Technology is key for money management and capturing and submitting level 2 and level 3 payment detail with commercial credit card transactions is key for your business to receive and qualify your commercial, corporate, fleet, business and government credit card transactions at the lowest interchange levels.
Commercial cards have tiered interchange rates can categorized by level 1, level 2 and level 3. Each level depicts additional details about a transaction and passes this along to the card issuer.
Capturing level 2 and level 3 data allows you to reduce interchange costs by 40% and more. 100% of interchange goes back to the card issuing bank, capturing level 2 and level 3 processing detail allow you to capture revenue that is and will otherwise go back to the card issuing bank. This is before your processor adds their processing markup.
A cost plus merchant account and sophisticated payment technology capable of capturing the additional level 2 and level 3 detail is required, but processing level this line item detail allows a business to convert a large chunk of the card issuing banks profit back to their own bottom line.
Revolution Payments B2B payment gateway automatically sends level 2 and level 3 detail on your behalf. No manually entry required.
To learn more about level 2 or level 3 processor or to speak to one of our level 3 experts give us a call at 888 790 3450.
PS. Take advantage of our NO Obligation purchase card audit by faxing your last months processing statement to 877.901.3181
“Guaranteed” Revolution Payments will show you how to add 1/2% more revenue to your bottom line with your commercial transactions before we discuss savings as a result of reducing your rate, otherwise we will give you $50 for wasting your time.
Revolution Payments has been a leading advocate and Level III payment processor to government vendors, contractors and companies selling to other businesses for the last 20 years.