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According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card. Commercialcards 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.
On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 cardprocessing. These levels require you to provide more transactional data and when implemented properly, you can lower your credit cardprocessingcosts significantly.
Payment platforms that can easily integrate with existing ERP and accounting software ensures smooth data flow and easy reconciliation. Additionally, globalization and international trade are pushing businesses to find more efficient and cost-effective solutions for cross-border payments.
They streamline everything from manually keying in a credit card transaction to handling payroll and reconciliation. We’ve helped our merchants from many different industry verticals with the PCI compliance process. Integrations are important because they make things faster and easier.
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