Posts Tagged ‘what is level iii processing’
Benefits 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…
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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
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