What benefits can you expect from including level 3 line item detail with your commercial transactions?
#1 Benefit is lower transaction cost. The difference between processing Level-3 detail and not can be as high as 1%-1.5%. This is on interchange costs alone, before processors add their processing markup.
This is a savings that can NOT be achieved by a processor simply lowering your rate. Commercial cards have tiered interchange rates based on the level 3 data
transmitted with the payment file
Lets look at the interchange rates on Visa’s site. If you have cost and 25 basis points. Your either going to pay 1.85% + 25 basis points, or 2.5-2.65% + 25 basis points.
Either is still cost + 25 basis points, but interchange changes based on whether or not level 3 processing– line item detail is included with the transaction.
- Commercial Level III 1.85% + $0.10
- Commercial Level II 2.05% + $0.10
- Commercial Card Present 2.50% + $0.10
- Commercial Card Not Present 2.65% + $0.10
- Commercial Travel Service 2.55% + $0.10
- Commercial Standard Interchange Reimbursement Fee 2.95% + $0.10
Send us a copy of your recent Visa / MasterCard processing statement and we will prepare a custom rate quote showing how much money your business will save in processing fees with a B2B/Level-3 merchant account.
Your free rate quote will be completed and returned to you within one business day. Fax 877 901 3181 or email
The Level-3 processing experts