Visa has expanded its small business savings program SavingsEdge with the addition of Staples, Orbitz, USA Today, La Quinta Inns & Suites and Box.net to its network of companies.
The Visa SavingsEdge program is designed to help small businesses save money by providing automatic discounts on qualifying purchases made with an eligible, enrolled Visa business credit or debit card. Small business cardholders that participate in the program currently have access to savings with merchants at over 14,000 physical retail locations, in addition to discounts at 50,000 hotels through Orbitz.
Visa SavingsEdge was launched in 2008 with various discount offers for participating merchants intended to meet the diverse needs of small businesses everywhere, providing automatic discounts on travel and office supplies as well as marketing services, gifts and computer equipment.
The discounts require no coupons or codes, as they are applied as statement credits on future account statements. Through participating issuers, over 10 million Visa small business cardholders are eligible to enroll in this program.
Visa claimed that SavingsEdge could be a helpful tool for small business owners who want to control expenses and manage cash flow in an effective manner. Recent Visa Business research indicates 52% of small business owners listed cash flow as a primary concern.
Raghav Lal, head of global small business at Visa, said: “Visa SavingsEdge extends the purchasing power of Visa small business cardholders, by offering automatic discounts on everyday purchases from participating merchants. Visa SavingsEdge allows enrolled small business cardholders to take advantage of discounts that are more typically available only to larger businesses.”