Billhop AB, the Swedish card-enablement platform, has entered into a partnership with Eurocard, a commercial card issuer in the Nordics. This collaboration enables corporate clients to settle any bill or invoice using Eurocard's virtual cards, even with suppliers who do not accept card payments.
This payment approach allows businesses to absorb the card processing costs instead of imposing them on suppliers, providing them with improved access to their inherent credit lines. It also simplifies the payables process and expedites payments to one-time, low-volume suppliers without the need for supplier enrollment or setup.
Eurocard's virtual cards will be seamlessly integrated into Billhop AB's intelligent bill payment platform, streamlining the payment procedure while ensuring heightened security and precise control over expenses.
“Staying ahead of the curve is imperative in the world of B2B transactions,” said Tashi Gauffin, Chief Commercial Officer at Billhop AB. “Virtual cards offer a forward-thinking approach to payment solutions and provide unparalleled spend management control. By leveraging Eurocard’s virtual cards through Billhop AB’s card enablement platform, businesses can ensure more efficient and secure financial transactions.”
Currently, the majority of B2B suppliers lack the capability to accept virtual card payments. Billhop AB's inventive solution provides enterprises with the opportunity to enhance operational efficiency and stay abreast of the swift digitization occurring in B2B payments.
“By partnering up with Billhop AB we now strengthen our value proposition for our corporate customers and enable them to handle long-tail payments more efficiently,” said Erik Hallmén, partner responsible at Eurocard.
Eurocard provides payment solutions tailored for diverse companies and organizations, establishing dominance in the Nordic market through an extensive array of cards, travel accounts, and various administrative and follow-up tools. These offerings are adaptable to both national and international operations.
