Accepting commercial credit cards like Corporate, Business, Purchasing and GSA Purchasing cards are an important component of a company’s payment policies. Businesses are finding that not every customer or every invoice is best suited for issuing trade credit. Establishing payment acceptance best practices helps you maximize different payment choices for competitive advantage.
Setting up your business to accept purchasing cards for payment is different than establishing a standard retail merchant account or MOTO merchant account. Upgrading to a Vantage Level 3 merchant account is part of a complete business payment solution.
Level 3 merchant services are required for business-to-business (B2B) and business-to-government (B2G) sellers to qualify for the best available Interchange rates. The reality is that most businesses accepting commercial cards from their buyers are NOT qualifying for the BEST available rates because their merchant account is not set up or registered properly.