Visa Adds New Offers for Small Business Cardholders

Visa has rolled out new offers of automatic savings and discounts for small and midsized businesses (SMBs).

Visa Small Business cardholders enrolled in Visa SavingsEdge can unlock offers from Bench Accounting, Yahoo! and Authorize.net, the firm said in a Wednesday (Feb. 8) press release.

“With Visa SavingsEdge, when small businesses use their business card, they can take advantage of offers and discounts with key business-related suppliers while helping to support their bottom line,” Veronica Fernandez, senior vice president and North America head of business solutions at Visa, said in the release.

One of the new offers is available for two days: Saturday and Sunday, Feb. 11-12. Authorize.net, Visa’s small business digital payment management platform, will offer discounts that are valued up to $5,000 per small business to those who sign up on those days, according to the press release.

The other two new offers feature instant savings — meaning they can be redeemed instantly on the merchants’ websites. They include discounts on Bench Accounting’s automated bookkeeping, reporting and tax preparation as well as Yahoo!’s System Mechanic software that improves PC performance, the release said.

These new additions join the savings available from more than 60 merchants that are available through Visa SavingsEdge, per the release.

Beyond that, the Visa Small Business card includes as built-in benefits a smart credit engine from Dovly and cyber safety tools from NortonLifeLock, according to the press release.

“Despite over 80% of small businesses using a credit card for their business spend, we see that almost one-third still use their personal card,” Fernandez said in the release. “Business cards and their associated benefits are extremely important for SMBs; they can help with cashflow, drive savings and increase business efficiencies.”

In related news, Visa has anointed 2023 the year of “B2B Payments 3.0” and says the payments industry’s collective responsibility is to lessen the B2B money movement burden, Visa Senior Vice President Darren Parslow wrote in the PYMNTS eBook, “2023 Payments New Year’s Resolutions.”

“In 2023, we expect innovation within the B2B payments industry to continue to accelerate, and with it will come another wave of digital transformation,” Parslow wrote.

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