Mercedes-Benz of North America Inc. has begun offering a Visa Purchasing card for its dealerships and auto-parts vendors.
The card, issued by Paymentech Inc. of Dallas, is meant to help Mercedes dealers boost parts sales to auto repair shops and independent service providers. Paymentech will provide merchant processing for dealers.
Balances on the card, which has no annual fee or interest charges, must be paid in full each month.
The card is meant to help the 319 authorized Mercedes dealers in North America to do business with parts dealers without having to extend credit.