Level I, Level II, Level III Credit Card Processing

Level I, Level II, Level III Credit Card Processing

By Sean Jones | December 2, 2023

Level I, Level II, Level III Credit Card Processing defines the different interchange categories/qualification for B2B and B2G credit card transactions. Level 3 credit card processing is a different way of processing credit cards accepted from other businesses and government. When properly set up level 3 credit card processing can lower the cost of accepting…

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Level 3 credit card processing savings

By Sean Jones | November 21, 2023

If your company accepts credit cards from other businesses and or government and your not including level 3 credit card processing data, you are leaving a lot of money on the table, that you cannot get from a processor. The chart below shows the level 3 credit card processing savings and the high ticket interchange…

Level 3 data processing

Level 3 data processing

By Sean Jones | July 26, 2023

I’d like to share a few ideas that can help you lower your cost of accepting B2B and B2G transactions by up to 40% regardless of the rate your processor charges you.  Submitting level 3 data processing when you process these transactions and save BIG, if you are set up properly. Accept B2B and B2G…

Visa virtual credit card

Streamline Your Accounts Payable Process

By Sean Jones | June 9, 2023

Wouldn’t it be great if the accounts payable process was just easier? We think so too.  We’re Revolution Payments. And we’re here to help you streamline your accounts payable process If your team is still manually processing hundreds of paper invoices and checks each week, Revolution Payments integrated payables solution can help streamline your workload.…

Ghost Cards

Issuing Ghost Cards

By Sean Jones | October 10, 2022

Understanding ghost card payments: Ghost cards can help you streamline the purchasing process at your company while allowing you to track expenses by each department while earning a percentage of the interchange fees. Who benefits from issuing ghost cards? Mid- to large-sized companies can benefit by switching to ghost card payments from other purchasing methods.…

Xero software

Accept Payments With Xero

By Sean Jones | September 26, 2022

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…

Winning Government Contracts

Winning Government Contracts

By Sean Jones | August 5, 2022

Winning government contracts and keeping more profits!!  Once you win a government contract how can you keep more of your money? One way contractors can offer government clients the best possible price without pinching their margins is by becoming Level-3 credit card processing compliant. With Level-3 contractors can guarantee that they are getting the best…

Purchasing – Card Not Present

By Sean Jones | January 7, 2022

Purchasing – Card Not Present Interchange: 2.70% + $0.10 Purchasing Card Not Present is the Visa Interchange rate for a purchasing card type card not present credit transaction. Change History: October 2017: 2.65% + $0.10 October 2011: 2.55% + $0.10 Transaction taken on a purchasing card that meets the criteria for either: CPS Card Not…

Level 3 Processing Data : What It Is and How to Qualify for  level 3 interchange rates-Revolution Payments

By Sean Jones | January 6, 2022

Level 3 processing data is additional line-item detail that is entered when processing a commercial or government credit card. Visa and MasterCard created special interchange rates to entice merchants to provide Level 3 processing data. By providing level 3 data a business can lower the cost of accepting a B2B or B2G card by 1%-1.5%…

Commercial Product Large Ticket

Commercial Product Large Ticket

By Sean Jones | December 14, 2021

Companies accepting large credit card transactions from other businesses or government should make sure they are set up to receive Commercial Product Large Ticket interchange rates. Visa and MasterCard offer large ticket interchange rates for high dollar transactions.  Interchange will vary depending on the card type and the size of the ticket. Purchase Advantage (Only applies…