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Revolution Payments Insights

Level 3 Processing Lowers Your Cost

Oct 17, 2018

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

Sep 11, 2018

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

Aug 30, 2018

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

Aug 10, 2018

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

Aug 8, 2018

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

Aug 1, 2018

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

Jul 29, 2018

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

Jul 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…

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Level 3 Credit Card Processing

Jul 8, 2018

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

Jun 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

May 30, 2018

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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Revolution Payments

Level 3 Credit Card Processing

May 25, 2018

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

May 16, 2018

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

Apr 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…

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Revolution Payments

Level 3 Processing

Apr 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…

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Revolution Payments

Capture Levels II and III data when accepting commercial cards

Apr 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

Mar 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…

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ISO’s/Agents Please Read if using Gotobilling AKA Omnifund Gateway

Mar 8, 2018

We became aware last Friday that Omnifund started charging resellers clients using their gateway 6 basis points on their total credit card processing volume. To top it off, they are corresponding with our merchant services clients, asking for processing statements, and telling them they can switch to them and eliminate the fee increase. This type…

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Revolution Payments

Level 3 Payment Processing

Feb 22, 2018

Why should you consider including level 3 line item detail on credit cards you accept from other business or government? The short answer is, not doing so, you pay about 1% more than you should on every credit card you accept. To understand why level 3 credit card processing is so important you have to…

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GSA SmartPay | Ghost Cards

Feb 7, 2018

We have a lot of government vendors  that inquire about needing the ability to process GSA SmartPay Ghost Cards. A ghost credit card is nothing more than a virtual credit card. Government agencies, corporations, and other large employers use ghost credit cards as an alternative to issuing credit cards to employees.  Each employee uses a…

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