Posts Tagged ‘accepting government purchase cards’
Government Procurement Card: What It Is and How Vendors Can Lower Processing Costs
A government procurement card, also commonly referred to in the United States as a government purchase card, purchasing card, or P-card, allows government agencies to purchase goods and services directly from vendors using a commercial credit card. For merchants and government contractors accepting these cards, there is an important opportunity that is often overlooked: Visa…
Read MoreGovernment Contract
As a government contractor, you’ve dedicated time and effort to secure a government contract. But once you win it, are you set up to accept government purchase cards in the most cost-effective way? Few contractors are aware that Visa and MasterCard offer exclusive rates that can reduce transaction fees by 1%-1.5% for those who meet…
Read MoreDo You Accept Government Credit Cards
Do You Accept Government Credit Cards… If not, you are most likely missing opportunities you didn’t even know about. Although commonly referred to as the federal contracting market, it’s more accurately described as the federal purchasing market. Why? Because not everything the government buys requires a formal contract. In fact, the most common purchasing method…
Read MoreSave Money with Level 3 P-Card Processing
If you are a government contractor who accepts credit cards you should familiarize yourself with level 3 credit card processing. Visa and MasterCard created special rates as a way to encourage government government contractors to enter level 3 payment detail. Doing so can lower your cost of accepting these cards by 30%-40%. Make sure you…
Read MoreHow I saved this government contractor over $4,600 per month in fees w/o changing their rate
With the many challenges facing contractors today, many 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. Many years ago MasterCard and Visa have created special interchange rates to support purchase card programs…
Read MoreBest Practices for Accepting Government Purchase Cards (GPC)
Accepting Government Purchase Cards (GPC) can be an excellent opportunity for businesses that sell products and services to federal government agencies. However, accepting a Government Purchase Card is different from processing an ordinary consumer credit card. The way the transaction is set up, processed and submitted can have a significant impact on your interchange costs.…
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