- Category: Accounting Operations
- Published on Wednesday, 31 October 2012 23:12
- Written by Larry Simpson
- Hits: 21533
The Purchasing Card (P-card) is a Visa card, which is an efficient, cost-effective purchasing and payment method for small-dollar transactions. It is designed to supplement or eliminate petty cash, checks, low-value authorizations, and small-dollar purchase orders.
The P-Card can be used for in-store purchases as well as mail, e-mail, telephone and fax orders. Each card has a pre-established monthly credit limit. Additional limits can also be placed on the dollar amount of each transaction and the number of daily transaction per day. The P-card has certain Merchant Category Codes (MCCs) blocked to prevent its use with inappropriate or high risk vendors.
Purchasing Card Contract
Purchasing Card General Information