Level 3 processing provides the lowest interchange rates for commercial, B2B and government credit card transactions. This chart shows the different interchange qualification levels when accepting commercial credit cards from your clients.
This is why its so important to make sure you choose a processing partner that has experience and familiar with interchange rate qualification when it comes to level 3 processing. Remember, the largest component of your expense for accepting credit cards is interchange. Interchange amounts to 80% or more of your total fees. Level 3 processing provides the lowest interchange rates for accepting commercial transactions.
In fact, it lowers interchange by up to 1.5% (depending on the type of card and size of ticket) before your processor adds their processing fee. Unfortunately most business owners have been conditioned to focus ONLY on rate when choosing a processing. Rate is important, but with interchange amounting to 80% or more of your total fees, having an understanding of your rates along with the (interchange) fees that impact your bottom line, will ensure your commercial, B2B and government credit card transactions clear at the lowest possible interchange rates.
Dont overlook this if your accept credit cards from businesses or government.
Level 3 processing provides the lowest possible interchange rates , Guaranteed! Have questions? Give us a call 888 790 3450….. Receive a Free Level 3 Rate Quote!