by Chandra | Jun 10, 2024 | Business to Business News, Invoicing and Paying, Level III B2B
Today, B2B Merchants need to save money every way they can. If you are selling to other businesses, you are probably paying higher rates because of the types of cards you are accepting. It’s difficult to control this because of the cards your clients are paying with. If you are one of these merchants, it’s time you looked into optimizing your interchange. Level III processing accomplishes just that, it saves you on every transaction by adding the required data needed transaction. All you have to do is upgrade your current processing system.
Real Numbers
Some examples from the MasterCard interchange schedule at the time of this writing illustrate how savings happen with Level III Processing. The standard interchange is 2.95% plus 10 cents. Processing rates are adjusted, more often than we’d all like. Other factors come into play like the amount of the depending on the amount of the transaction. But say the rate is 1.8% plus 10 cents, which is realistic if the transaction is about $7,500. Higher transaction amounts yield even more significant savings. But using the data above, a $5,000 transaction would cost a merchant $47.60 with standard processing. With an uplifted Level III, the cost would be $90.10, for a single transaction savings of $57.50! For more information about MasterCard processing, got to https://www.mastercard.us/en-us/merchants/get-support/merchant-interchange-rates.html.
Simple Solutions
Credit Card Processing Software Programs today are more intelligent and many are integrated into a company’s ERP System. They should always include up-to-date security technologies that safeguard customers’ credit card data. A responsible and forward-thinking company not only wants to save money but also wants a system that is efficient and secure. Implementing a Level II & III Payment Processing System enables you to pay less per transaction. At the same time, these systems are routed for more information which is conveyed per transaction. The system can also save buyer information for future transactions, and that streamlines the process later. More details are sent per transaction with Level II & II Data processing means merchants will now also have a better system to keep track of a customer’s purchases. This heightens reporting power give a merchant the ability to market better and manage their business better.
by Peter | Nov 17, 2016 | Invoicing and Paying, News, Security
Using our ACH and Paycard solutions, you can remove your sensitive data from the world and save an enormous amount of time and money.
Check washing and identity theft are skyrocketing for both customers and business owners. Isn’t it time you safeguarded your accounts and removed the data? We can help!
Use our ACH Program to Remove the Data
It’s simple. Your customers no longer have to write and mail monthly checks to pay their bills or buy your product or service. Instead, they pre-arrange to make payments automatically, electronically, and on time via the safety and security of the Federal Reserve’s Automated Clearing House (ACH).
This safe and secure software is designed to create, manage, and process electronic transactions from your computer, website, or mobile device. As an added bonus, you can use the same software to fund employees, independent contractors, or even a general spending card.
Paycards
We can issue a pre-paid card free of charge in lieu of payroll checks or cash and remove your sensitive data.
Advantages to Employers
- Eliminating paper checks reduces costs for printing, distribution, overhead, and administrative responsibilities associated with payroll.
- Offer direct deposit benefits to your “un-banked” employees, saving them time and money.
- No costs to the employer
- Comprehensive reporting reduces your accounting workload
Our system is web-based. There are no programming requirements or changes to your current accounting or payroll systems.
Benefits for Staff and Independent Contractors
Payroll Card transactions are safer, faster, and more accessible than cash transactions.
- No Overdraft fees
- No Hidden fees
- Fees fixed
- No Qualifying
- Private labeling is available
Our reporting allows your staff to accurately answer any questions at any station where the card is accepted.
Multiple card types for Independent Contractors, employees, and their families.
Reloadable Expense Cards
Card Systems provides secure, remote expense card loading—just the right amount at just the right time. There is no need to tie up funds unnecessarily or expose your accounts to questionable charges. Provide employees with cards and load the funds only when needed. Cards are reloadable.
It’s great for employees on the road, meeting with clients, on special assignments, or even picking up supplies.
Minimize Risk
There’s no need to tie up capital in prepaid cards. Load the funds needed, and they will be instantly available to employees, even if they are thousands of miles away. Don’t tempt employees with unnecessary cash. Provide just what’s needed and when needed, and monitor all expenses from your desk.
by Peter | May 28, 2015 | Capital or Financing, Invoicing and Paying, News
Instances covered by news media of employee theft via credit card misuse underscore the need for businesses to regularly consult with their a payment solutions provider for a review of all facets of payment operations. While paper checks still dominate the commercial payment landscape, the fastest growing card is the reloadable (prepaid) signature card. Most individuals think of prepaid cards as being a card utilized by consumers, however commercial, reloadable cards provide significant financial security for businesses, business owners, and employees.
Considered a type of general spending card, the commercial prepaid card uses a business’ own money for making purchases. By loading a specific amount for official use by a staff member, the financial security of the company can be preserved by limiting access to total funds on deposit and safeguarding the organization’s line of credit. Should the cardholder data become compromised due to physical loss or fraud, the reloadable commercial card can be shut off immediately.
Talk to your friends at Card Systems about implementing reloadable signature based payment cards within your business to decrease the likelihood of employee misuse of corporate financial resources. We’ve got innovative solutions to empower your business growth.
