The Intevacon Fuel Network continues to grow each month, as more petroleum marketers sign up to participate and more cardholders exchange transactions at network sites.
It’s a process as we get sites online and coordinated, but it’s been so rewarding to see the connections being made and cardholders fueling where they do business. We recently heard from one of our customers in South Carolina who needed to provide a fueling opportunity to one of his biggest cardholders 2.5 hours away. Instead of losing the business, we connected him with one of our participating network sites. Now, the issuer makes a guaranteed 2.5% on every foreign transaction, and the merchant gets to keep 97.5%, which is better than he was getting with credit card fees.
There are no network fees or special requirements to join the network. By utilizing the network, you maintain your cardholder loyalty, even if your cardholders travel to network sites. When your cardholders are traveling, which some inevitably will do, they have to purchase fuel somehow. If you can’t offer an alternative, they will use another form of payment to pay for their fleet needs. By utilizing the network, you are able to provide a service to your cardholders who travel while also making a profit of 2.5%.
If you want to find out more about the Intevacon Fuel Network, reach out to us at 678-739-4450.
The Intevacon fleet card system is unique in that our petroleum marketers have a direct relationship with their cardholders, and each parameter of our system is customizable according to our individual petroleum marketer’s business rules. The Intevacon system is a reflection of years of experience in this industry, plus the expert feedback from our customers.
Intevacon is successful when our customers are successful, and we know that tightening the window of receivables can help keep your fleet business growing and profitable.
Below are four areas that can be controlled for optimum billing practices.
- Billing cycle: a shorter billing cycle keeps total receivables at a manageable number and decreases risk
- Payment Terms: shorter payment terms ensure that you are paid quickly and that your receivables are kept in check
- Finance Charges: for payments that are not made in a timely manner, you can set the finance charge rate, and apply it to delinquent customers
- Credit Limits: set credit limits on all of your customers, or on select customers to ensure that charges remain within a comfortable threshold
Intevacon petroleum marketers may choose to provide fleet card services to all different types of accounts: commercial, consumer, government, etc.–and each of these customer types presents different needs, credit risks, and business rules. With Intevacon, you can provide the best in fleet card services while also protecting your bottom line and growing your business.
The average fleet card purchase with Intevacon is 3-4 times greater than a general non-fleet card purchase. Take advantage of this huge customer base by offering a fleet card through Intevacon’s online system. To find out more about our services, contact us at 678-739-4450 or firstname.lastname@example.org.