Control
Unlike a traditional credit card, a fuel card can provide several options to control your employees. Restricting a card usage, for e.g. to a pump and truck service, is a typical way to do it.
Integrations
A growing number of fleet management products are integrating with fuel cards to collect useful data for it’s clients. This way you get powerful data analysis that leads you to the right business decisions.
Fuel Cards vs Corporate/Commercial Cards
Instead of boring you with the list of pros and cons of this and that, I want to highlight the fact that unlike the most of corporate cards, the fuel cards are offering Level III processing.
Wow, great … and what the heck is that?
It’s a sophisticated way of using credit cards that answers you to who, what, how and when. Except all the important info, you should know that Level 3 processing lowers interchange transaction costs up to 40%.
It’s a breakthrough in payment process. Take a look at the Revolution Payments comparison of Levels 1, 2 and 3 to get the idea.
