B2BX

ccab2bx2cj

 

If you are a business to business transactor and you accept credit and or Purchasing cards, the rates can get scary.  If you’re not providing Level 3 data with each transaction you are paying too much. If ‘Level 3 data’ doesn’t sound familiar please call. We’ll share our tools with you and you’ll save money guaranteed. Usually 25-30% on your card acceptance costs. Our Virtual Terminal solution is easy to use, has an immediate ROI, and can be integrated into all the major accounting platforms. If you’re already accepting cards we can switch your processor seamlessly. You keep the same bank, the same accounting, the same procedures, you just use our Virtual Terminal from any computer screen or workstation in the office. See our sample transaction screen to understand how easy it is to save!

5 reasons to make the move to Level 3 data processing

  • ‘Interchange’ rates are set by Visa and MasterCard and comprise the majority of your total card processing. Lowering those rates on your transactions is the single most important cost element you can manage.
  • Supply data with the transaction that your purchasing customers might need. (makes you look good)
  • Improve procedures within the office to create time-saving efficiencies.
  • Correctly comply with Payment Card Industry Data Security Standards (PCI-DSS) to avoid costly and time consuming compliance issues.
  • Get a competitive advantage in a B2G market that only continues to grow.

ccab2bx2cj

Business-to-Business (or Government) FAQ’s

  1. What is Level 3 Data and how do I take advantage of the knowledge? Level 3 Data is information that gets passed along whenever you do a credit or purchasing card transaction using CoCard B2BX. Things like the $ amount, the card #, and the expiration date are all types of data passed during a simple card transaction. Level 3 data is a little more enhanced and includes information like the item #, item description, unit of measure and invoice #. Businesses and Governmental agencies need to receive this data to simplify record keeping and reconciliation. Visa and MasterCard recognize this and will give you lower processing rates whenever you provide it. Even if your customer doesn’t need the data you can still lower costs. Your customer only sees the data when he wants to and can do so easily with his card issuing bank partner.
  2. What is the PAYOFF? Visa and MasterCard give you a discounted processing rate if you pass along Level 3 data. Existing costs of 3-4% of your sales amount can be lowered to 2-3%. That’s a 25% reduction in your processing bill each month. It adds up quick.
  3. Why CoCard B2BX? Because we are the Level 3 solutions experts. We put on seminars for contractor groups, Web Meetings for Industry Verticals and conference calls for SBA-regionals. Educate first, and the clients will come is a fundamental to our business model.

New Mastercard and TSG white paper features PayTrace