Government contractors Why pay 2.70% vs 1.9%?
Government contractors Why pay 2.70% vs 1.9%? With the many challenges facing contractors today, it’s no wonder that they have relied on their banks to set-up their credit card processing.
It’s regrettable that many in the contracting industry are unaware of the advantages that correct processing solutions can present.
To support acceptance of corporate & gov P-cards, MC & Visa have reduced interchange rates associated with these cards if Level-2 & Level-3 data is included in the transaction report.
Revolution Payments developed the level III processing technology to help contractors meet these requirements resulting in qualifying for MasterCard and Visa’s lower rates.
These reduced rates are passed on to the contractor dramatically lowering their fees and saving in many cases as much as 50% on our clients processing fees.
It has been our experience that the vast majority of contractors (75 to 80%) that engage in B2B and B2G processing are not aware of or properly set-up to take advantage of MasterCard and Visa’s special rates on the Corporate and Purchase Card programs.
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