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Level 3 Processing Explained

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Visa and MasterCard apply a surcharge for B2B & B2G credit card transactions processed without level 3 payment detail.

Visa & MasterCard use interchange rates to determine how much you pay to accept a credit card.  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, or Level 3. Level 1 has the highest rates. Level 3 has the lowest rates.

What is Level 3 processing?
It means passing line-item detail; information generally found on an invoice; PO number descriptions, quantities….other details. When Level 3 processing information is included with a payment, the transaction qualifies at level 3 interchange codes, lowering your cost by 30%-40%.  This happens before your processor adds their fee.

Questions?  Give us a call 888 790 3450

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