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Why do Visa & MasterCard have 4 different business cards, Tier, 1,2,3 &4

By Sean Jones | July 17, 2018

Ever wondered by Visa & MasterCard have 4 different business cards? Technically there are more than 4, but today I am referring to the Tiers 1,2,3 & 4 you most likely see on your statement. (not to be confused with level 2 & 3 processing) These Tiers are out of your control and not caused…

Level 3 Credit Card Processing

By Sean Jones | July 8, 2018

What’s one thing  95% of people doing business with the government are not told? That Visa & MasterCard created special interchange rates as an incentive to encourage vendors to enter level 3 payment detail on government and non government commercial cards. When applied, these special rates lower the “interchange” cost of accepting these cards by…

Level 3 credit card processing

By Sean Jones | June 27, 2018

Level 3 credit card processing. We’ve put out a lot of information over the years, not only on the importance of level 3 processing if you accept credit cards from businesses or government, but also our streamlined level 3 payment solutions that help B2B & B2G merchants add roughly 1.5% to their profit margins on…

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Government Vendors | Level 3 Credit Card Processing

By Sean Jones | May 30, 2018

With the many challenges facing business today, it’s no wonder many have relied on their bank or existing processor to set-up their credit card processing when it comes to accepting B2B, commercial or government credit cards from customers. It’s regrettable that many businesses are unaware of the advantages that correct processing solutions can present. Did…

Level 3 Credit Card Processing

By Sean Jones | May 25, 2018

With the many challenges facing business today, it’s no wonder many have relied on their bank or existing processor to set-up their credit card processing when it comes to accepting B2B, commercial or government credit cards from customers. It’s regrettable that many businesses are unaware of the advantages that correct processing solutions can present. Did…

Level 3 Processing Benefits

By Sean Jones | May 16, 2018

How does Level 3 processing provide so much value to companies that accept credit cards from other businesses and government and in some cases adding up to 1.5% of new revenue to their profit margins they cant receive from a processor? To understand the value in Level 3 processing remember why banks issue credit cards…

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Level 3 Processing Explained

By Sean Jones | April 20, 2018

Visa and MasterCard apply a surcharge for B2B & B2G credit card transactions processed without level 3 payment detail. Visa & MasterCard use interchange rates to determine how much you pay to accept a credit card.  For business-to-business (B2B) and business-to-government (B2G) purchases, these interchange fees fall into one of 3 processing categories — Level…

Level 3 Processing

By Sean Jones | April 20, 2018

Anyone accepting credit cards knows processing fees cut profits. But…did you know…B2B and B2G transactions fall into one of three interchange categories; Level 1, 2 and 3? The higher the level, the lower the rate. Visa & MasterCard reduce rates for transactions including Level 3 detail. What is Level 3 Processing? It means passing line-item detail; information generally…

Capture Levels II and III data when accepting commercial cards

By Sean Jones | April 5, 2018

Capturing level II and Level III payment data on B2B and B2G transactions, can lower your overall cost of accepting these cards by 30%-40%. Business,  government, fleet, commercial, and purchasing cards are used just like personal credit and debit cards. However, they carry higher interchange rates due to the additional functionality, features and capabilities they…

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Level 3 Processing

By Sean Jones | March 20, 2018

Why you should consider level 3 processing if accepting B2B and B2G payments.   The bulk of the fees businesses pay to accept credit cards goes back to the card issuing banks, NOT credit card processors.When you accept a credit card from a business or government w/o level 3 payment detail, it qualifies at different…