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Posts Tagged ‘line item detail’

Capture Levels II and III data when accepting commercial cards

Revolution Payments

Capturing level II and Level III payment data on B2B and B2G transactions, can lower your overall cost of accepting these cards by 30%-40%. Business,  government, fleet, commercial, and purchasing cards are used just like personal credit and debit cards. However, they carry higher interchange rates due to the additional functionality, features and capabilities they…

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What is Level 3 Payment Processing?

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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 large credit card transactions (High Ticket Interchange) If you have…

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Level II and Level III Credit Card Processing

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Level II & Level III Credit Card processing can help your business add 1.5% to your bottom line while still accepting Visa and MasterCard——- without having to increase your sales volume…. You probably already know that Visa and MasterCard use “interchange fees” to determine how much you pay an issuing bank each time you accept a credit card order.…

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Accept Government P-cards & B2B Credit Card Transactions for Less!

Why do you accept credit cards?  Is it only as a convenience for your customers, or are you interested in processing transactions at the lowest possible rates? If the latter, and your accepting business-to-business or business-to-government transactions then you owe it your company’s bottom line to ensure these transactions are qualifying at Level II &…

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“What’s your rate”

This is one of the first questions merchants often ask me during a conversation. Rate is important but keep this in mind, 75%-90% of the fees you pay don’t even go to your processor, they actually go back to the bank that issued the credit card.  This is referred to as interchange, interchange is the…

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Level-3 Processing

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Level 3 processing is a different way of accepting B2B & B2G credit card transactions that includes entering additional line item detail (item descriptions, quantities, tax detail, etc.)   75%-90% of the fees a business pays to accept credit cards goes back to the card issuing bank, not processors.  Commercial and government transactions fall into 1…

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MasterCard Large Ticket Program

Business Large Ticket I Debit 1.25% + $40.00 Business Debit card transactions, accepted at non-T&E locations, level III data submitted, transaction amount between $7,255 and $24,999.99 Business Large Ticket II Debit 1.25% + $40.00 Business Debit card transactions, accepted at non-T&E locations, level III data submitted, transaction amount between $25,000 and $100,000. Business Large Ticket…

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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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