Posts Tagged ‘level 3 processing’
Won 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 MorePayment Processing Fees for Government Contractors
In today’s competitive government contracting landscape, keeping overhead low is more important than ever. Yet, one hidden expense continues to chip away at margins — payment processing fees for government contractors. Many contractors unknowingly pay far more than necessary, especially on Business-to-Business (B2B) and Business-to-Government (B2G) transactions, simply because their payment systems aren’t configured to…
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 MoreHow to Lower Interchange Fees – Revolution Payments
I’m going to explain how to lower interchange fees by including level 2 and level 3 line item detail on your B2B and B2G transactions. This is geared towards businesses that primarily accept credit cards from businesses or government vs. consumer cards. You can implement some of these ideas to help reduce the interchange fees you…
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 &…
Read MoreReduce Interchange Fees Associated for Accepting Government Purchase Cards
Revolution Payments Reveals has a New Service to Help Government Vendors Reduce Interchange Fees Associated for Accepting GSA, Government Purchase Cards This solution will optimizes every credit card a government contract accepts to the lowest possible interchange rate. Behind the scenes this powerful automatically reclassifying government purchase cards and commercial cards to level 3 interchange…
Read MoreLevel 3 Payment Processing Solution For QuickBooks Online
Revolution Payments reveals a Level 3 Payment Processing solution for QuickBooks Online users. Level 3 processing can reduce the interchange for accepting credit cards from other businesses and or government by up to 43%. Interchange is responsible for the bulk of the fees you pay to accept credit cards; it’s also paid to the card issuing bank.…
Read MoreAccepting GSA SmartPay Cards
When it comes to accepting GSA SmartPay cards, it may be time to make some changes. Implement 21st century payment processing technology is required to keep your business both competitive and compliant. Accepting GSA SmartPay cards requires processing technology able to capture level II and level III payment data. Government & Commercial cards accepted without level…
Read MoreDiscover Hidden Savings With Revolution Payments Interchange Optimization Service
Discover Hidden Savings With Revolution Payments Interchange Optimization Service by qualifying for lower interchange categories on B2B and B2G transactions, and avoid potential downgrades. There is no cost for merchants for using this service. In exchange for helping you reduce your expense of accepting commercial cards, revolution payments keeps 50% of the savings from the…
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