Accepting GSA Cards For Your Business
GSA SmartPay2 cardholders may carry the following card brands: Visa, MasterCard, and Voyager. Voyager cards may only be used for fleet related purchases. You can maximize your ability to capture Government sales by accepting these charge cards and sending level 3 line item detail.
GSA SmartPay2 charge cards operate just like other charge cards. If you already accept these card brands for non-Government purchases, you can accept Government charge cards. If you do not currently accept these cards, contact any financial institution to learn more about establishing a merchant account.
Businesses and vendors that wish to obtain a schedule contract to do business with the Federal Government are required to accept the GSA SmartPay charge cards as a method of payment for micro-purchases, generally those purchases under $3,000. The rules and requirements for accepting cards are defined by the card associations and also cover Government charge cards.
Accepting the GSA SmartPay is beneficial to your company because you can maximize your ability to capture Government sales. If you already accept these cards from the commercial sector, there is no additional work to do as the GSA SmartPay2 charge cards operate just like any other corporate charge cards. Merchants that accept GSA SmartPay charge cards should consider level-3 processing. Government buyers are encouraged to work with vendors who can pass level-3 Data. When set up properly you will see a savings of 30-40% on these transactions.
Level-3 will not only save you on GSA but All your Business-2-Business sales.