Obtain The Best Rates for:
Meeting level 2 & 3 requirements can reduce processing costs by as much as 30%
Across the country, businesses are looking for ways to eliminate paperwork and lower costs and they are finding that this type of card is the answer. Commercial credit cards look like ordinary Visa® or MasterCard® credit cards but are governed by a different set of regulations. Depending on the type, commercial cards require additional entries into your credit card terminal or point of sale software at the time of sale beyond what is requested for a consumer card purchase. For example, when processing a purchasing card transaction you should be prompted for sales tax and customer code. Only when all requirements are met at the time of purchase do you achieve the lowest possible interchange rate.
Federal, state and local governments are the most significant purchasing card users and require that suppliers accept their purchasing cards or risk losing their government business.
Most non-qualified charges can be eliminated if association rules for processing commercial cards are followed.
Smart businesses accept commercial cards: