Level 3 Data Capable Software and Processing Providers

If you sell to the government or other businesses and are not set up to pass level 3 detail, your losing 40% of potential revenue and may be costing you sales your not even aware of.

If your company is current passing level 3 line item detail,  you don’t automatically get 100% of the reduced interchange incentives for passing level 3 transaction data.

Processors are not required to make sure  your set up properly to receive 100% of the discounts. Several factors are required which I’d be happy to discuss with you on a call.  888 790 3450 and ask for Sean.

Believe it not 75%-80% of the fees you and every business owner pays to accept credit cards goes back to the card issuing bank of your client.  This is referred to as (interchange)

This is how a bank can issue a credit card and still make money on someone who pays their bill off early.  The only negotiable fee merchants pay is the processors markup. I will discuss this on another blog.

Establishment of  Level 3 data reporting  for your business allows you  to reduce your transaction cost of Commercial,Government SmartPay Purchase Cards, Fleet and some business cards by converting a chunk of interchange revenue that is going to the card issuers into your own bank account.

Interchange is the same regardless of the processor you choose.  Processing commercial transactions without level 3, it doesn’t matter what your rate is, your giving up a big chunk of revenue that could and should be going into your pocket.

Example #1, Visa Interchange Exercise: 

• Cost for a $5000 Visa transaction without Level 3 Data: $139 or 2.78%
• Cost for a $5000 Visa transaction with Level 3 Data: $99 or 1.98% 
• Cost for a $3000 Visa transaction without Level 3 Data: $99 or 3.30%
• Cost for a $3000 Visa transaction with Level 3 Data: $75 or 2.50% 

Example #2, MasterCard Interchange Exercise: 

• Cost for a $5000 MasterCard transaction without Level 3 Data: $147.50, or 2.95%
• Cost for a $5000 MasterCard transaction with Level 3 Data: $102.50, or 2.05% 
• Cost for a $3000 MasterCard transaction without Level 3 Data: $88.60, or 2.95%
• Cost for a $3000 MasterCard transaction with Level 3 Data: 77.58%, or 2.58% 

If your current merchant service provider hasn’t discussed this with you, its a good idea for you to have your account reviewed by an experienced level 3 payment processing consultant.

Unfortunately most sales professionals are taught what they need to make a sale which is often very vague.   They may not know or understand this otherwise you would be doing it now.  This is your money and well worth consulting with an expert.  You want to ensure your getting 100% of the revenues and rebates your entailed to.

Over the last 20 years our Revolution Payment Systems has helped thousands of merchants and suppliers double their margins and can do the same for you.

To learn more give us a call at 888 790 3450 or email info @ revolution-payments.com

You can also fax your last months statement to 877 901 3181 Attn. Purchase Card Audit

To set ourselves apart from most other payment professionals who rarely do more than sell on rate.  We will show you how to add a minimum of a half % to your bottom line on all of your commercial and purchase card transactions before we discuss lowering your expenses from simply lowering your rate.

Revolution Payment Systems Level-3 processing experts and conutlants