Posts Tagged ‘line item detail’
Credit card processing levels
Credit card processing levels refers to the additional line item details that are included with a credit card transaction. Level 1 processing refers to business-to-consumer (B2C) transactions, during which consumers use a personal credit cards to make purchase. The data required for a Level 1 transaction is minimum including the merchant name, transaction amount and date.…
+ Read MoreLevel-3 Data Capable Software Provider
If you accept government purchase cards, it may be worth investigating a level-3 data capable software provider. Visa and MasterCard created special interchange rates to support purchase/commercial card program by reducing the transaction cost (interchange) if Level 3 line item detail is provided with the transaction. By providing Level 3 data, a supplier can reduce…
+ Read MoreCommercial Card Level 3 Processing
If your business provides services and goods to other businesses or government, I would encourage you to look into commercial card level 3 processing. Commercial card level 3 processing optimizes the interchange rates when accepting commercial, business, purchasing, fleet and government credit cards. What is Commercial Card Level 3 Processing? Level 3 credit card…
+ Read MoreCapture Levels II and III data when accepting commercial cards
Capture Levels II and III data when accepting commercial cards and reduce the interchange cost of accepting B2B transactions. 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…
+ Read MoreWhat is Level 3 Payment Processing?
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…
+ Read MoreLevel II and Level III Credit Card Processing
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.…
+ Read MoreAccept 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 &…
+ Read More“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…
+ Read MoreLevel-3 Processing
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…
+ Read MoreMasterCard 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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