Free Rate Quote    CALL: 888-790-3450

Level 3 Processing

Level 3 Line Item Detail Reduces B2B & B2G Credit Card Transaction Fees by as much as 1% -1.5%
Saving You Thousands of Dollars a Year

What is Level 3 Processing

Visa and MasterCard use “interchange fees” to determine how much you pay the issuing bank each time you accept a credit card order.

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, and Level 3 – with 1 being the highest rates and 3 being the lowest.

The key to guarantying the lowest interchange rates is to include Level 3 line item detail (see Table I) on the commercial, corporate, fleet, government, MasterCard business cards, and purchase cards you accept from your clients.

Level 3 Processing is a more sophisticated way of accepting commercial and government cards. It tells the issuing bank what is being purchased, who is involved in the transaction, how the sale is taking place, and when.

When you combine this important information with other basic transaction data and send it to the card issuer, they will reclassify the purchase as Level 3, ensuring you pay the lowest transaction process fees.

Lowers Transaction Costs Up to 40%

Providing Level 3 card data ensures your commercial transactions qualify for the best interchange rates available.

Most businesses accepting commercial cards, including yours more than likely, are NOT qualifying for the lowest rates, because your merchant accounts are not set up or registered properly.

Level 3 credit card processing lowers transaction cost by up to 40%. Adding Level 3 data to the order can reduce the transaction cost by 1%-1.5%. This happens on an interchange level before processors add their markup.

 

Technology That Delivers Lower Level 3 Rates

Level 3 card processing 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 Your Level 3 Processing

The Revolution Payments gateway proprietary gateway identifies the cards your accepting and automatically populates Level 2 & Level 3 details to every  qualifying transaction.

Revolution Payments can automate your interchange rate qualification across all payment channels including manually swiped credit cards, orders entered on your PC, mobile swipes, online orders, and mail order telephone orders (MOTO). We offer Level 3 solutions for Quick Books, Magneto, Authorize.net, many ERP systems Including Oracle & SAP

 

Saves Time and Eliminates Errors

Yes, you could attempt to manually add the necessary Level 3 details to get more favorable interchange rebates to each credit card order you accept. But it’s pretty complex, with over 400 different interchange rates based on industry, method of card acceptance, type of card used, and size of purchase. Which means adding Level 3 data by hand is a time-consuming and error-prone process.

The Revolution Payments Gateway automates the Level 3 updating of credit card payments – making the complex incredibly simple, with virtually 100% accuracy. There are no hidden fees. Approval and set-up are quick and easy. Customer service and support are unduplicated in the industry.

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%

 

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.

Can You Qualify for Level 3 Rates?

Commercial, corporate, fleet, purchasing, and MasterCard Business cards can qualify for  Level 3 interchange rates.

Visa business cards don’t qualify for Level 3 rates. But if you include Level 2 processing details on a Visa Business card (see Table I), you can reduce your transaction cost by 0.5%.

High Ticket Interchange Program

The Revolution Payments High Ticket Interchange Program enables you to save money on your large-ticket credit card transactions – specifically, Purchasing Card- Non GSA transactions of $8,725 or higher (1.45% +$35.00).

Large Ticket Advantage

Only Card Not Present Transactions

$10,000.01 - $25,000

$25,000.01 - $100,000

$100,000.01 - $500,000

Greater than $500,000

 

0.70% + $49.50

0.60% + $52.50

0.50% + $55.50

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 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 only, meaning they are not passing on Level 3 line item detail required to get lower rates on government transactions.

Setting up a merchant account to accept government credit cards is different than a standard merchant account. Government credit cards have more features, capabilities, 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. These special rates reduce processing fees when Level 3 line item detail is included with the transaction.

Including Level 3 processing data can reduce the transaction rate to as little as 1% - 1.5%. 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 purchase card orders requires a more sophisticated technology able to capture what Visa and MasterCard require for Level 3 data. By using this technology, Revolution Payments enables your large GSA transactions to meet the Visa and MasterCard requirements for lower rates when using government cards.

 

 

Level 3 Processing Guarantees the lowest interchange rate

Get A Free Level-3 Rate Quote

Upload your last months processing statement for your
customized Level 3 Processing Rate Quote.
One of our Level-3 Payment Consultants will contact you within one business day.

Our Guarantee

We'll Donate *$500 to your favorite charity if we can't save you money!

*In order to take advantage of the $500 offer, complete and most recent statements must be provided for analysis.