Virtual credit cards are a flexible electronic payment method using 16-digit credit card numbers typically created for 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. 

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/ERP and can be selected with the help of our customer service team after enrollment. We also can customize reporting to integrate directly into your software or reporting platform.

Yes. Boost suppliers are never exposed to 16-digit card numbers. All live card data is encrypted and tokenized and the supplier (and Boost) are never exposed to it. Only the last four digits of the card numbers are shared with the supplier for tracking purposes. Consequently, as card data is not shared with the supplier, the supplier is not beholden to PCI compliance requirements for the payments that Boost processes.

Boost transactions are optimized for the lowest available published interchange rates, resulting in all-in transaction costs as low as 1.99%. We also have access to proprietary interchange rates to help further lower the overall cost of acceptance.

There is no cost for our supplier enablement services or accessing the Boost platform. There are also no minimums, monthly fees, or long term commitments.

Boost allows you to optimize transaction costs by providing access to a wide selection of flexible payment processing options that meet the unique needs of the buyer and supplier.

Transactions through Boost will not be delayed, regardless of transaction size. Boost processes multi-million dollar card payments almost every day. Boost processes the commercial card payments for Fortune 100 companies and thousands of smaller companies, too.

No, the funding process is completely automatic, and the transactions will qualify at the lowest published B2B interchange rates. Virtual cards from your customers are automatically processed by Boost and the funds are deposited directly into the supplier's preferred bank account by Boost.