Level 3 Credit Card Processing =1%-1.5% “new” revenue on your B2B and Government credit card transactions
Revolution Payments developed a solution that is helping businesses add anywhere from 1%-1.5% to their profit margins on all B2B and government credit card transactions w/o changing their processors rate.
The biggest challenge we facewhen speaking with businesses is getting them to differentiate what we do vs. the 2-3 calls you receive each week from someone pitching to lower your rate and save your company money.
This has nothing to do with the rate your processor charges. We are reclassifying the interchange portion of the fees businesses pay.
Our specialized solutions reclassify interchange codes on these transactions to level 3 interchange rates, this is how we can add 1.5% to someone’s bottom line w/o changing the rate processors charge.
Despite what most business have been led to believe 75% of the fees businesses pays to accept credit cards goes back to the bank that issued your clients credit card, not your processor.
For business-to-business (B2B) and business-to-government (B2G) purchases, these interchange fees fall into one of 3 processing categories — Level 1, Level 2, and Level 3 – with 1 being the highest rates and 3 being the lowest.
To encourage merchant participation and support of these card programs, Visa and MasterCard have created special interchange rates.
21st century credit card processing technology enables businesses to easily meet the requirements for these level 3 rates. This can often mean a 30% to 40% reduction in (interchange) processing fees, allowing for substantial reclaiming of margins.
Businesses that want to remain successful must adopt the most efficient and cost-effective payment technology available.
Just offering to lower your rate by a few basis points is not too appealing- but the reality is that very experienced B2B payment professionals can significantly impact your bottom line- not only with reduced expenses on card processing services, but also with value enhancing payment technology that most business owners don’t even know about because their rep never took the time to explain or didn’t even understand them himself.
This is no more apparent than in the area of accepting B2B and government credit cards.
Questions? Give us a call 888 790 3450
Or upload a recent statement for your No Obligation Level 3 Rate Quote and analysis