Credit Card Processing P Cards | Government Issued Purchasing Cards
The use of corporate purchasing cards (p cards) and government issued purchasing cards (GSA) are increasing at a rate of 15% per year and approaching $200 billion in credit card processing transactions annually. Nearly double the 2005 transaction volume, it’s apparent that large companies and government agencies are straying from the aging and inefficient purchase order process, and taking advantage of the benefits included in the corporate and government purchasing card programs.
Although credit cards are a convenient and inexpensive method of payment by corporations and government agencies, they adversely affect merchants that accept them. Corporate and government purchasing cards (GSA) traditionally carry higher interchange rates and fees, costing merchants as high as 4-5 percent of a transaction.
At The Transaction Group (TTG) we are able to set up merchants with a Level 3 merchant account. A level 3 credit card processing account is different than a standard merchant account as it utilizes a tiered interchange pricing structure rather than simply tacking on a high non-qualified rate to the qualified rate.
Implementing a Level 3 purchasing card solution will allow your business to accept purchasing cards as payment at significantly lower rates than a standard merchant account, ultimately saving your business money.
If your business receives payment from business purchasing cards (p cards) or government purchasing cards (GSA) and you are currently not set up with a Level 3 credit card processing account, switch & start saving now!
For more information or to get started call us today at 888-383-8056.
Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?Â
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.
