Remove Commercial Card Remove Mitigation Remove Processing Costs
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Visa Business Product 1 and Business Product 2 Interchange

Cardfellow

You can work with your processor to attempt to mitigate downgrades, but keep in mind that in many cases, your processor doesn’t benefit financially from helping you lower costs at the interchange level. Its easy to miss qualifying for a lower-cost interchange category if you are not optimizing your commercial card acceptance.

Product 52
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The Virtual Card Case For Nonprofits

PYMNTS

According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card. Commercial cards are often a preferred payment choice among payers for their opportunity to build up rewards. Virtual cards, the report noted, can do the same. The first is cash rebates.

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What is B2B Payments Processing and How Do You Implement It?

Stax

On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 card processing. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly.

B2B 88
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Accounts Payable’s Opportunity To Become A Profit Center

PYMNTS

At a higher level, capabilities like the ability to obtain invoice data and efficiencies gained through automation can save on operational costs, from invoice processing to labor costs of AP professionals taking time to manually input data. Research has found manual invoice processing costs an average of $10.08.

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How Businesses Can Maximize Cash Flow and Improve Payment Collection Rates with Credit Cards

Evolve Payment

What About Commercial Cards for B2B Transactions? Some merchants hesitate to offer credit cards as a payment method for their B2B clients because of the high processing fees. The question changes from “how much is credit card processing costing us?”