Posts Tagged ‘line item detail’
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 MoreNew B2B Payments Gateway Saves On Interchange Fees
By pymnts For different types of buyers, there are different measures required by payment processors to safeguard a transaction. B2B and government procurement transactions are often the most complex because payment processors require greater detail about a purchase in order to verify and complete the transaction. But these complexities can create time-wasting burdens for corporate and…
+ Read MoreLevel 3 Processing and GSA
If you sell to the government sending Level 3 line item detail with your credit card transactions could save you up to 40%
+ Read MoreBenefits of Level-3 Processing
What benefits can you expect from including level 3 line item detail with your commercial transactions? #1 Benefit is lower transaction cost. The difference between processing Level-3 detail and not can be as high as 1%-1.5%. This is on interchange costs alone, before processors add their processing markup. This is a savings that can NOT…
+ Read MoreLevel 3 Processing
What is Level 3 Processing? Level 3 processing is a more sophisticated way of accepting and processing commercial and government credit cards. Additional line item detail about the transaction is included with the transaction and passed along to Visa. Commercial cards are divided into 3 categories based on the level of information included with…
+ Read MoreCommercial Data Rate II /Level 2 processing
Entering level 2 payment detail can lower your transaction costs.
+ Read MoreLevel 3 Credit Card Processing
Technology is key for money management and capturing and submitting level 2 and level 3 payment detail with commercial credit card transactions is key for your business to receive and qualify your commercial, corporate, fleet, business and government credit card transactions at the lowest interchange levels. Commercial cards have tiered interchange rates can…
+ Read MoreHigh Ticket Merchant Account
Businesses who process large ticket transactions can take advantage of the reduced interchange rates
+ Read MoreGovernment Contractors especially 51v schedule holders: You Need To know This
Processing level 3 data can reduce transaction cost by 40%
+ Read MoreGovernment Agencies encouraged to choose vendors who process Level 3 Data
The Government has not mandated Level 3 processing yet, however GSA has added level 3 processing as a requirement for some contracts. Whether required to pass level line item detail or not, If properly set up Level-3 provides significant advantages for merchants who process commercial and government credit card transactions. Its not only for your…
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