Posts Tagged ‘level 3 credit card processors’
Level 3 Credit Card Processing
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?…
+ Read MoreReduce your monthly processing Fees with a B2B & B2G Merchant Account
A B2B & B2G Merchant Account Can Lower The Cost of Accepting Commercial Cards by 40% Level 3 Interchange Rates 1.75% MasterCard 1.85% Visa .40%-1.58% transactions over $5800 Commercial Cards Commercial, business, purchasing, corporate & government cards processed without level-2 and or level-3 qualify at different interchange codes between .50%-1.5% higher. The Bulk of the…
+ Read MoreWhy Level 3 Processing
Level-3 Processing can Reduce what you pay to accept Purchase Cards, Business(MasterCard Only) Commercial and GSA by 30%-40% Level-3 takes takes additional line item detail on the transactions and sends this to Visa and MasterCard. When you process Level 3 Data this used by your customers to reconcile bank statements and to help with fraud…
+ Read MoreWhat is level 3 processing
Level 3 processing is additional information that is passed along with a payment transaction. It’s referred to as line item detail and is information you would generally find on an email. Product description, quantity, tax detail etc. For a full list of level 3 requirements email me at [email protected] or view our site at www.revolution-payments.com under Level 3 payment solutions.
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