World News: 14:12 GMT Thursday 8th August 2019. [Net Element, Inc. via Globe Newswire via SPi World News]
The Netevia Mastercard®, powered by Aliaswire’s patented technology, is part of a unique platform that combines efficient and low-cost payment processing with the ability to save up to 44% on credit and debit card payment acceptance fees. Merchants can choose a percentage of card sales to be credited to the card instead of their bank account and use it for everyday business expenses.
According to the U.S Small Business Administration’s 2018 Small Business Profile , there are more than 30 million small businesses in the United States. Access to capital at a low cost and lower operating expenses are essential to these small businesses. The Netevia Mastercard provides a valuable solution to help merchants achieve both by improving their business credit scores and reducing payment acceptance fees.
Netevia Mastercard is an addition to the value-added technology stack that is seamlessly integrated into the payments acceptance ecosystem. The combined with a Netevia payments acceptance account will help businesses manage their cash flow by removing the time between making a sale and having the funds available to spend for another purpose. The card offers enhanced business credit tools providing maximum spending opportunity for maximum rewards redemption, all the while building business credit with improved credit score and gaining access to capital at a lower cost.
“Netevia applies additional logic to reward active card members with increased credit lines, regardless of their prior credit history,” commented Mike Normandeau, vice president of commercial cards division for Net Element. “Merchants also benefit from establishing and building business credit, something particularly difficult to achieve in the small to mid-market segment.” The Netevia Mastercard can be used anywhere Mastercard is accepted with no MCC restrictions allowing merchants access to robust business card rewards when paying for everyday expenses.
Globe Newswire: 14:12 GMT Thursday 8th August 2019
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