Purchasing & Corporate cards

 

Purchasing, Corporate and Business cards are increasingly being presented in business-to-business purchases for payment of purchase orders and invoices. As a merchant accepting these cards, you can qualify for the lowest interchange rates available by using Level 2 or Level 3 card processing. This allows for capture of a customer code and tax amount in addition to the standard payment information. With a Level II or Level III merchant account, you will be able to manage your Interchange pricing qualification and lower your cost of processing MasterCard and Visa transactions.

 

Level II Card Processing

 

Level II pricing requires the use of a compliant system that collects and submits the proper information through Interchange. We offer a range of terminal-based applications software solutions as well as a full line of eCommerce Level II and III Internet gateway services for Web orders.

 

Level III Card Processing

 

Many businesses today have converted to an electronic payment method from suppliers in order to reduce the high purchasing costs associated with purchase order generation. Suppliers who have the ability to capture Level III data can provide their customers with a cost-efficient alternative to purchase orders by providing full invoice detail on cardholder statements. At Launch Payments, we can provide you with Level III transaction processing applications that cater to the product and informational needs of corporate customers. The set-up is quick and simple.

 

Advantages:

 

1.     Paper reduction - Reduces or eliminates costly paper invoice generation Improved cash flow - Decreases collection-time amount with credit card receivables to 2-3 days, rather than the traditional 30-day (or more) invoice process

2.     Fraud protection - Reduces the risk that can be associated with traditional check collection procedures

3.     Customer recruitment and retention - Keeps your existing customers that institute a purchasing card program while attracting the many more that will pave the way for electronic purchasing

4.     Electronic commerce - Facilitates electronic commerce for business-to-business transactions as corporations become more savvy at Internet purchasing

5.     Customer convenience - Streamlines cardholder purchasing by eliminating the process of requesting purchase orders

6.     Matching invoices and requisitioning checks - Provides full invoice detail with each Level III purchasing card transaction that will then appear on the buyer's monthly credit card statement

7.     Fast authorization and settlement for Visa,® MasterCard® and American Express® purchasing card products

8.     In addition to Level I and Level II data, full invoice detail between seller and buyer is provided, including:

o    Freight/duty amount

o    Product code

o    Product description

o    Ship from ZIP code

o    Unit costs

o    Quantities

o    Discount amount

o    Destination zip code

o    Attractive interchange rate to offset cost of additional transaction detail

o    Comprehensive chargeback processing

o    Traditional payment card acceptance (with traditional transaction detail)