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Level 3 Processing

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

Level 3 processing "Guarantees" you receive the lowest interchange rates for accepting  B2B & B2G transactions

Commercial, Purchase , Business &  Government credit card transactions qualify at one of three interchange categories; Level 1, Level 2 or Level 3. The higher the level the lower the interchange rate.

The key to obtaining the best interchange rates  is to include Level 3 line item detail on the commercial, corporate, fleet, government, MasterCard business cards and purchase cards you accept from your clients.

What is Level 3 Processing

Level 3 Processing is a more sophisticated way of accepting commercial and government cards. 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 credit card processing lowers (interchange) transaction cost by up to 40%. The difference of in including level 3 card data 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 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

Revolution Payments can identify the cards your accepting and automatically populate  level 2 & level 3 detail to every qualifying transaction.

Let us automate your interchange rate qualification across all payment channels; swiped, keyed, internet, MOTO or mobile.

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

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 additional line item data be passed with the payment transaction. The chart to the right shows the additional line item requires for each level of processing.

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

Visa business cards Do Not qualify, however including level 2 processing detail 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 card data ensures your commercial transactions qualify at the respective  Interchange rate. The reality is that most businesses accepting commercial cards are NOT qualifying for the BEST available rates because their merchant account is not set up or registered properly.

Revolution Payments Has Taken Level-3 Processing To Another Level

Revolution Payments  simplifies  the way you process and qualify for the reduced Level 3 interchange rates.

Call and speak with one of our knowledgeable experts today!

 

 

Level 3 Processing Guarantees the lowest interchange rate

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Upload your last months processing statement for your
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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.