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Corporate Cards & Purchasing Cards

Corporate Cards & Purchasing Cards have become increasingly popular. Merchants who accept these cards have the added benefit of qualifying for our lowest interchange rates, which is the fee paid between banks to accept these cards. This in turn will help you lower your Visa and Mastercard payment fees.

Additional Benefits

  • Paperwork reduction
  • Decreased collection time with fast authorization and settlement
  • Receive credit card receivables within 2-3 days
  • Fraud protection
  • Customer convenience
  • Matching invoices and requisitioning checks
  • Full invoicing capability

More companies today authorize and control corporate purchases by placing purchasing cards in the hands of their employees and partners.

Corporate Cards & Purchasing Cards Increase customer loyalty and achieve preferred supplier status by offering processing capabilities specifically tailored to their corporate needs. Purchasing card acceptance provides value-added service to your customers and partners.

Purchasing cards are an effective business-to-business (B2B) solution

Corporate Cards & Purchasing Cards help corporations reduce the administrative costs associated with authorizing, tracking, paying and reconciling small purchases, while maintaining control over their company’s purchasing process.

Merchants that accept purchasing cards and enjoy preferred vendor status

Attract the thousands of American businesses that process more than $300 billion of business-to-business purchasing transactions. Accepting purchasing cards allows you to capitalize on this growing B2B opportunity and encourage corporate customers to patronize your business.

Level 2 Purchasing Card Processing

A level 2 purchasing card is a type of business credit card that can be issued to employees for use in routine purchasing functions, for travel and entertainment, for fleet-related expenses, or combinations of purposes.

Efficiency in operations is achieved when using Corporate Cards & Purchasing Cards through the willingness of card issuing financial companies that tailor their merchant account invoicing and reporting offerings to easily integrate with your accounting system, IT capability, or other data operations. This can lead to more control and better performance from a broad spectrum of core business functions.

A Level 2 credit and/or debit card processing account typically means that the account processes larger transaction volumes. To be approved for a Level 2 processing account, you are required to collect extra information before a transaction can be processed. This extra information allows for Visa and Mastercard to let SecureGlobalPay offer you a lower interchange rate. Visa and Mastercard assume that sales for Level 2 processing are likely to be legitimate because of the extra information that is collected. In other words, they feel their risk of chargebacks is significantly lower with these accounts and will reward you for being in a lower risk category.

Processing for Level 2 data requires the same hardware/software components for processing as a regular retail account. You will receive a credit card terminal, or a payment gateway that is configured for Level 2 credit/debit card processing.

Information Needed for Level 2 Credit/Debit Card Processing

When submitting customer information for Level 2 processing for either commercial, corporate, business and government purchasing, you will be required to ask for the following information:

  • Credit Card Number
  • Expiration Date
  • Billing Address
  • Zip Code
  • Invoice number
  • Customer Code or PO Number (the four digit number that will appear on the cardholders billing statement so they can track purchases made with a Level 2 card.)
  • Sales tax provided separately (If there is no sales tax amount just enter $0. If no amount is entered the merchant will not receive the lower interchange rate.)

Level 3 Purchasing Card Processing

A level 3 purchasing card is a type of business credit card that can be issued to employees for use in routine purchasing functions, for travel and entertainment, for fleet-related expenses, or combinations of purposes.

Efficiency in operations is achieved through the willingness of card issuing financial companies to tailor their merchant account invoicing and reporting offerings to easily integrate with your accounting system, IT capability, or other data operations. This can lead to more control and better performance from a broad spectrum of core business functions.

Level 3 (or Level III) processing is for businesses who process credit/debit cards exclusively for business-to-business purchases and government cards.

Many times, Level 3 interchange rates can be up to 1.00% lower than your average retail rate. However, to process Level 3 data, you are required to input more detailed information for each transaction. Additionally, processing Level 3 data can only be done through a customized payment gateway. Please call your SecureGlobalPay representative to get pricing.

Information Needed to Process Level 3 Credit/Debit Cards

To qualify for Level 3 credit/debit card processing you will need the following information to complete the transaction:

  • Credit Card Number
  • Expiration Date
  • Billing Address
  • Zip Code
  • Invoice number
  • Freight amount
  • Duty amount
  • Information about the Product or Service
  • Product Quantity
  • Item Amount
  • Unit of measurement