In addition to popular consumer oriented products like debit cards and rewards cards, today’s buyers are using several types of commercial card products including business, corporate, fleet, purchasing and GSA purchasing cards. Establishing payment acceptance best practices helps manage different payment choices for competitive advantage.
Businesses are finding that not every customer or every invoice is best suited for issuing trade credit. Accepting commercial credit cards are an important component of a company’s payment policies. Yet, 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.
Setting up your business to accept purchasing cards for payment is different than establishing a standard retail merchant account or MOTO merchant account. Level 3 merchant services are required to qualify for the best available Interchange rates. In addition, most businesses are using business to consumer payment technology not capable of passing invoice level detail. Implementing Level 3 payment technology is required.
VantageB2B provides a Feature-Rich, Secure and Affordable Business Payment Processing Platform:
- Level 3 Merchant Services
Qualify for the best Interchange rates for both your consumer and commercial card payments - eCheck and ACH Services
Lower you overall payment processing costs by steering clients to lower cost ACH transactions - Consolidate Card and ACH payment methods into a single system
Card swipe, MOTO, e-commerce, echeck and ACH payments managed by single payment gateway - Recurring billing
Automate billing for repeat customers for both card or ACH payments - Electronic invoice presentment & payment
Email invoices with a secure payment button and receive payment on-line - eCommerce processing
Your custom payment page secures online payments and serves as a virtual sales force 24/7 - PCI data security
Securely transmit, process and store sensitive payment data off-site and off your network - Software integration
Level 3 API payment system integration into your operating software
At VantageB2B, we are continuously working to streamline and lower your costs of payment acceptance. Contact us for a consultation with a Commercial Payment Analysis.