Customized Payment Solutions for B2B Businesses
A B2B merchant account is for any business that frequently sells to other businesses or government agencies. It differs from a standard merchant account in that it requires a more customized setup to ensure that your commercial credit card transactions qualify at their lowest possible interchange rates.
Commercial credit card payments have steadily been on the rise surpassing $680 billion in sales volume in 2017. It’s essential for your merchant account to be correctly set up to process these payments in a secure and cost-effective manner. Because if not, you will have shrinking profit margins due to high processing fees, and your payment environment will be vulnerable to hackers.
Look At Your Credit Card Processing Statement
Do you see ANY of the following downgrades listed on your recent monthly statement?
- Qualified or Qual
- Mid-Qualified or MQual
- Non-Qualified or NQual
- Standard or STND
- Electronic or ELEC
- Level 1
- Data Rate 1
- Bill-Back – example: JAN BB196 Transaction Cleared…
If the answer is YES, this indicates that your merchant account is setup incorrectly, and your business is overpaying for credit card processing.
Avoid Using Tiered Pricing & Bill-Back Pricing
The reason for processing rates being traditionally much higher on commercial credit card transactions is typically the result of two commonly used pricing methods known as Tiered Pricing and Bill-Back Pricing.
Both of these pricing methods cause a majority of credit card transactions to downgrade. When a credit card transaction downgrades, a processing surcharge fee is assessed to the transaction. These surcharge fees can add 1% to 4% on top of your qualified discount rate.
This results in your business paying substantially high processing fees, while your merchant services provider reaps the benefit by making more profit off of your merchant account. It’s vital that your merchant account NOT be set up to use either of these costly pricing methods.
The pricing method that we use is called Cost-Plus Pricing. It works by passing through all of your credit and debit card transactions at their respective interchange rates, and then a small flat markup is added on top.
The interchange rates are the wholesale processing rates set by Visa, MasterCard and Discover for each type of credit and debit card.
Cost-Plus Pricing can reduce your monthly credit card processing fees by up to 45%. Helping your business to save thousands of dollars in processing fees annually.
Level 3 Payment Processing
Commercial credit card transactions fall into one of three processing categories: Level 1, Level 2 or Level 3. With Level 1 having the highest rates and Level 3 having the lowest. By qualifying your commercial credit card transactions at Level 3, you will save up to 1.5% on their interchange rate.
Level 3 Processing also provides enhanced transaction reporting which is becoming a requirement for most government contracts. This enhanced reporting will make the reconciliation process a lot quicker for both you and your clients.
We offer a customized virtual terminal that makes Level 3 Processing quick and easy. It allows your business to receive the substantial savings that Level 3 Processing provides, without doing any additional up-front work.
Level 3 Processing
American Express OptBlue™
AMEX OptBlue will provide your business with the highest level of service and support by consolidating all of your credit card processing under one roof. We will directly handle your AMEX billing, funding and customer support in-house, allowing us to become your single point of contact for all credit card processing matters.
Reduce your American Express discount rate by a minimum of .25% — guaranteed!
AMEX OptBlue Highlights:
- Lower Discount Rates
- Lower Transaction Fees
- No Monthly Statement Fee
- Next Day Funding On Deposits
- Consolidated Monthly Reporting
- We Become Your Single Point of Contact
Value-Added Benefits That We Provide for Free
- Free EMV Credit Card Terminal
- Free Payment Gateway Setup
- Free Mobile Card Reader
- Free Plugin for Intuit QuickBooks
- Free Online Reporting Tool
Stop Overpaying For Credit Card Processing
Contact us today for a no-obligation Free Rate Quote. All we need from you is one recent credit card processing statement to review and compare. We will send you back a detailed side-by-side rate quote showing your projected monthly savings within 24 hours. Just follow the link below.