Interchange Optimization

Implement Interchange optimization to ensure your transactions are hitting the lowest interchange rate, without having to manually enter Level II and Level III detail which is otherwise be required.

The fees you pay to accept credit cards is a part of doing business however, most businesses are unaware that programs exist that can help reduce the higher interchange fees normally associated with accepting commercial or government cards.

There are hundreds of different interchange rates that vary depending on many factors, type of card processed, MCC code, method of processing, size of the transaction etc.

Interchange is fixed and predetermined by the card brands; however many transactions can qualify at lower interchange tiers.

Commercial cards clear at 1 of 5 different interchange rates. ( see accompanying chart)
I’m not going to go into a lot of detail with the varies levels. You can find a breakdown on a previous blog.

Most businesses collect level 1 data.
This includes basic payment information: merchant name, sale amount and date.

Revolution Payments’ optimization service automatically detects whether a transaction is eligible to qualify for lower interchange rates; if so, Level II & Level III details are populated and applied to the transaction before settlement.

Every transaction is optimized to the lowest possible interchange rate. This can reduce interchange on commercial cards by up to 1.5%, depending on the type of card and size of the ticket.

Previously, providing Level II and Level III details has been a challenge for businesses.

1. The businesses processed through a credit card terminal, which does not have the capability to include level III detail.

2. They were not reliably collecting Level III details or skipped fields.

3. Working with a processor who does not support Level II and Level III processing.

4. Does not have a cost-plus rate structure

5. Has e-commerce transactions that make it impossible to qualify since customers are not going to enter all the additional requirements.

Revolution Payments optimization service solves all of these problems.

Revolution Payments offers a proprietary payment solution that works like this: For all credit card transactions, whether swiped, processed online, entered manually on a PC, terminal or mobile device, their system automatically updates all transactions to the lowest interchange rate.

Questions about Interchange optimization or Revolution Payments? Give us a call 888 790 3450 or email [email protected] revolution-payments.com

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