Purchasing, commercial and business cards are used like personal credit cards however, these cards have enhanced reporting capabilities which provide card holders more detail of purchases.
Merchants who are processing level 3 data can qualify for lower processing rates on purchasing, commercial and business cards IF they have the proper technology to capture the level 3 data as well as the correct rate structure.
If your paying the same rate for Visa and MasterCard, see Qualified, Mid-Qualified and Non-Qualified on your statement you should consult with an experienced level 3 payment processor. Your account is not set up to receive 100% of the benefits of sending Level 3 data.
Revolution payment systems provides a FREE cost/benefit analysis for merchants showing the benefits and savings of implementing level 3 processing.
If saving 30% of more on your Business to Business and Business to Government transactions would have an impact on your business I encourage you to give us a call.
888 790 3450 or email firstname.lastname@example.org