Understanding Level I, Level II, and Level III Credit Card Processing

Understanding your processing fees

Understanding Level I, Level II, and Level III Credit Card Processing along with the rates and fees that impact your bottom line can have a huge impact on bottom line revenues. I, Level II, and Level III credit card processing delineate the different interchange categories and qualifications for business-to-business (B2B) and business-to-government (B2G) credit card…

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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?…

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Why 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…

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What 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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