B2B payments transactions — and ways for sellers and buyers to manage them — have come a long way in recent years.

Two new payment management systems, for Amazon Business and for the Spryker ecommerce platform, were each designed for expediting and automating the payment process, improving cashflow and increasing operating efficiency.

Amazon Business, in a new program designed to help small businesses, is collaborating with B2B payments platform Melio to streamline how marketplace buyers and sellers manage invoices and  payments.

Amazon Business and Melio launch invoice service

Amazon Business, the dedicated B2B ecommerce marketplace of Amazon.com Inc., and Melio announced recently the integration of Melio’s payment platform with the Amazon Business Reconciliation API, a move that synchronizes Amazon Business invoices in a single payment processing system. The integration enables companies that use the Amazon Business Pay By Invoice application to “pay all their Amazon Business invoices and any other bills with a few clicks through Melio,” Melio says.

“The integration with Amazon Business will enable small business owners to devote more time to running their business and less time paying their suppliers and contractors,” says Matan Bar, co-founder and CEO of Melio.

“I like that I can pull all of my invoices into one payment and pay them all at once,” Melio user Chris Love of Love Rental Properties Indiana says in a Melio press release. “Now, I can save time by making one batch payment, rather than paying invoice to invoice.”

Amazon Business, which launched in 2015, has said that it reached annualized gross sales of $35 billion in 2023. Industry analysts have said that a key part of its growth strategy has been building sales with small businesses.

Spryker teams up with Stripe for payments

Spryker, an ecommerce technology platform designed for B2B ecommerce sites, enterprise marketplaces, and internet-of-things commerce, recently launched a new marketplace payment system in conjunction with payment technology and financial services company Stripe Inc.

Built on Stripe’s marketplace payment technology Stripe Connect, Spryker’s new payment system was designed to automatically process payment transactions and disbursements for marketplace operators, merchants and buyers, the companies say.

“This new payment solution built on top of Stripe’s infrastructure not only makes it easier to onboard merchants and manage payouts, but it also accelerates the growth of our customers’ businesses by removing the operational inefficiencies that often slow down marketplace operations,” says Manishi Singh, senior vice president of the App Composition Platform, Cloud & Technology Partnerships at Spryker.

Spryker notes that the new payment system enables marketplaces to “process payouts and disbursements in real time,” replacing traditional methods under which marketplace owners might have to wait until the end of the month to collect and distribute funds.

Spryker adds that its Stripe payment system provides a unified payment system that covers 135 currencies across more than 45 countries and over 100 payment methods.

Paul Demery is a Digital Commerce 360 contributing editor covering B2B digital commerce technology and strategy. [email protected].

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