Understanding of Ghost Card Payments

This short blog will give you an understanding of Ghost Card Payments and the benefits and new revenue stream it can provide for your company.

Introduction:
Ghost cards offer a streamlined approach to company purchasing, facilitating expense tracking by department and earning a percentage of interchange fees. Here’s a comprehensive guide to understand their benefits, acceptance, protective features, and implementation details:

Who Benefits from Ghost Card Issuance?

Mid- to large-sized companies stand to gain significantly from adopting ghost card payments. These cards can be assigned to individual departments, allowing easy tracking and utilization for authorized purchases.
Acceptance of Ghost Card Payments:

Ghost cards are widely accepted by vendors and suppliers that accommodate credit or debit card payments. They can be branded as Visa, MasterCard, Discover, or Amex, ensuring flexibility in transactions.
Protective Measures of Ghost Cards:

Customizable controls empower companies to enforce spending limits, restrict purchase amounts, and prevent cash withdrawals. By eliminating petty cash, reimbursements, and check writing, ghost cards bolster financial security and efficiency.

Issuing Ghost Card FAQ:

Control over Payments: Companies retain full control over payments from start to finish, with options for automated payments while retaining decision-making authority.

Cost: The Revolution Payments  virtual card service is offered for free, with competitive rates on ACH and check payments, ensuring cost-effectiveness for businesses.

Simplicity and Time Efficiency: Ghost card services streamline the payment process, consolidating all activities into a centralized platform, thereby optimizing efficiency without imposing additional complexity.

Suppliers’ Acceptance: Suppliers prefer card payments over checks due to guaranteed transactions, faster processing, reduced fraud risk, and simplified reconciliation, making ghost cards a preferred option.

Data Security: Unlike personal cards, ghost cards provide enhanced security by safeguarding sensitive information and minimizing the risk of unauthorized access or misuse.

IT Capacity and Support: Revolution Payments offers comprehensive support, eliminating the need for extensive IT resources and ensuring a seamless transition process.

Integration with Existing Banking Services: Companies can continue using their preferred bank for ACH and check payments, maintaining existing relationships while capitalizing on the benefits of ghost cards.

New Vendor Onboarding: Revolution Payments handles the onboarding process for new vendors, simplifying administrative tasks for clients.

Flexibility in Payment Adjustments: Ghost card payments offer flexibility in adjusting payment amounts and methods, ensuring smooth transactions even in scenarios where vendors require partial payments or changes in payment information.

Rebate Disbursement: Rebates are typically disbursed quarterly but can be arranged for monthly payments upon request, providing additional financial benefits to clients.

Having an understanding of Ghost Card Payments can help your business streamline the purchasing process while allowing you to track expenses by each department while earning a percentage of the interchange fees.

For further inquiries regarding ghost card issuance or an understanding of ghost card payments

contact Revolution Payments at 888-790-3450.