Government Contractors and Vendors can reduce the cost of accepting Government and Commercial credit cards by as much as 40% with Revolution Payments value enhancing payment technology
Revolution Payments, the leader when it comes to Level-3 payments. Our specialized payment solutions are helping
Government Contractors and Vendors Reduce the cost of accepting government and commercial credit cards by as much as 40% with our value enhancing payment technology.
With the challenges contractors face Most contractors have relied on their bank or existing processor to set up your account to accept government and commercial credit cards, unfortunately most sales professionals lack the knowledge and are ill equipped to properly manage the level of processing data required for government credit cards.
Even if someone is honestly trying to do a good job their inexperience when it comes to interchange and commercial credit cards could be driving a contractors expenses up. Statistics show us at least 3 out of 5 Vendors have not been set up to accept Government P-Cards properly.
Most were set up to accept standard consumer credit cards as opposed to purchasing cards.
Setting up a merchant account to accept government and commercial credit cards is different than a standard merchant account. Unlike other cards, commercial cards have more features, capabilities and controls than other types of credit cards. They also have tiered interchange rates and are priced differently than consumer or retail transactions.
As Stated on the GSA Site: Visa and MasterCard have created special rates to support Purchase Card programs reducing the merchant transaction costs (Interchange) if Level-3 line item detail information is transmitted with the transaction. By providing Level-3 data, a supplier may reduce their credit card processing fees – often by 30% to 40%.
While Level 3 processing has considerable advantages that may help a supplier increase government sales, its in demand by federal buyers and could reduce a suppliers transaction cost by 40% , it has historically been used infrequently. And may suppliers processing with level 3 detail have not been set up to receive 100% of the available interchange rebates.
Statics show us at least 3 out of 5 vendors are not processing properly.
Revolution Payments has simplified the process for vendors to receive these interchange rebates. Aside from making sure merchants have the correct rate structure and set up properly Revolution’s payment technology automatically sends Level 3 payment detail on a supplier’s behalf without you lifting a finger regardless of the processing method.
This dramatically increases a suppliers profit margins even when their pricing is fixed.
Since the savings comes as a result of capturing interchange revenue that will otherwise go back to the card issuer a suppliers current rate and processor is irrelevant
Revolution Payment Systems is a full service payment provider for Government Contractors and Suppliers B2B /B2G that require a provider who can support the qualifications required for Level-2 and Level-3 Processing. Revolution Payments is revolutionizing the way contractors accept government credit cards while simultaneously reducing their costs.
Government Contractors and Suppliers interested in learning more about Revolution payments should contact us at 888 790 3450 or Visit https://www.revolution-payments.com/contact-us/