Processing Level-3 data on commercial, purchasing, fleet and government credit cards and the savings level-3 can provide.
What is Level 3 processing?
Commercial cards have tiered interchange rates. The tiered rates are based on the amount of additional data transmitted with the transaction.
Processing Level-3 line item data allows your business to capture additional revenue by reducing interchange. Your basically earning additional revenue that is and will otherwise continue going to the card issuing bank.
Level 3 allows you to convert a big chunk of the card issuers profit back into your own….. Remember, 75%-80% of the fees businesses incur to accept credit cards go to the card issuers, not credit card processors.
ONLY merchants who provide level 3 data and are set up properly will receive level 3 interchange. If you sell primarily to: Businesses and the government and you don’t process level 3 data, your losing up to 40% of addition revenue, regardless of how low your current rate is.
If you sell B2B & B2G and your current rep or processor has not suggested or spoke to you about the Level 3 savings and benefits Its time to get a second opinion from a Level 3 payments expert. This person may have your best intentions at heart, but they are costing you 40% or more on your commercial and government transactions.
Have questions or want to speak with a level 3 payment consultant? email [email protected] or call us at 888 790 3450 and ask for Sean.
Let us know if you accept GSA Purchase Cards Level-3