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.