Posts Tagged ‘level 2 data’
Capturing Level II and III data if you accept commercial cards
Commercial, purchasing and business cards are used like personal credit cards, however they offer employers enhanced reporting and valuable features and capabilities. These cards carry higher interchange rates, however many merchants can qualify for lower interchange rates by collecting Level II and Level III payment data. Level II Data includes: A Tax Indicator denoting the…
+ Read MoreLevel 3 Processing
What is Level 3 Processing? Level 3 processing is a more sophisticated way of accepting and processing commercial and government credit cards. Additional line item detail about the transaction is included with the transaction and passed along to Visa. Commercial cards are divided into 3 categories based on the level of information included with…
+ Read MoreCommercial Data Rate II /Level 2 processing
Entering level 2 payment detail can lower your transaction costs.
+ Read MoreEnhanced Data Level II and III Line item Detail
Understand Level II and Level III Line Item Detail. Whether your company uses a Corporate, Purchasing, Fleet, or Commercial cards, your company can benefit from the reduced interchange level for including this detail with your transactions, Granted your processor sets your account up properly. Level II and Level III transaction detail is information generally…
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