As we move closer and closer to being a cashless society, we are at the same time moving away from invoices being shuffled back and forth between businesses. Enter purchase cards (& Government Service Association Cards). Purchase cards are slowly but surely replacing purchase orders or invoices. Whether it is to pay for services to a large airline or to the United States government, these large entities are now using purchase cards as a form of payment.
These transactions require more information to be transmitted to the issuing bank of that particular purchase card. The discount rate is also determined based upon the information transmitted, as well as the size of the transaction.
We at MBPS specialize in setting up your commercial business with the ability to accept these purchase cards at the best possible rate. Please contact us for more information.