Skip to content
Revolution Payments
  • About Us
  • Level 3 Processing
  • Markets
    • B2B Credit Card Processing
    • Fuel Oil & Propane Payment Processing
    • Grocery Store Processing
    • Pay at the Pump Credit Card Processing
    • Utility Payment Processing
    • Hospitality Payments
    • Truck And Auto Dealers Card Processing Solutions
    • Trade Associations
    • Large Ticket Credit Card Processing
  • Solutions
    • Clover
    • TransArmor Solution
    • Merchant Cash Advance
    • Insightics
    • E-Commerce
    • ACH
  • Insights
  • Contact Us
Free Rate Quote    CALL: 888-790-3450
Revolution Payments
  • About Us
  • Level 3 Processing
  • Markets
    • B2B Credit Card Processing
    • Fuel Oil & Propane Payment Processing
    • Grocery Store Processing
    • Pay at the Pump Credit Card Processing
    • Utility Payment Processing
    • Hospitality Payments
    • Truck And Auto Dealers Card Processing Solutions
    • Trade Associations
    • Large Ticket Credit Card Processing
  • Solutions
    • Clover
    • TransArmor Solution
    • Merchant Cash Advance
    • Insightics
    • E-Commerce
    • ACH
  • Insights
  • Contact Us

Level-3 “transactional” Data

July 15, 2014

Level-3 “transactional” Data (Line Item Detail) is additional payment information entered on commercial and government transactions.  It defines what is being purchased, who is involved, how the transaction takes place and combines this information with basic payment data and sends it along with the payment transaction.

Visa and MasterCard created special interchange rates as a way to incentivize merchants to send level 3 payment information. This additional data helps the government and other companies manage their Purchase card programs more effectively.

By providing Level-3 data, a merchants may reduce their credit
card processing fees (commercial, GSA SmartPay, purchase and fleet transactions) – often by 30% to 40%.

Merchants who sell to other businesses or government who don’t send level 3 transaction data is leaving a big chunk of revenue on the table.  Interchange is the bulk of the fees a business pays to accept credit cards and goes back to the bank who issued the credit card.  Processors Receive NO revenue from interchange.

Level 3 lowers interchange on commercial transactions by up to 40%.  Merchants are gaining additional revenue that will otherwise go to the card issuing banks.

Setting up a level 3 merchant account is much different than a standard retail account and is recommended working with a level 3 payment adviser.   Just because a merchant sends Level 3 does not mean they automatically receive 100% of the available discounts.  Make sure you receive 100% of the available discounts by working with an experienced level 3 payment processor.

Revolution Payment Systems has been a leading advocate for merchants selling B2B and government suppliers for almost 20 years.

Speak to one of our level 3 payment consultants today.  888 790 3450 or email [email protected]

Revolution Payment Systems can also support Level 3 processing Through Quickbooks, mobile, swiped, Magento, and has a solution for merchants using authorize.net

 

Share this post!
Posted in Level 3 processing and tagged bluepay, high ticket interchange, level 3 credit card processor, level 3 merchant account, level 3 payment detail, level 3 payment detail with magento, level 3 payment gateway, level 3 processing for GSA purchase cards, level 3 processing requirements, line item detail authorize.net, line item detail quickbooks, line item payment detail magento, looking for a credit card processor for level 3 data, magento level 3 payment extension, quickbooks sending level 3 payment detail, revolution payment systems
← Level-3 Detail Authorize.netProcessing Government Purchase Cards →

Search

Recent Posts

  • Level 3 data processing
  • Streamline Your Accounts Payable Process
  • Issuing Ghost Cards
  • Accept Payments With Xero
  • Winning Government Contracts

Categories

  • ACH
  • B2B Merchant Account
  • Billing Solutions
  • Cash Advance
  • Commercial Product Large Ticket
  • Emerging Market
  • Fraud Protection
  • GSA Smart Cards
  • High Ticket Interchange
  • Insightics Solution
  • Interchange
  • Interchange Optimization
  • Large Ticket Interchange
  • Level 2 Processing
  • Level 3 processing
  • Level III Processing
  • NetSuite
  • Oil/Propane
  • pay at the pump
  • Salesforce
  • Uncategorized
  • Utility Merchant Account
  • Virtual Cards
  • zero cost processing

Contact Us

Call: 1-888-790-3450

About Us

At Revolution Payment Systems, our entire focus is on delivering reliable and secure payment solutions to help businesses succeed in an increasingly complex global marketplace.

+ Learn More

Merchant Solutions

+ ACH
+ Clover Solutions
+ E-Commerce Solutions
+ Insightics
+ Merchant Cash Advance
+ TransArmor Solutions

Connect With Us

Toll Free: 1-(888) 790-3450

Hours: Mon-Fri 9am -5pm

Click Here to Contact Us

Revolution Payments is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA. American Express requires separate approval.
www.revolution-payments.com Revolution Payment Systems is an Elavon Payments Partner & Registered ISO/MSP of Elavon, GA

© Revolution Payments | Privacy Policy | Toronto Web Design By Silentblast
Scroll To Top