Posts Tagged ‘government purchase cards’
How Government Contractors Get Paid — And What It Costs When They Do
Understanding how government contractors get paid is one of the most practical — and most overlooked — aspects of doing business with the federal government. There are more resources than ever to help contractors win government contracts. The gap is on the other side: once the contract is awarded and the work is delivered, most…
Read MoreSurcharging Government Purchase Cards — What Government Contractors Need to Know
Some government contractors are permitted to do surcharging on government purchase card transactions. Whether doing so makes sense is a different question — and for contractors who choose not to surcharge, there is a path to significantly lower interchange costs that most processors never mention. The question of whether government contractors can surcharge government purchase cards is…
Read MoreWon a Government Contract — Now What About Getting Paid Correctly?
For any contractor asking won a government contract now what — the answer almost never includes what to do about accepting payments correctly. Winning a government contract is a significant achievement — and the government contracting industry has built an entire ecosystem around helping businesses get there. SAM.gov registration services, proposal writers, CAGE number consultants, bid…
Read MoreGovernment Purchase Card PO Descriptor — What VA Vendors Need to Know
For vendors accepting government purchase cards from federal agencies such as the Department of Veterans Affairs, properly capturing and transmitting purchase order information can be an important part of both transaction reconciliation and Level 3 interchange qualification. The challenge is that simply having a gateway that supports Level 3 does not necessarily mean every required data field…
Read MoreHow Government Contractors Can Reduce Credit Card Processing Fees
Even after the contract is awarded, many government contractors unknowingly overpay on credit card processing — not because of high processor rates, but because of how transactions are configured behind the scenes. If you’re wondering how government contractors can reduce credit card fees, it starts with understanding interchange — the non-negotiable base cost set by…
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 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 MoreGovernment contractors Why pay 2.70% vs 1.9%?
Government contractors Why pay 2.70% vs 1.9%? With the many challenges facing contractors today, it’s no wonder that they 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. To support acceptance of corporate &…
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