Maximize Supplier Participation Within the Credit Card Program
In an ePayables program, the credit card payment method is often the most profitable for an organization to pay suppliers with. While it is important to have other payment methods to pivot to in the cases where a supplier absolutely cannot accept credit card payments, maximizing the participation within the credit card offering is essential for increasing rebate revenue. Many crucial suppliers are capable of accepting credit cards, however not in the typical way the program provides them. If an ePayables program has the flexibility to provide credit card information in a way that is acceptable to these suppliers, whether it be by phone, email, an online portal, etc., then it can maximize participation in its most profitable payment method.