Revolution Payments Insights
Level 3 Payment Detail
What is Level 3 payment detail? Level 3 payment detail AKA 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…
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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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Level 3 Processing
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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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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Level 3 Payment Processing
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
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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Helping Government Contractors & B2B Merchants Reduce Transaction Cost for Accepting Commercial Credit Cards
Government Contractors and Vendors can reduce the cost of accepting Government and Commercial credit cards by as much as 40% with Revolution Payments value enhancing payment technology Revolution Payments, the leader when it comes to Level-3 payments. Our specialized payment solutions are helping Government Contractors and Vendors Reduce the cost of accepting government and commercial credit…
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Level-3 Payment Processing Merchant Account
Level-3 Payment Processing Merchant Account Reduce Your Credit Card Processing Fees with A Level-3 Payment Processing Merchant Account. Businesses/Government Vendors & Contractors can substantially reduce their monthly credit card processing fees with a Level-3 Payment Processing Merchant Account from Revolution Payments. Visa & MC created special “interchange” rates to support P-cards by reducing your interchange rates…
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What is Level 3 Processing?
I’m sharing a secret banks won’t reveal….a technology that’ll increase your profit margins on your B2B & B2G transactions by up to 1.5%, regardless of your current rate. 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…
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Simplified Level 3 credit card processing solutions!
Revolution Payment Systems simplifies setting up and processing level 3 line item detail. Level 3 credit card processing can be a great money saving addition for businesses that accept commercial, purchase and government credit cards. Our Level automated level 3 payment solutions allow these merchants to qualify for the reduced level 3 processing interchange rates.…
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Level 3 credit card processing for GSA Smartpay cards
GSA Vendors Why pay 2.65% vs 1.85% to process a Government P-card? The Choice is yours! With the many challenges facing contractors today, it’s no wonder so many are relying on their banks or existing credit card processors to set them up to accept Government P-cards. It’s regrettable that many in the contracting industry are unaware of…
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Level 3 Payment Processing
Level 3 Credit Card Processing for B2B, Commercial & Government P-cards Setting up your business to accept government purchasing or commercial cards for payment is different than establishing a standard retail merchant account or internet merchant account. These cards possess more features, capabilities and controls than other cards. They can be setup to control things…
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