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Purchasing – Card Not Present
Purchasing – Card Not Present Interchange: 2.70% + $0.10 Purchasing Card Not Present is the Visa Interchange rate for a purchasing card type card not present credit transaction. Change History: October 2017: 2.65% + $0.10 October 2011: 2.55% + $0.10 Transaction taken on a purchasing card that meets the criteria for either: CPS Card Not…
+ Read MoreHow to lower credit card processing interchange fees
I’m going to explain how to lower credit card processing interchange fees. You can implement some of these ideas to reduce the interchange fees you pay to accept credit cards. When it comes to your money, it makes sense to find ways to keep as much of it as you can. Interchange amounts to at…
+ Read MoreCommercial Card Optimization
Automated Commercial Card Optimization Take advantage of Level II and Level III processing to reduce costs. Many businesses are unknowingly leaving money table and don’t even realize it. The fees for accepting credit cards are a big part of doing business however, there are programs that existing to help reduce these interchange fees. There…
+ Read MoreReduce the High Interchange Fees Associated With Accepting Government Purchase Cards
Revolution Payments Reveals a New Service to Help Government Vendors Reduce the High Interchange Fees Associated With Accepting Government Purchase Cards. This program can lower a vendor’s cost of accepting government purchase cards by up to 43%. This solution will optimizes every credit card transaction to the lowest possible interchange rate. This is done by…
+ Read MoreLevel 3 Merchant Account
In this blog I explain why a level 3 merchant account is so vital if your accepting commercial or government credit cards. In fact, if your accepting B2B & B2G cards without being set up with a level 3 merchant account, your cutting deep into your profit margins and bottom line. For most businesses, credit…
+ Read MoreLevel 3 Payment Processing Lowers Your Cost
If you have clients that pay you with a Commercial or Government P- card, its extremely likely Level 3 Payment Processing Lowers Your Cost lowers your cost by 30% or more for B2B and B2G credit card transactions. Here’s the thing, you probably already know that whenever you take a credit card you have to…
+ Read MoreWhat is Level 3 Processing
What is level 3 processing Reduce your (interchange) cost of accepting commercial & government credit card transactions by 1%-1.5% with a (properly) set up level 3 processing merchant account. Level 3 processing is not for every business, restaurants and business considered travel/entertainment are not eligible. If you primarily sell to consumers vs. businesses, this is…
+ Read MoreLevel 3 Payment Processing
Level 3 Payment Processing —-Anyone accepting credit cards knows processing fees cut profits. But…did you know…B2B and B2G transactions fall into one of three interchange categories; Level 1, 2 and 3? The higher the level, the lower the rate. Visa & MasterCard reduce rates for transactions including Level 3 Payment detail What is Level 3…
+ Read MoreISO’s/Agents Please Read if using Gotobilling AKA Omnifund Gateway
We became aware last Friday that Omnifund started charging resellers clients using their gateway 6 basis points on their total credit card processing volume. To top it off, they are corresponding with our merchant services clients, asking for processing statements, and telling them they can switch to them and eliminate the fee increase. This type…
+ Read MoreGSA SmartPay Ghost Cards
What are GSA SmartPay Ghost Cards We have a lot of government vendors that inquire about needing the ability to process GSA SmartPay Ghost Cards. A ghost credit card is nothing more than a virtual credit card. Government agencies, corporations, and other large employers use ghost credit cards as an alternative to issuing credit cards…
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