Are your B2B credit card processing rates too high?
More than 90% of B2B companies that accept credit cards are processing payments like a standard retailer. This causes them to miss out on discount rates exclusive to B2B payments. VISA, MasterCard, Discover and American Express offer B2B rates that can lower the cost of a single transaction by as much as 68%.
These rates are only available to businesses that process as B2B merchants through a Level 3 payment gateway and virtual terminal. If you’re using a standard retail credit card terminal to process your payments, you’re definitely paying too much.
Learn more about how XBS Global can help reduce your costs with our B2B merchant services, Level 2 and 3 credit card processing, and QuickBooks Integration.