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What is Level 3 Payment Processing?  This short video explains. Level 3 payment processing is the best solution if your accepting credit cards from large corporations or government. This short video explains how level 3 processing can lower your interchange costs on B2B & B2G credit card transactions by 1%-1.5%. Savings is further increased for…

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Level 2 & Level 3 Enhanced Data Processing

Level 3 Credit Card Processing My name is Sean Jones; I’ve been in the Merchant Services industry for 20 years. Today I’m sharing a secret most banks would prefer you didn’t know & Expose you to new technology that will add up to 1.5% to your profit margins on your B2B & B2G transactions regardless…

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Level 3 Credit Card Processing Business-2-Business and Government transactions fall into one of three interchange categories; Level 1, Level 2 and Level 3. The higher the level the lower the interchange rate. Visa & MasterCard created special interchange rates to support commercial transactions by reducing interchange when level 3 is included with a transaction. What is Level 3 Processing?…

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Submitting Level 3 line item detail substantially reduces interchange rates on Purchasing, Corporate, Commercial, Fleet, Business (MasterCard) and Government credit cards. Processing Level 3 data requires more sophisticated payment technology able to process the additional line item requirements. Stand alone terminals and most payment gateways do not support Level 3 Processing. What is Level 3 processing?…

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