Payment Processing for Construction Companies
Construction payments are large, often invoiced, and frequently involve commercial cards. Your processing costs on a $25,000 progress payment shouldn't be an afterthought.
What Construction Businesses Are Dealing With
Common payment processing challenges we see in your industry — and fix.
Massive fees on progress payments
A 3% fee on a $25,000 progress payment is $750. On a $100,000 project with multiple card payments, processing costs can exceed $3,000.
Commercial card surcharges
General contractors and property managers often pay with commercial cards that carry higher interchange rates — and most processors don't optimize for these.
Deposits held on large transactions
Large, irregular transactions often trigger fraud holds that delay your deposits for days, complicating payroll and material purchasing.
No field payment capability
Collecting deposits on job sites or processing change-order payments in the field requires mobile capability most processors don't prioritize.
How Liberty Bancard Solves Them
Practical solutions built around how construction businesses actually operate.
Level II/III processing for commercial cards
Proper data submission on commercial card transactions can qualify for significantly lower interchange rates, saving hundreds per large transaction.
High-ticket transaction management
We establish appropriate processing limits during onboarding so legitimate large payments aren't flagged, preventing unnecessary deposit delays.
Mobile and field payment acceptance
Accept payments on job sites with mobile terminals or smartphone-based payment acceptance for deposits and change orders.
Invoice-based payment links
Send professional payment links with invoices so clients can pay progress payments and final bills by card from any device.
Transparent pricing on every transaction
With interchange-plus pricing, you see exactly what each large transaction costs — no surprises on your monthly statement.
By the Numbers
3.1%
Average effective rate we find on construction statements
$8,400
Average annual savings identified per company
$750
Average savings per $25,000 payment with Level II
Frequently Asked Questions
What is Level II/III processing?
Level II and Level III processing involves submitting additional transaction data (like tax amount, invoice number, and line-item details) with commercial card transactions. This qualifies those transactions for lower interchange rates set by the card networks.
How much can I save on commercial card payments?
Commercial cards processed at Level II rates can save 0.5-1.0% per transaction compared to standard rates. On a $25,000 payment, that's $125-$250 in savings on a single transaction.
Will my large payments be held?
We work with you during onboarding to establish processing limits that reflect your typical transaction sizes. This significantly reduces holds on legitimate large payments.
Can I accept payments on job sites?
Yes. We offer mobile terminals with cellular connectivity and smartphone-based payment acceptance options for field payments.
How do I handle deposits and progress payments?
We provide payment links that you can include with invoices. Clients click, enter their card information, and payment is processed. You can also set up recurring billing for scheduled progress payments.
See What You're Actually Paying
Upload your most recent processing statement. We'll break it down line-by-line and show you exactly where your money goes — no commitment required.