Virtual credit cards are a flexible electronic payment method using 16-digit credit card numbers typically created for one-time purchases at set amounts. Most commonly sent via email, they offer convenience, security and speed in the B2B payments space. Virtual cards can improve accounts payable (AP) processes, benefitting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows. They also offer more safeguards against fraud than traditional business credit cards.
Boost processes virtual cards in an automated way, eliminating manual processing steps.
Getting started is easy. If you are already a Boost customer, just email us at email@example.com or contact us using the form on this page and let us know the customer that you want to accept payments from via your Boost account. We’ll then verify and confirm your account information, and begin automating your payments. No further action is needed on your part.
Boost offers flexibility with two settlement options. Processing fees can be netted out of your invoice payment (“net settle”) or can be debited in a separate transaction (“gross/net settle”).
Boost provides enhanced reporting with full remittance and settlement details. Reports are available in a CSV format or in the format of your accounting software and can be selected with the help of our customer service team after enrollment.
Boost offers the lowest possible business to business card acceptance fees. Boost’s rates are available here.