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?
Level 3 credit card processing refers to passing line item detail from the invoice when submitting a sale transaction for settlement. This contains information you would generally find on an invoice, such as product/service descriptions, quantities and other details
Revolution Payments is able to identify the cards your accepting and automatically populate Level 3 detail to every qualifying transaction, without you lifting a finger or changing the way you
This reclassifies your Business-2-Business and Government transactions allowing you to capture up to 1.5% of interchange revenue that will otherwise go back to the card issuing bank and is non-related to a processors markup.
For the longest time. Payment professionals have been conditioning businesses to focus their attention on areas that have little impact on their business. The processors markup only amounts to about 25% of the fees a business pays to accept credit cards.
We can keep your rate the same yet convert a large chunk of interchange revenue 1%-1.5% back to your bottom line where it belongs. If that sounds like a good idea, lets schedule a short
call to discuss.
888 790 3450