Virtual cards offer many benefits to suppliers in the B2B space. In a recent study, 80% of suppliers cited interest in using more efficient payment methods and that limited product awareness remained the primary barrier to acceptance of virtual cards.
Given the volume of check acceptance and supplier interest in more efficient payment types, operators may be well positioned to gain additional acceptance of virtual cards by their suppliers. Enverus Virtual Card payment option empowers operators to streamline the payment process and eliminate paper checks.
This white paper seeks to outline the drivers for virtual card acceptance and highlight effective strategies for operators to engage suppliers.