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Revolution Payments Insights

MasterCard Large Ticket Program

Sep 2, 2016

Business Large Ticket I Debit 1.25% + $40.00 Business Debit card transactions, accepted at non-T&E locations, level III data submitted, transaction amount between $7,255 and $24,999.99 Business Large Ticket II Debit 1.25% + $40.00 Business Debit card transactions, accepted at non-T&E locations, level III data submitted, transaction amount between $25,000 and $100,000. Business Large Ticket…

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Add 1.5% to your bottom line with Level-3 Processing.

Aug 9, 2016

Important news for merchants who want to save thousands of dollars in credit card processing fees annually.   You probably already know that Visa and MasterCard use “interchange fees” to determine how much you pay an issuing bank each time you accept a credit card order.   What the banks and credit card processing companies…

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Level 3 Credit Card Processing

Jul 7, 2016

Level 3 Credit Card Processing My name is Sean Jones; I’ve been in the Merchant Services industry for 20 years. Today I’m sharing a secret most banks would prefer you didn’t know & Expose you to new technology that will add up to 1.5% to your profit margins on your B2B & B2G transactions regardless…

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Level 3 Credit Card Processing

Jun 24, 2016

Level 3 Credit Card Processing Business-2-Business and Government transactions fall into one of three interchange categories; Level 1, Level 2 and Level 3. The higher the level the lower the interchange rate. Visa & MasterCard created special interchange rates to support commercial transactions by reducing interchange when level 3 is included with a transaction. What is Level 3 Processing?…

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Best Practices for Accepting Government Purchase Cards (GPC)

Apr 20, 2016

When it comes to accepting Government & non-government  purchase (GPC) & commercial cards implement these best practices to keep your business competitive, compliant while controlling your costs. Implemented properly your cost for accepting Business-to-Business (B2B) and Business-to-Government (B2G),  Government Purchase Card (GPC)  transactions should be Under 1.86%. Include Level-3 Payment Detail: – To encourage merchant participation…

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How Level 3 Processing Saves You Money

Mar 24, 2016

To fully grasp how level 3 processing reduces your processing costs you first need to understand that the bulk of fees you’re paying  to accept credit card goes directly back to the card issuing bank. This is called Interchange. Believe it or not, Visa/MasterCard and your processor receive no revenue from interchange.  If you’ve ever…

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Add 1% To Your Profit Margins Without having to Increase your sales volume!

Feb 29, 2016

Despite what most have been lead to believe 75%-80% of the fees businesses pay to accept credit cards goes directly to the bank that issued the credit card, and referred to as Interchange. Interchange fees are non-negotiable and remain the same regardless of the processor you choose.   Believe it or not, Visa, MasterCard and your…

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Identifying GSA SmartPay2 and GSA SmartPay Credit Cards

Jan 26, 2016

Identifying a  GSA Smart Pay Purchasing Card Cards may be either a VISA or a MasterCard. Visa cards will begin with 4486, 4614 or 4716. MasterCard cards will begin with 5568 or 5565. Cards may be issued by Citibank, JPMorgan Chase Bank, or U.S. Bank. Embossed “V” or “MC” is optional and not frequently used.…

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Level 3 Credit Card Processing

Jan 25, 2016

Submitting Level 3 line item detail substantially reduces interchange rates on Purchasing, Corporate, Commercial, Fleet, Business (MasterCard) and Government credit cards. Processing Level 3 data requires more sophisticated payment technology able to process the additional line item requirements. Stand alone terminals and most payment gateways do not support Level 3 Processing. What is Level 3 processing?…

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Capturing Level II and III data if you accept commercial cards

Jan 7, 2016

Commercial, purchasing and business cards are used like personal credit cards, however they offer employers enhanced reporting and valuable features and capabilities.  These cards carry higher interchange rates, however many merchants can qualify for lower interchange rates by collecting Level II and Level III payment data. Level II Data includes: A Tax Indicator denoting the…

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Level 3 Processing with QuickBooks

Nov 19, 2015

Government vendors and contractors using QuickBooks can now process level 3 data  and receive the reduced interchange rates. The difference of processing level 3 detail vs. not can be as high as 1%-1.5% It has been our experience that the  majority of contractors (75 to 80%) that engage in Business to Business and Business to…

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Level-3 Detail Authorize.net

Oct 25, 2015

 Wanted! Authorize.net users who need to send Level-3 detail on commercial or government cards. Revolution Payment Systems  has a simple solution and technology to accommodate authorize.net users. Whether your looking to take advantage of the reduced interchange for Level-3 transactions  within aut.net or required by your customer, Revolution Payment Systems can help. Call and speak…

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Accepting Government Purchase Cards

Oct 25, 2015

Required to process Level 3 Detail or need to process Level 3 processing via Quickbooks or Mobile, Revolution can help.

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Level 3 Processing and GSA

Oct 23, 2015

If you sell to the government sending Level 3 line item detail with your credit card transactions could save you up to 40%

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LEVEL-3 PROCESSING

Aug 29, 2015

NAVIGATING THE MURKY WATERS OF LEVEL-3 PROCESSING By PYMNTS @pymnts What’s Next In Payments® 7:15 AM EDT August 28th, 2015   The Following is a recent interview with PYMTS.com regarding Level 3 processing. The complexities facing merchants that process B2B and government procurement transactions are plentiful. But streamlining Level-3 processing may be a good place…

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