GSA’s SmartPay program allows Federal government customers to pay for products and services using a government-issued card such as Visa or Mastercard. Agencies may use this card to pay for supplies and services, travel expenses, and vehicle fuel or maintenance costs.
If you already accept these forms of payment from your commercial customers, you have no additional work to do – SmartPay operates just like any other corporate payment solution. The transaction fees you negotiated with your bank will apply to government sales as well.
GSA Schedule contract holders must accept the SmartPay card for purchases up to $3,500 (known as the ‘Micro-Purchase Threshold’) and may choose to accept this payment method for purchases over that amount.
SmartCard spending for FY16 totaled $28.5 billion, via 91.7 million transactions and 3.3 million account holders.