Challenging economic climates force companies to continually seek new efficiencies and to explore new cost cutting methods that will improve the bottom line. Consulting with a level III payment professional like Revolution Payment Systems can help you reduce what your spending to accept Commercial, P-Cards, GSA and Business Cards. Improving your Accounts Payable (AP) process has become increasingly important in an era of tightening credit where adequate cash flow and greater control over company payables are critical in sustaining business operations and maintaining liquidity.
Commercial Credit Cards are being used to replace costly and inefficient paper-based processes. The benefits of accepting these cards include improved payment time from 30-60 days to next day with Revolution Payment Systems next day funding option. With Revolution Payment Systems you no longer have to worry about floating funds or costly collection expenses.
Setting up your business to accept commercial, business and government payments is very different from establishing a retail/MOTO account.
Complexity in how rates are determined can have a great impact on your bottom line. Using a merchant service provider with limited experience in setting up B2B & B2G merchant accounts, means that you will not receive the incentive rates. Many factors impact the accuracy of processing the correct codes and ultimately qualifying your company for the best rates, making it imperative that you work with Revolution, a seasoned B2B & B2G specialist.
If any of your customers include: Government Agencies; other Corporations; Universities or similar Organizations, you are a perfect candidate for Revolution’s “Level-3 Processing System.”
Revolution payment systems can help you set up a level 3 merchant account which will save you 20-30% in merchant service fees.
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