B2B and government purchasing card payments continue to grow at a very fast pace due to their ability to track and control spending as well as replacing inefficient and expensive paper based processes. In fact, commercial credit cards like GSA, Business, Corporate and Purchasing card volume is expected to reach close to $200 billion in 2010. Unlike consumer based credit cards, Business, Corporate, Purchasing and GSA (Government) cards have the ability to collect and report both level II and III purchasing card data replacing tedious paper based systems.
Control Interchange Expense
Interchange accounts for 90% of the total cost of processing credit card transactions. Managing and qualifying at the lowest possible interchange level is the best way to reduce total card acceptance costs. In fact, sending Level III data on qualifying cards can reduce your processing cost by as much as 90 basis points ($90.00 on a $10,000 transaction).
Level II – Qualification criteria
Level III – Qualification criteria
Line Item Transaction Detail
Level III Payment Solutions
Collecting and passing this data is made Simple with Solupay. Once we perform our review of your processing needs, Solupay will work closely with your staff to implement level III support via our virtual terminal, software, or full integration with your systems (ERP, Order Entry, Accounting, Web Site).
It’s what you owe to your customers and it’s what we give to you.
Dedicated Relationship Manager
While PUBLICLY traded banks and processors are reducing staff, Solupay has been adding relationship managers to ensure that every one of our clients has a dedicated individual to handle their UNIQUE processing needs. Your relationship manager will remain a constant and direct contact for you at Solupay, a person highly invested in the success of your business.
Integrate Without Hassle
We integrate seamlessly with over 4000 POS, ERP and accounting systems and have performed thousands of complex installs without any downtime.
Reporting Sent Anywhere You Request
Forget user ids and passwords. We can email virtually any report you like, in any format you request to you and even your accountants. Find out more about both our Online Reporting and eMail Reports.
Cut internal fraud off quickly. Internal fraud is a serious threat to any business. Our fraud and/or suspicious transaction reports can be sent directly to senior management immediately. Solupay works with many vendors to help mitigate your chargeback liability. In addition, we recently developed our a proprietary Click-To-Score Fraud Tool designed to eliminate costly chargebacks.
Next Day Funding
Expedite cash flow on all Visa, MasterCard, Discover and American Express. Money can be funded in as little as the next business day.
One deposit is now available for all Visa, MasterCard, Discover and American Express deposits. To keep things simple, we take our fees out once a month NOT daily.
Disruption Free Conversion
Change is EASY and Painless with Solupay. Why? We plan ahead, test and do not leave until everything works flawlessly.