Posts Tagged ‘purchasing cards’
Level III Data
Merchants who sell to other businesses can lower process lower interchange rates by setting up a level III Merchant account and working with a processor like revolution payment systems.
+ Read MorePurchasing cards, GSA SmartPay, and Level 2 & 3 credit card processing
Merchants should also be aware that when the appropriate information is included in a Level 3 purchase, they are rewarded with lower processing rates which can be as much as 1.00%, depending on the provider. Merchants also score additional points with the accounting departments of these organizations because of the usefulness of the enhanced data reporting. Here are the different information fields that need to be captured in order to qualify for the best processing rates
+ Read MoreLevel 3 merchant account
Level 3 merchant account
+ Read MoreLevel 3 Processing for Government Cards
Purchase card acceptors value the faster payment, streamlined A/R, and increased float that accompanies credit card payments. At the same time, they are increasingly scrutinizing the rates and transaction cost they incur. Switching to Level III processing is a concrete and cost-saving step that will provide an opportunity to better serve your existing customers, and possibly open new doors.
+ Read MoreB2B Processing & Level III
Level 3 processing gives you the merchant the ability to process procurement or purchasing cards (cards used typically by larger companies and definitely by the government). Line item detail such as item descriptions, quantity, price, freight and other pertinent information required for streamlined accounting and business practices are required for Level III. This detail defines…
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