North America B2B Payments Market Size & Outlook, 2025-2033

North America B2b Payments Market Size

The North America B2B payments market size was valued at USD 296.66 million in 2024 and is expected to grow from USD 319.20 million in 2025 to reach USD 617.13 million by 2033, growing at a CAGR of 7.6% during the forecast period (2025-2033).

Business-to-business (B2B) payment promotes safer transactions for merchants requiring recurring, periodic transactions and offers a variety of tasks to end users, including accounts receivable, accounts payable, payroll, and acquisition departments. It may involve a one-time or recurring transaction based on the buyer and seller's contractual arrangement. Business-to-business (B2B) payments are more complex than business-to-consumer (B2C) payments because B2B payment processing takes longer to approve and settle the transaction.

The North American B2B payment market is analyzed in the United States and Canada. A significant factor driving the expansion of the B2B payment market in this region is the rising popularity of virtual card accounts among U.S. commercial line businesses. Multiple industries, such as manufacturing, retail, and healthcare, are increasingly adopting digital payment technology, which drives this region's market expansion.

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North America B2b Payments Market Growth Factor

Comprehensive Payment Services for Small/medium Business Owners

Most of the world's leading payment solution providers have opened new offices in the United States to provide small and medium-sized businesses with comprehensive payment services. For example, in February 2021, Eedenbull, one of the most prominent providers of commercial payment cards, launched its new ventures in the United States. In addition, it offers a portfolio of commercial payment technology and commercial payments-as-a-service (CPaaS) to North American banks. Eedenbull offers commercial B2B payment technology to small- to medium-sized businesses. This is a critical factor boosting this region's B2B payment market.

Market Restraint

Impact of Covid Pandemic

As a result of the unprecedented COVID-19 epidemic, a lockdown was implemented in many sectors, and enterprises were forced to implement several operational modifications. Due to restrictions imposed by the government on the flow of goods, transportation, import and export bans, travel restrictions, event cancellations, and others, many businesses have suffered losses and interruptions.

In addition, due to these abnormalities in business operations, B2B payments have been harmed by low demand for goods and services, an erratic supply chain, and the liquidation of businesses. In addition, the number of business-to-business (B2B) transactions decreased due to government-imposed limitations, resulting in a reduction in B2B payments.

Market Opportunity

Adoption of Digital Payment

The digitalization of the B2B payment arena has made it easier for firms to conduct commercial transactions, promoting economic growth. Business owners' increasing adoption of smartphones and the availability of high-speed internet connectivity are significant factors accelerating market growth in this region. In addition, the development of the North American market is fueled by the increased usage of business credit cards among business owners due to their numerous advantages, such as offering more rewards per transaction and streamlining B2B payment services.

Regional Analysis

North America is the third largest region globally. Most of the world's largest payment solutions providers have opened new offices in the United States to provide complete payment services to small and medium-sized businesses. In February 2021, for example, Eedenbull, a prominent provider of business payment cards, launched a new company in the United States. In addition, it provides commercial payment technology and a commercial payments-as-a-service (CPaaS) portfolio to North American banks. Eedenbull supplies small business customers with commercial B2B payment technologies. This is vital for enhancing the B2B payment sector in this region.

Segmental Insights

The North America B2B Payments Market is segmented into five categories: Payment Type, Payment Mode, Payment Method, Enterprise Size, and Industry Vertical.

Based on the transaction type, the B2B payment market is bifurcated into domestic payments and international payments.

The domestic payments sector owns the highest market and is expected to grow at a CAGR of 10.9% over the projected period.

Based on the Payment Method, the global B2B Payment market is split into traditional and digital submarkets.

The traditional mode dominates the market and is expected to develop at a CAGR of 6.3% over the projected period.

The B2B payment market is categorized based on Payment Method into ACH, Wire, Cheque, Cash, and others.

Other methods are predicted to increase at a CAGR of 9.85 percent during the projection period, making them an important segment.

The B2B payment market is split by industry vertical into manufacturing, IT and telecom, metals and mining, energy and utilities, BFSI, and other segments.

The IT and Telecom segment dominates the market and is estimated to increase at a CAGR of 11.7% over the projection period.

The B2B payment market is categorized based on enterprise size into major organizations, medium-sized enterprises, and small businesses.

The small-sized industries dominate the sector and are anticipated to increase at a CAGR of 11.6% during the projection period.

List of key players in North America B2B Payments Market

1. American Express
2. Bank of America Corporation
3. Capital One
4. Mastercard
5. Payoneer Inc
6. PayPal Holdings, Inc
7. Square, Inc
8. Stripe
9. TransferWise Ltd
10. Visa Inc.

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