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Level 3 Processing

Take Your Commercial Card Acceptance To A New Level with Level 3 Processing

Corporate purchasing card transaction payments are priced differently from consumer credit card transactions. The key to obtaining the best rates for these transactions is to include Level 3 line item detail with your commercial, corporate, fleet, government, MasterCard business cards and purchase cards.

What is Level 3 Processing

Level 3 is a more sophisticated way of accepting commercial and government cards that Level 3 defines "what" is being purchased, “who” is involved in the transaction, “’how” the sales takes place, “and “when” it takes place, combines this information with other basic transaction data and sends this to the card issuer.

Benefits of Level 3 Processing

Level 3 processing lowers (interchange) transaction cost by up to 40%. The difference of in including level 3 vs. not can be as high as 1%-1.5%.

This happens on an interchange level before processors add their markup.

Level 3 Payment Technology

Level 3 requires sophisticated payment solutions capable of capturing the additional line item detail requirements. Standard credit card terminals will not support Level 3 Line Item Detail.

Revolution payments supports an array of level 3 payment solutions. Whether you need to provide level 3 detail or simply looking to take advantage of the reduced level 3 interchange rates, we have you covered.

Automate Level 3 Processing

Our Level-3 gateway solution will automatically send by Level 2 and Level 3 Data on your behalf on every transaction you process, without requiring you to manually enter this data.

We Can Also Support Level-3 in: Quick Books, Magneto, Authorize.net, various ERP solutions and more.

How Much Can Processing Level 3 Save You?

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%

Level 3 requires sophisticated payment solutions capable of capturing the additional line item detail requirements. Standard credit card terminals will not support Level 3.

Revolution payments supports an array of level 3 payment solutions. Whether you need to provide level 3 detail or simply looking to take advantage of the reduced level 3 interchange rates, we have you covered.

Qualifying for Level 3 Reduced Interchange Rates

Qualifying for level 3 interchange rates requires specific line item data is included with the payment transaction. This chart shows the additional line item requires for each level of processing.

Commercial, corporate, fleet, purchasing and MasterCard Business cards qualify for level 3 reduced interchange rates.

Visa business cards Do Not qualify, however including level 2 on a Visa Business card can reduce your transaction cost by .50%

High Ticket Interchange Program

Purchasing Card-Non GSA/Corporate transaction greater than or equal to $8,725 ( 1.45% +$35.00 )
Large Ticket Advantage

Only Card Not Present Transactions

$10,000.01 - $25,000                           0.70% + $49.50

$25,000.01 - $100,000                         0.60% + $52.50

$100,000.01 - $500,000                       0.50% + $55.50

Greater than $500,000                        0.40$ + $58.50

Data Element Level-1 Level-2 Level-3
Merchant Name
Transaction Amount
Transaction Date
Customer Code
Ship From Postal Code
Destination Postal Code
invoice Number
Order Number
Freight Amount
Line Item Detail of Purchase

Government Purchase Card Processing

Statistics show us that at least 3 out of 5 Vendors have not been set up to accept government credit cards correctly. Most have been set up to accept consumer and check cards vs purchase cards, meaning they are not passing level 3 line item detail.

Setting up a merchant account to accept government credit cards is different than a standard merchant account. Government credit cards have more features, capability and controls than other credit cards, they also have different interchange rates based on how vendors accept them.

To encourage vendor participation Visa and MasterCard created special interchange rates to support Purchase Card programs reducing the suppliers transaction costs if Level-3 line item detail is included with a transaction.

 

The difference of including level 3 processing data vs. not can be as high as 1%-1.5% Savings is available for any size purchasing card ticket, however this savings can be further increased for contractors that process large tickets.

Visa GSA Large Ticket Interchange Program

1.20% + $39  Transaction must be greater than $5,984.61

Processing government cards requires a more sophisticated technology able to capture what Visa and MasterCard call Level 3 data. Level 3 data will allow the transaction to meet the Visa and MasterCard Interchange requirements and receive  the lower interchange rates associated with government purchasing cards.

Select An Experienced Level 3 Merchant Services Partner

Providing Level 3 processing solutions means managing Interchange rates and qualification criteria for commercial MasterCard and Visa card payments. The reality is that most businesses accepting commercial cards from their buyers are NOT qualifying for the BEST available rates because their merchant account is not set up or registered properly.

Revolution Payment Systems Has Taken Level-3 Processing To Another Level

Revolution Payment Systems’ New Payment Gateway simplifies the way merchants process Level-3 Data.  Aside from the traditional Level-3 Processing, Revolution Payment Systems has the ability to send Level-3 Data on your behalf  without you lifting a finger.

Whether a transaction is keyed in, processed over the internet, via a mobile device, through Quick books or swiped, their technology sends Level-3 payment detail behind the scenes.  Any  possible card that can qualify at Level-3 interchange.

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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.

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