B2B Credit Card Processing
B2B Payments Require Specific Expertise.
Let Dharma help you make B2B payments simple and cost effective.
B2B Processing Rates
0.15% + $0.08 (Card Present)
0.20% + $0.11 (Card Not Present)
above Interchange
B2B credit card transactions with Dharma are always assessed at the same low rate. Our interchange-plus pricing allows for the most transparent merchant services rates. And our B2B expertise lets you save even more with Level 2 and Level 3 processing.
B2B Payments Made Easy
Dharma works closely with many B2B clients to help get the lowest rates possible for credit card processing. We offer the MX Merchant system using the B2B app for easy, simple B2B acceptance and access to discounted B2B Level 2 and Level 3 Interchange rates. We can even help you take B2B payments in person with a specialized terminal. Our team is trained in helping your business keep costs low, based on your business type, acceptance methods, and more. Let our analysts review your current processing statements to locate potential rate reductions and hidden fees from your current provider. Plus, we’ll provide guidance in finding a solution that will allow your business to streamline your payment acceptance.
Get the Advice you Need
Let our analysts review your current processing statements to locate potential rate reductions and hidden fees from your current provider. Plus, we’ll provide guidance in finding a solution that will allow your business to streamline your payment acceptance. Many businesses don’t realize that they’re treated differently by Visa/Mastercard when processing B2B credit card payments. In particular:
- Merchants with certain MCC codes get access to reduced interchange rates, if they’re properly classified
- Merchants processing large sales (over $6,500) can access even lower interchange rates
- Merchants using a system like the MX B2B app to capture additional data with the sale get access to lower rates
- Merchants must use specific software or terminals to process B2B sales with level 2/3 information
- View Dharma’s standard rates here. Dharma also offers high-volume discounts to merchants processing over $100k/month
Working with Dharma
In addition to our transparency and great rates, working with Dharma has other benefits: there is no long-term agreement, nor is there any kind of cancellation fee should you decide to stop working with us. There are also no setup fees or monthly subscription fees.
Because we use the Interchange + pricing model, which we consider to be the fairest to our merchants, you can be assured you will never see things like “non-qualified” or “mid-qualified” showing up as the pricing for a transaction. And our specialized knowledge of B2B Payments ensures you always qualify for the best rates.
We also don’t have any of the little fees other providers have – such as AVS or Batch fees – that add a penny here and a penny there to every transaction, every day.
Finally, when it comes to things like new terminals, or a gateway for e-commerce, Dharma doesn’t take a huge mark-up or add extra costs. Nor do we lease equipment. Providing equipment at a low, fair cost is a service for our merchants, not another way to pad our bottom line.
Not sure if you’re ready to switch?
We get it, there’s a lot going on. Let us do a cost comparison against your current processor and show you just how much you can save with Dharma!
Your Dharma account has everything you need
In addition to great rates, all Dharma accounts include free access to MX Merchant, where you can manage the entire payment process from one login:
MX Merchant B2B App
For only $20/month, access the lowest possible interchange rates with the MX B2B app. Once installed, the B2B app works in the background of your account to qualify your sales at the lowest B2B interchange rates available. Using sophisticated technology, the MX system will automatically include level 2 and level 3 data points in every transaction you submit. By using the MX Virtual Terminal, you’ll qualify for interchange rates that can be over a half of a percent lower than standard rates – and you pocket the difference.
With the MX B2B App, you don’t have to waste time entering in extra data. The system does it for you, and you access rates that can save you hundreds or thousands of dollars every month.
Ingenico Desk/5000 Terminal
At only $369 and with no monthly fees, the Ingenico Desk/5000 comes configured out of the box to work with MX Merchant B2B App to ensure that card present transactions qualify your sales at the lowest B2B interchange rates available.
By using the Ingenico Desk/5000 terminal, you’ll qualify for interchange rates that can be over a half of a percent lower than standard rates, plus you’ll qualify for Dharma’s lower Card Present / Retail margins – and you pocket the difference.
What people are saying about Dharma Merchant Services
What kinds of Savings can I expect?
It depends, but most merchants see interchange reductions of 20% – 40% off of standard rates. If your business processes over $100k/month in credit cards, (click here for our high-volume B2B pricing) that can equate to thousands of dollars in savings every month. There are many different interchange rates that “qualify” for a reduction, and many savings are based on unique business factors such as MCC code and transaction size. So, we’ll focus on some of the more common/popular ones. Scroll down to see a few example transactions, both without level 2/3 data, and also including level 2/3 data to see the cost savings.
Mastercard Example
We’ll assume that this was a common Mastercard Corporate card. Without level 2 data, a typical Mastercard Corporate card will have the underlying interchange rate of 2.65% + $0.10. So, for a $5,000 sale, the math is straight-forward: $5,000 x 2.65% = $132.50. Add in the $0.11 transaction fee, and the total underlying interchange fees are $132.61 for a $5,000 sale.
But what happens if we run this as a level 2 transaction? Per Mastercard, if you use the MX B2B app to include all pertinent level 2 data, the underlying interchange rates fall all the way to 2.00% + $0.10/transaction! That’s significant – running the quick math tells us that the sale only costs $100.11 in interchange fees, saving over $32 on this single sale. That’s over 24% savings in interchange fees!
Visa Example
We’ll assume that this was a Visa Purchasing card. Without level 2 data, a typical Visa Purchasing card will have the underlying interchange rate of 2.55% + $0.10. So, for a $5,000 sale, the math is straight-forward: $5,000 x 2.55% = $127.50. Add in the $0.11 transaction fee, and the total underlying interchange fees are $127.61 for a $5,000 sale.
But what happens if we process this with level 2 data? Per Visa, if you use the MX B2B app to include all required level 2 data with the sale, the underlying interchange rates fall all the way to 2.05% + $0.10/transaction! Not bad – plugging in those numbers tells us that the sale only costs $102.61 in interchange fees, saving a full $25 on this single transaction. That’s a 20% reduction in interchange fees.
Level 3 and Large-Ticket Reductions
If you process Level 3 data, interchange fees can be reduced by over 40%. This can mean hundreds of dollars of savings on a single transaction. Wow! Here are two common examples:
Visa Level 3: 1.85% + $0.10/sale. For a $3,000 sale, you’d pay $55.60 in total interchange fees. Compare that to the $76.60 you’d have paid on a standard Visa Purchasing Card, and you’re looking at interchange savings of $21 on a single $3,000 Visa transaction. That’s over 27% below standard interchange rates!
Mastercard Corporate Large Ticket: 1.25% + $40.00/sale. For a $20,000 sale, you’d pay $290.00, or only 1.45% in total interchange fees. Compare that to the $530.00 you’d have paid normally, and you’re looking at interchange savings of over $240 on a single $20,000 Mastercard transaction. That’s a 45% reduction from standard interchange rates!
Process ACH transactions with low rates
The MX Merchant platform integrates seamlessly with ACH.com so that you can accept ACH payments from the same portal as credit card processing. Save ACH information for future billing, or key-in a one-time transaction. You can even setup recurring ACH payments. ACH payments are easy, quick, and importantly – they’re cheaper than credit cards. See the fees:
- $25 monthly fee
- $0.40/transaction fee
- $2.00 return item fee
- $5.00 reversal fee
It’s important to note that the ACH.com underwriting process is separate from your credit card underwriting process, and can take up to 10 days to fully approve. There may be additional documentation requests, too. But once up and running, accepting ACH payments is a breeze within the MX Merchant portal!
Get a free consultation from Dharma
Tell us how to contact you, and a little about your business, and we’ll be happy to give you a free evaluation of your fees, and let you know how you can save with Dharma