- How does a vendor/supplier get started?
Vendors must be able to accept MasterCard for payment. To become MasterCard capable, a vendor will need to speak with his/her bank to be set-up to process MasterCard transactions.
- Are there any additional vendor/supplier requirements?
Vendors/suppliers must provide a detailed receipt to the cardholder. Additionally, vendors/suppliers must manage returns and credits directly with the cardholder.
- What are the benefits to the vendor/supplier?
Some of the benefits include:
- Quicker payments (Payments are typically processed by MasterCard within 48-72 hours.)
- Reduced paperwork
- Issue receipts instead of generating invoices
- Fewer invoice problems to resolve
- Able to deal directly with cardholder/customer
- What are the benefits to the City of Milwaukee?
Some of the benefits include:
- Reduced paperwork
- Increased efficiency in obtaining goods/services
- Enhanced management reporting