Business, Corporate / Purchasing, & Government cards
Each card has a different rate structure and requirements, but all are eligible for discounts.
Business cards are very commonly held by small and mid-sized business owners. Without accepting level 2 data, rates are typically in the 2.40% - 2.95% range. These fall to 2.05% - 2.20% when using the AND gateway. Business card interchange rates are based on both the merchant business type, as well as the cardholder's annual spend-level. The more your customers use their business cards (at any business), the higher the interchange rates that accepting merchants pay.
Purchasing / Corporate
These cards are typically issued by larger organizations, and their employees will have restricted spending categories - for example, employees may be authorized to make payments at merchants that are classified as "B2B" only. The card simply wouldn't work at a retailer/restaurant. These cards are also eligible for heavy rate reductions, down to 1.75% (MasterCard) and 1.90% (Visa) on smaller sales. Transactions that get bigger ($5k - $8k) can get rates down to 1.45%.
Issued to towns, cities, and other governmental entities - these cards are eligible for the lowest possible interchange rates. When accepting level 3 data (by using a gateway like AND) rates can get all the way down to 1.20% (Visa). This is due to the fact that payments from governments are very low risk, from a chargeback perspective. Merchants who commonly accept government cards include courts, bail bonds, postal services, toll-roads, transportation, and other government-related merchants.
We're serious about saving money.
AND is dedicated to getting your processing rates as close to zero as possible. We utilize membership pricing along with cash discounting and surcharging programs to maximize savings. Let our analysts review your statements and see how much money we can put back in your pockets.