Revolution Payments Insights
Level 3 Processing equals lower Interchange Rates
Why Level 3 Credit Card Processing is so important Level 3 Processing equals lower Interchange Rates by reclassifying the codes on commercial credit card transactions. For most businesses, credit card processing fees are in the top 5 of all expenses. All business people and entrepreneurs are busy, but the time invested in learning the basics…
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Level 3 Processing for Commercial Cards
I’d like to reveal something many processors wont or, may not be familiar with. Level 3 processing for commercial cards can lower your cost of accepting B2B and B2G credit cards by up to 1.5%. Most businesses have been conditioned to focus ONLY on rate when comparing different processing options. Have a low rate is…
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Level 3 Processing Interchange Rates | Revolution Payments
Level 3 processing interchange rates Will, reduce your cost of accepting commercial and or government transactions from .80%-1.5% depending on the type of card and size of the transaction. Level 3 processing was a program that was originally put in place to help the government manage spending. Visa and MasterCard created special interchange rates to…
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Level 3 Credit Card Processing | Lowers Processing Rates
Take your Business to a New Level with Level 3 Processing Any merchant service provider can set up a merchant account up to accept business-to-business (B2B) and business-to-government (B2G) purchases, however Level 3 processing can reduce your interchange cost of accepting B2B & B2G transactions by 1% and more. Level 3 Credit Card Processing Lowers Processing…
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Level 3 Processing Lowers Your Cost
If you have clients that pay you with a Commercial or Government P- card, its extremely likely Level 3 processing lowers your cost by 30% or more for B2B and B2G credit card transactions. Here’s the thing, you probably already know that whenever you take a credit card you have to pay an interchange fee…
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How to Accept Government Purchase Cards
How to accept government purchase cards. Almost any processor can set you up to accept government purchase cards however, if your goal is to accept government purchase cards at the lowest possible interchange rate, its very important to make sure your processor understands interchange as it relates to government p cards. Government Purchase cards qualify…
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Level 3 Processing Provides the Lowest Interchange Rates
Level 3 processing provides the lowest interchange rates for commercial, B2B and government credit card transactions. This chart shows the different interchange qualification levels when accepting commercial credit cards from your clients. This is why its so important to make sure you choose a processing partner that has experience and familiar with interchange rate qualification…
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How much can a merchant save by supplying Level 3 data
How much can a merchant save by supplying Level 3 data (level 3 processing) on your B2B & B2G cards? This blog shows you. I get that questions a lot. You will always pay roughly 1% more than the lowest rate a processor can give you, when you accept commercial and purchase cards w/o level…
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What is Level 3 Processing
What is level 3 processing Reduce your (interchange) cost of accepting commercial & government credit card transactions by 1%-1.5% with a (properly) set up level 3 processing merchant account. Level 3 processing is not for every business, restaurants and business considered travel/entertainment are not eligible. If you primarily sell to consumers vs. businesses, this is…
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Level 3 Payment Processing
Revolution Payments Specialized Level 3 Payment Processing Technology Helps Government Contractors /Vendors & B2B merchants Reduce Transaction Cost for Accepting B2B & B2G credit cards. Our value enhancing payment technology automatically sends Level 3 line item detail on behalf thereby reducing the interchange cost of accepting the cards by as much as 40%. With the…
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What is Level 3 Processing
What is Level 3 processing? Level 3 processing is a more sophisticated way of accepting commercial, business, purchase & government cards that allows companies accepting credit cards from other businesses or government to lower transaction (interchange) cost by 30%-40%. Key word is interchange. 100% of interchange goes back to the bank the issued your customers…
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Why do Visa & MasterCard have 4 different business cards, Tier, 1,2,3 &4
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…
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Level 3 Credit Card Processing
What’s one thing 95% of people doing business with the government are not told? That Visa & MasterCard created special interchange rates (level 3 credit card processing) 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…
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Level 3 credit card processing
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
Government Vendors | Level 3 Credit Card Processing can reduce your acceptance cost of Government P cards, along with non government B2B transactions by 1%-1.5% 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…
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Level 3 Credit Card Processing
Level 3 Credit Card Processing and the benefits for B2B & B2G credit card transactions. 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…
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Level 3 Processing Benefits
Level 3 Processing Benefits 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…
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Level 3 Processing Explained
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…
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Level 3 Processing
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…
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Capture Levels II and III data when accepting commercial cards
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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