Posts Tagged ‘high ticket interchange’
MasterCard Commercial Payments Account
MasterCard Commercial Payments Account, is as an alternative payment solution to checks for business-to-business payments
+ Read MoreAccepting Large Ticket Credit Card Transactions.
accepting commercial transactions is much different than a regular merchant account, consulting with a B2B/B2G payment consult can help reduce your transaction cost by as much as 1.50%
+ Read MoreGovernment Agencies encouraged to choose vendors who process Level 3 Data
The Government has not mandated Level 3 processing yet, however GSA has added level 3 processing as a requirement for some contracts. Whether required to pass level line item detail or not, If properly set up Level-3 provides significant advantages for merchants who process commercial and government credit card transactions. Its not only for your…
+ Read MoreVisa Purchasing Large Ticket Interchange Program
Both Visa and MasterCard have a High Ticket Interchange Program that can save you up to 1.50% on your commercial, fleet, purchasing and government credit card transactions.
Originally limited to 35 designated B2B Merchant Category Codes (MCCs)
• As of April 7, 2006, program opened all non T&E
+ Read MoreLevel 2 & 3 Data & Processing Business and Commercial Credit Cards
Sending level 3 detail for reduced interchange costs on commercial and government transactions.
+ Read MoreLevel-3 “transactional” Data
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…
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