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How Level 3 Processing will Improve B2B Payment Transactions

Business-to-business (B2B) and business-to-government transactions allow a higher level of transaction detail than traditional business-to-consumer credit card  transactions. Level 3 line item detail refers to additional information about a sale, that is included with the payment transaction.

 

 

Level 3 requires information such as PO #, description, quantity etc. Information like you would generally find on an invoice.

 

By providing level 3 line item detail, it entitles you to receive reduced interchange rates. If your processor sets your account up properly and passes 100% of this savings along to you, it could easily reduce your transaction cost                                        by up to 40%.   Just because you send level 3 payment information, does not mean you automatically receive 100% of the available discounts.

 

Contact one of revolution payments level 3 payment consultants to learn more about level-3 processing and the benefits it will provide your company.

888  790 3450  or info@ revolution-payments.com