If you accept card payments from other businesses, there's a good chance you're regularly processing commercial, corporate, or purchasing cards.

Earlier this year, Visa updated the requirements for these transactions to qualify for the lowest available card rates, and similar changes are continuing across other card brands.

The information captured with each transaction (and whether your payment software can properly transmit it) can directly impact what you pay.

Using a conservative estimate the annual impact can add up quickly:

• Annual Impact on B2B Volume:

  • $5,000/month = $450/year

  • $10,000/month = $900/year

  • $15,000/month = $1,350/year

  • $25,000/month = $2,250/year

  • $30,000/month = $2,700/year

This change affects all businesses, regardless of the processor you're using - the key is whether the correct data is being captured and transmitted to qualify for the best available rates.

As part of your membership, TSC can review your most recent end-of-month processing statement to identify whether these transactions are costing you more than they should.

Let me know if you have a few minutes to chat and I would be happy to jump on a call to give further detail on this.

Phone: 509-939-2434
Email: shane@transactionsolutionsconsulting.com
Visit our website: https://transactionsolutionsconsulting.com/