B2B Payments

Net Element Offers Mastercard For Unified Payments Merchants

Net Element has announced the launch of the Netevia Mastercard, which is specifically tailored for Unified Payments merchants.

Powered by Aliaswire’s patented technology, the Netevia Mastercard combines low-cost payment processing that enables merchants to boost their business credit scores while also reducing payment acceptance fees. The unique platform allows merchants to save up to 44 percent on credit and debit card payment acceptance fees, as well as choose a percentage of card sales that will be credited to the card so the funds can be used for regular business expenses.

“Netevia applies additional logic to reward active card members with increased credit lines, regardless of their prior credit history,” Mike Normandeau, vice president of commercial cards division for Net Element, said in a press release. “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.

This card is the latest offering in the Netevia payments acceptance ecosystem, helping businesses better manage their cash flow and offering enhanced business credit tools. Some of its value-added benefits include seamless integration into Netevia payments acceptance ecosystem; cash-flow management tools; up to 1 percent processing fee rebate; 50 percent discount on QuickBooks Self-Employed and Turbotax; 5 percent discount on car rentals from Avis and Budget; and 4 percent rebates on select restaurants.

In May, Mastercard launched a new SMB card rewards. Through a partnership with Intuit, cardholders will receive up to 50 percent off a 12-month subscription with QuickBooks Online (Simple Start, Essentials, Plus or Advanced) or QuickBooks Self-Employed — as a $20 savings offer on TurboTax products. They also have access to a business assistant 24/7. And to look after their cybersecurity, there’s Mastercard ID Theft Protection to monitor their personal and business information, and offer ’round-the-clock customer support in case of an incident.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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