Revolution Payments Insights
save processing dollars by working with a payment processor who can do a dual SIC code to qualify for utility and emerging market rates.+ Read More
Merchants should also be aware that when the appropriate information is included in a Level 3 purchase, they are rewarded with lower processing rates which can be as much as 1.00%, depending on the provider. Merchants also score additional points with the accounting departments of these organizations because of the usefulness of the enhanced data reporting. Here are the different information fields that need to be captured in order to qualify for the best processing rates+ Read More
The GSA SmartPay® 2 program provides charge cards to U.S. government agencies/departments, as well as tribal governments, through master contracts that are negotiated with major national banks. There are currently over 350 agencies/organizations participating in the program spending $30 billion annually, through 100 million transactions on over three million cards.+ Read More
Purchase card acceptors value the faster payment, streamlined A/R, and increased float that accompanies credit card payments. At the same time, they are increasingly scrutinizing the rates and transaction cost they incur. Switching to Level III processing is a concrete and cost-saving step that will provide an opportunity to better serve your existing customers, and possibly open new doors.+ Read More
There are three levels of credit card processing, with each providing a higher level of information about the purchase. Level I processing is used by merchants accepting personal credit cards, while Level II is used by merchants processing corporate credit cards. However, because of this detailed requirement, governments encourage Level III processing.+ Read More
Level 3 processing gives you the merchant the ability to process procurement or purchasing cards (cards used typically by larger companies and definitely by the government). Line item detail such as item descriptions, quantity, price, freight and other pertinent information required for streamlined accounting and business practices are required for Level III. This detail defines…+ Read More
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+ Read More
If you’ve already got a merchant account and can accept credit cards, then you’re headed in the right direction to making your business successful. So what else can you do? Many clients of Revolution Payment Systems are looking for ways to improve their POS systems, but don’t necessarily have the budget to add necessary services or upgrade retail credit card machines like they would like to do. .+ Read More
This cash advance model provides you with the capital you need to grow your business without all of the hassle, red-tape and gimmicks of traditional bank loans. You won’t have to worry about having enough cash on hand at the end of each month to make your loan payment because it will have already been paid for.+ Read More
These days, rarely anyone carries around a wad of cash. In the old days, before the era of plastic credit cards, folks that wanted to drop a large amount of money at once, for instance, to reserve a hotel room or go out to an expensive dinner, were required to carry a large amount of…+ Read More
If processing ACH payments and credit card payments in one solution with unified reporting wasn’t already convenient enough, QuickBooks users can now benefit from seamless integration. Revolution Payment Systems has released a lightweight application that quickly and easily builds itself into the native+ Read More
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