Philippine businesses have long relied on traditional banks for payment processing and merchant acquiring. But as digital commerce accelerates, the limitations of legacy banking infrastructure have become increasingly apparent. PayMaya B2B offers a compelling alternative that is faster to set up, more flexible, and often lower in total cost of ownership.

Onboarding Speed

Setting up a merchant account with a traditional bank can take weeks, requiring in-branch visits, extensive paperwork, credit checks, and manual review processes. PayMaya B2B's self-onboarding through Maya Business Manager is fully digital and paperless. Most merchants are reviewed and approved within a few business days without leaving their office.

Hardware Requirements

Traditional POS terminal programs often require merchants to purchase or lease proprietary hardware. PayMaya B2B offers QR acceptance at zero hardware cost, and the Maya Terminal is an Android device that doubles as a business management tool beyond payment processing.

Interest on Business Balances

Most traditional bank business accounts offer minimal interest on current and savings balances. The Maya Business Deposit account offers 1.5 percent per annum, giving merchants a meaningful return on idle working capital while maintaining full liquidity.

Access to Credit

Traditional business loans require extensive documentation, collateral, and lengthy review periods. Maya Bank assesses loan eligibility using real-time transaction data from the PayMaya B2B platform, enabling active merchants to access working capital loans of up to two million pesos without traditional credit scoring barriers.

Omnichannel Capability

Banks typically offer payment acceptance for either physical card terminals or online payment gateways, but rarely both under one unified dashboard. PayMaya B2B combines face-to-face, online, invoicing, and QR acceptance in a single account with a single settlement flow.