B2B Merchant Account
Customized B2B Payment Processing Solutions
A B2B merchant account is for any business that frequently sells to other companies or government agencies. It differs from a retail merchant account in that it requires a customized setup to ensure that commercial credit card transactions qualify at their lowest possible interchange rate.
Commercial credit card is a term used to describe business cards, corporate cards, fleet cards, purchasing cards, and GSA SmartPay® cards.
A B2B business needs to have a merchant account setup to process commercial card payments securely and cost-effectively. Otherwise, your business will suffer shrinking profit margins due to high processing fees, and your payment environment will be vulnerable to criminals.
Look At Your Credit Card Processing Statement
Do you see ANY of the following terms 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
- Bill-Back - example: APR BB195 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 or Bill-Back Pricing
The two most commonly used pricing models for merchant accounts are Tiered Pricing and Bill-Back Pricing. Unfortunately, both lack transparency and cause a majority of credit card transactions to downgrade.
When a credit card transaction downgrades, it does not qualify at its "target" interchange rate. Instead, it receives a much higher rate, which in turn costs your business more money in interchange fees.
Be sure to AVOID both of these pricing models because they only benefit the payment processor who reaps increased profit off your merchant account from the downgrades.
What Is Cost-Plus Pricing?
The pricing model that we use is called Cost-Plus Pricing, also known as Interchange Plus Pricing. It works by passing through your credit card transactions at their respective interchange rates with only a small markup added.
Interchange rates are the wholesale processing rates set by Visa, MasterCard, and Discover, and they differ according to card type and transaction type. i.e., swiped, key-entered, or online.
Cost-Plus Pricing can reduce your monthly credit card processing fees up to 35% or more, which could save your business thousands of dollars in processing costs annually.
Level 3 Payment Processing
Commercial credit card transactions fall into one of three interchange categories: Level 1, Level 2, or Level 3. With Level 1 being the highest rates and Level 3 being the lowest. By qualifying your commercial card transactions at Level 3, you can save up to 1.5% on their interchange rate.
Level 3 Processing also provides enhanced transaction reporting, which is a requirement for most government contracts. This enhanced reporting will make the reconciliation process a lot faster for both you and your clients.
We offer a customized virtual terminal that makes Level 3 Processing quick and easy. As a result, your business will benefit from the substantial savings that Level 3 Processing provides without doing any additional up-front work.
American Express OptBlue™
AMEX OptBlue provides your business with the highest level of service and support by consolidating all of your credit card processing under one roof.
We 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.
We will reduce your American Express discount rates 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
Value-Added Benefits That We Offer for Free
- EMV Credit Card Terminals
- Payment Gateway / Virtual Terminals
- Mobile Card Readers
- Intuit QuickBooks Plugin
- Online Reporting
- Custom Gift Card Program
Stop Overpaying For Credit Card Processing
Contact us today for a no-obligation Free Rate Quote. Send us a copy of your recent credit card processing statement, and we will complete a detailed rate quote showing how much money your business will save in processing fees with a B2B merchant account. Your rate quote will be completed and sent to you within 24 hours.