

Location: U.S. only (HubSpot has plans to expand globally in 2023)

Current tech stack includes: PandaDoc, Xero, Docusign, Microsoft Office, Stripe, PayPal, QuickBooks, wire transfers, bill.com, Chargebee, etc. 

Current HubSpot products: Starter, Professional or Enterprise Hubs

Signs you are ready for HubSpot Payments:

  • You sell digital products (software, services, etc.)
  • You sell recurring subscriptions or memberships
  • You don’t have to worry about tax collection
  • You don’t need your commerce solution to support discount codes (for now)
  • You are for-profit

Need more proof that HubSpot Payments will help you generate revenue faster? Check out this case study where one business managed to increase e-commerce sales by over 400%

Get Started with HubSpot Payments

Instead of cobbling together multiple tools that span your front and back office, it’s time to offer digital payments via HubSpot Payments. You’ll save money on software, boost your bottom line, simplify the customer journey, and delight your customers.

Need help adding Payments to your portal? Contact our onboarding team today.

HubSpot Payments for B2B Businesses

Tags: 501c3 Accounting, 501c3 Bookkeeping, Accounting Margins, Accounting Profit, Accounting Profits, Accrual P&L, Accrued Profit, Aicpa Nonprofit, Balance P&L, Bookkeeping Profit, Charity Accountants, Credit P&L, Earnings Accounting, Fasb 958, Fasb Nonprofit, Gaap P&L, Gaap Profit, Ifrs P&L, Ifrs Profit, Intacct Nonprofit, Inventory P&L, Loss Account, Loss Sheet, Nonprofit Accounting, Nonprofit Bookkeeping, P&L Account, P&L Accountants, P&L Balance, P&L Credit, P&L Ledger, Pbit Accounting, Pl Accounting, Profit Account, Profit Bookkeeping, Profit Ledger, Quickbooks P&L, Retained Earnings, Tax P&L, Topic 958, Ucoa Nonprofit, Usali P&L, Xero P&L, Xero Profit

Post navigation

Cambium Networks Reports Second Quarter 2022 Financial Results
What You Need to Know

Recent Posts

  • A Comparison of Candle Stick and Bar Chart Used in Forex Trading
  • Collective Unconscious
  • The Perk of Investing in This Global Addiction
  • Raising Cattle – 12 Ways to Promote Development of Dairy Replacements and Prevent Calf Losses
  • Figure 8 Stock Car Racing

Recent Comments

No comments to show.

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022

Categories

  • Accounting Profit
  • Digital Entrepeneur
  • Market Futures
  • Operating Revenue
  • Top Startups
  • World Markets

Backlinks

Sosiago


Friend Ads

Trusted Source Technology

Related Article

Market Futures

A Comparison of Candle Stick and Bar Chart Used in Forex Trading

01/02/2023
Ayleen Ruhul
Market Futures

The Perk of Investing in This Global Addiction

30/01/2023
Ayleen Ruhul
Market Futures

Raising Cattle – 12 Ways to Promote Development of Dairy Replacements and Prevent Calf Losses

30/01/2023
Ayleen Ruhul
Market Futures

Make a Fortune Trading Oil in 2010!

26/01/2023
Ayleen Ruhul
Copyright © 2023 Business Tools
Privacy Policy
Theme by: Theme Horse
Proudly Powered by: WordPress
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT