Revolution payments reveals a solution to Accept Payments With Xero accounting software. This payment integration allows Xero accounting software users to process and qualify for level 3 credit card processing rates.
Providing level III payment detail can significantly reduce the interchange cost a business incurs for accepting credit cards from business and government by up to 43%.
Interchange accounts for roughly 80% of the fees a business pays to accept credit cards. When it comes to commercial cards, interchange rates fall into 1 of 3 different buckets. These interchange rates vary from 80-150 basis points depending on card type, transaction size and additional payment detail that is entered with a transaction.
Accept a commercial or government card without level 3 credit card processing information you lose up to 1.5% of revenue regardless of the rate your processor charges.
Revolution Payments automatically updates Xero transactions to level II & III interchange rates, without the need to manually enter this data or worry about human error.
Every credit card transaction clears at the lowest possible interchange rate.
- Send invoices and collect payments
- Performs transaction types like Authorize, Capture, Void, Credit, etc.
- Reconcile in seconds
- Offline mode – accept credit cards without having internet access and process those later
- Use our mobile app to reconcile, send invoices, or create expense claims – from anywhere
- Level II support for reduced credit card transaction fees
- Level III support for purchasing cards
Revolution Payments is leading advocate and Level 3 credit card processor who has been servicing the B2B & B2G payment space for more than 22 years.