Revolution Payments Insights
Level 2 Data Credit Card Processing (level II)
To have your transactions qualify for level 2 pricing, you must use a certified product that collects and submits the
data properly to Visa/MC
Level 3 Processing for Government Cards
Purchase card acceptors value the faster payment, streamlined A/R, and increased float that accompanies credit card payments. At the same time, they are increasingly scrutinizing the rates and transaction cost they incur. Switching to Level III processing is a concrete and cost-saving step that will provide an opportunity to better serve your existing customers, and possibly open new doors.
+ Read MoreInterchange
Interchange revenue is critical to running a card program, partially reimbursing card issuers for the float on the funds, the risk of nonpayment or fraud, and other activities associated with running a card program.
+ Read MoreAccepting Government Credit Cards
There are three levels of credit card processing, with each providing a higher level of information about the purchase. Level I processing is used by merchants accepting personal credit cards, while Level II is used by merchants processing corporate credit cards. However, because of this detailed requirement, governments encourage Level III processing.
+ Read MoreB2B Processing & Level III
Level 3 processing gives you the merchant the ability to process procurement or purchasing cards (cards used typically by larger companies and definitely by the government). Line item detail such as item descriptions, quantity, price, freight and other pertinent information required for streamlined accounting and business practices are required for Level III. This detail defines…
+ Read MoreAccepting GSA Smart Cards
Accepting the GSA SmartPay is beneficial to your company because you can maximize your ability to capture Government sales. If you already accept these cards from the commercial sector, there is no additional work to do as the GSA SmartPay2 charge cards operate just like any other corporate charge cards
+ Read MoreB2B suppliers & commercial card payments
Understanding how to qualify for reduced Interchanged levels available from both MasterCard and Visa when accepting commercial cards can dramatically lower processing expenses
+ Read MoreMerchant Cash Advance
If you’ve already got a merchant account and can accept credit cards, then you’re headed in the right direction to making your business successful. So what else can you do? Many clients of Revolution Payment Systems are looking for ways to improve their POS systems, but don’t necessarily have the budget to add necessary services or upgrade retail credit card machines like they would like to do. .
+ Read MoreMerchant Cash Advance
This cash advance model provides you with the capital you need to grow your business without all of the hassle, red-tape and gimmicks of traditional bank loans. You won’t have to worry about having enough cash on hand at the end of each month to make your loan payment because it will have already been paid for.
+ Read MoreAccepting Credit Cards Safely and Securely
These days, rarely anyone carries around a wad of cash. In the old days, before the era of plastic credit cards, folks that wanted to drop a large amount of money at once, for instance, to reserve a hotel room or go out to an expensive dinner, were required to carry a large amount of…
+ Read MorePurchasing Cards and Level III Processing
Millions of business-to-business customers today enjoy the benefits of increased transaction information while they do nothing more than present a credit card for purchases.
+ Read MoreQuickBooks ACH Processing
If processing ACH payments and credit card payments in one solution with unified reporting wasn’t already convenient enough, QuickBooks users can now benefit from seamless integration. Revolution Payment Systems has released a lightweight application that quickly and easily builds itself into the native
+ Read MoreBusiness to Business and B2G Merchant Accounts
A business to business merchant account is a special merchant account for organizations and government agencies that sell primarily to other businesses, and government agencies
+ Read MoreLevel 3 Processing from Revolution Payments
What you should know about Level 3 processing
+ Read MorePurchase cards, GSA SmartPay, and Level 3 credit card processing
Level 3 processing is a unique class of credit card processing. The Level 3 classification only applies to specially issued Purchase Cards (p-cards) that are able to accept an enhanced set of data about the goods and services that are being purchased. Banks started issuing p-cards to federal, state, and local government agencies (GSA SmartPay)…
+ Read MoreVisa B2B Rate
Transactions eligible for the B2B rate must be CPS qualified (not qualifying for Level 2 rates) and be processed by merchants operating in qualified Merchant Category Codes (MCCs).
+ Read MoreInterchange Questions:
For a merchant I represent, how much can be saved using Level-3?
It could be a great deal. Consider, for example, a merchant who processes more than $1 million per month in purchase transactions and receives a statement reflecting low “Data Rate 1” rates. For the merchant, this low level of data qualification could equate to nearly 3.5% in processing costs on every commercial card transaction (interchange + downgrade charges + surcharges). By having the merchant capture Level-3 data on every purchase card transaction, however, the provider could reduce the merchant’s rate to 2.20% while reducing the merchant cost by 130 basis points.
+ Read MoreNACHA MEMBERSHIP APPROVES RULE ON MOBILE ACH PAYMENTS
The Mobile ACH Payments Rule becomes effective on January 1, 2011. To prepare for the rule introduction, NACHA and its Regional Payments Association members will be making available education and training materials to help ACH Network participants better understand the impact of the Mobile Rule before its implementation date.
+ Read MoreFraud Protection
FRAUD CONTROL Card-Not-Present Extra protection when there’s no card Card-not-present (CNP) merchants must take extra precaution against fraud exposure and associated losses. Anonymous scam artists bet on the fact that many Visa fraud prevention features do not apply in this environment. Follow these recommendations to help prevent fraud in your card-not-present transactions. Visa CNP payment…
+ Read MoreLevel III Processing
More and More businesses are using Purchasing cards to purchase goods and supplies for their business in order to simplify the payment process by eliminating the need for purchase orders, invoices, or checks. As a result many merchants are now required to or may financially benefit from the ability to process Level III credit card…
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