GSA SmartPay Charge Card Program
The GSA SmartPay® program is the largest charge card program in the world today. It was established fourteen years ago to provide the government a more efficient way to conduct business transactions. According to GSA more than 350 Federal agencies, organizations, and Native American tribal governments participate in the GSA SmartPay program. Today, it is reported that there are nearly 3 million cards in circulation.
As a GSA contractor, it is instrumental to understand how the GSA SmartPay® 2 charge card works. According to the General Systems Administration, “you can maximize your ability to capture government sales by accepting these cards.” Other incentives for accepting a GSA SmartPay® 2 charge card include, having fewer forms to fill-out during transactions, as well as having electronic records of sales.
GSA SmartPay® 2 charge cards are easy to identify, because there are only four different card designs, and each have the GSA logo displayed. Another way of spotting a GSA SmartPay® 2 charge card is by its Bank Identification Number (BIN). A BIN is the first four numbers in the sequence of the card, and each of the four different types of GSA SmartPay® 2 charge cards have specific BINs. Since the GSA SmartPay® 2 charge cards are easy to recognize, it allows contractors to track and report federal sales more efficiently.
Contractors who “do not currently accept these cards, can contact any financial institution or one of the GSA SmartPay® three contractors (i.e. Citibank, JPMorgan Chase, and U.S. Bank) to establish a merchant account (GSA SmartPay® 2 vendor brochure)”. There are four different offer types of GSA SmartPay® 2 charge cards that are offered: purchase cards, travel cards, fleet cards, and integrated cards. The GSA SmartPay® 2 charge cards are either VISA, MasterCard, Voyager, or Wright Express. However, Voyager and Wright Express cards are only used for fleet related purchases.