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 to employees. Each employee uses a ghost # and the organization pays for all charges using a single account. A single use account does not require a physical credit card in order to function like one. A single use account is a virtual account number
that may be used during a limited time period, for a limited dollar amount, and/or for a specific vendor along with other limitations and restrictions.
The card numbers can be processed like any credit card however, these cards still qualify for level 3 credit card processing rates, so make sure you work with a processor who can set you up to take advantage of the lower interchange rates you receive for passing level 3 line item detail. Level 3 processing will lower the interchange costs on these transactions by 30%-40%.
Questions or need help getting set up to accept Ghost Cards, give us a call @ 888 790 34350
Revolution Payments is a Level 3 Credit Card Processor For Government Contractors/Suppliers & B2B Merchants