Posts Tagged ‘level 3 requirements’
How Level 3 Processing Saves You Money
To fully grasp how level 3 processing reduces your processing costs you first need to understand that the bulk of fees you’re paying to accept credit card goes directly back to the card issuing bank. This is called Interchange. Believe it or not, Visa/MasterCard and your processor receive no revenue from interchange. If you’ve ever…
+ Read MoreLevel 3 Processing | Revolution Payments
Visa and MasterCard created special interchange rates by lowering the transaction cost when level 3 line item detail is included in with a payment transaction. Revolution payments can help you qualify for level 3 interchange rates
+ Read MoreHow processing Level II and III Line Item Detail Impact your rates
How processing Level II and III Line Item Detail Impact your rates
+ Read MorePurchase cards, GSA SmartPay, and Level 3 credit card processing
Level 3 processing is a unique class of credit card processing. The Level 3 classification only applies to specially issued Purchase Cards (p-cards) that are able to accept an enhanced set of data about the goods and services that are being purchased. Banks started issuing p-cards to federal, state, and local government agencies (GSA SmartPay)…
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