Understanding Fleet Cards: Why Merchants Should Pay Attention
What is a Fleet Card?
Fleet cards are specialized payment cards issued by businesses and government agencies to manage the fuel and maintenance expenses of their vehicle fleets. These cards are accepted at a network of gas stations and repair shops, allowing businesses to centralize and streamline purchases related to their fleets.
Benefits of Fleet Cards for Businesses
- Expense Tracking: Fleet cards simplify expense tracking by providing detailed reports on fuel and maintenance purchases. This eliminates the need for paper receipts and manual reimbursements.
- Security and Fraud Control: Fleet cards offer enhanced security features, reducing the risk of fraud and unauthorized transactions. They provide control over spending limits and purchase restrictions.
- Convenience for Employees: Employees no longer need to use personal credit cards or cash for business expenses, making transactions more convenient and efficient.
Leading Fleet Card Providers
Wright Express and Voyager are the predominant fleet card providers in the market. Their wide acceptance and comprehensive services make them popular choices for businesses and government agencies managing vehicle fleets.
Why Merchants Should Accept Fleet Cards
If you own a business that provides services to companies and government agencies using Wright Express and Voyager fleet cards, accepting these cards can significantly boost your business. Here’s why:
- Attract More Customers: By accepting fleet cards, you can attract more business from companies that rely on these cards for their fleet management needs. This can give you a competitive edge over merchants that do not accept fleet cards.
- Serve Various Industries: Businesses such as trucking companies, police and fire stations, forest maintenance services, and trash-hauling companies often use fleet cards. Accepting these cards can open up new revenue streams from these industries.
How to Get Started
To accept Wright Express and Voyager fleet cards, you need to contact your credit card processor and request setup for these cards. It’s important to note that the rates for processing fleet cards are fixed and cannot be marked up or discounted. While the fees may be slightly higher than regular credit card processing fees, the potential increase in business makes it a worthwhile investment.
Why Choose Electronic Money Company
Not all credit card processors can set up merchants to accept Wright Express and Voyager cards. However, Electronic Money Company can. Call us at 505-296-2847 to get set up and start attracting more business to your repair shop or gas station today.
Enhancing your payment processing capabilities by accepting fleet cards can provide numerous benefits to your business, attract new customers, and put you ahead of the competition. Contact us to learn more and get started!
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