Visa/MasterCard Large Ticket Interchange Program.
Do you accept large transactions from your clients? If so Visa and MasterCard’s Large ticket interchange program will significantly lower your transaction cost. Well, it should. Its important you work with an experienced B2B sales professional to ensure your account is set up properly and you receive 100% of benefits.
Purchasing Card Large Ticket
• Must be registered with Visa and have a valid MVV • CPS Qualification • Non-T&E Merchant • Settlement within 7 days of transaction • Must have appropriate MVV value • Purchasing Card Level II: sales tax1 and customer code • Purchasing Card Level III: Level III2 data includes Level II data and line item detail
GSA Large Ticket 1.20% + $39.00
Visa Purchasing Large Ticket 1.45% + $35.00
MasterCard Level II Large Ticket
• Applicable Electronic Authorization Data must be included and match Settlement Data • Magnetic card swipe must be passed in the authorization request for Fleet at fuel locations • Settlement within 1 day of transaction • 25% Authorization to transaction tolerance amount • Bars, Fast Food, E-Commerce and Automated Fuel Dispensers are exempt from the transaction amount tolerance • Level II3 Corporate Card Data (All Commercial Cards except, Fleet Cards at fuel locations) (Customer Code not required for Business or Corporate Cards) • Level III4 Purchasing Card Data • Level III4 data is required for fleet, non-fuel purchases • Card Acceptor Type and Tax ID required for Fleet Cards at fuel locations
1.20% + 40.00
You can see the savings is quite significant over, even Level 3 interchange rates.
If you have any questions regarding Level-3 processing or process high ticket transactions and would like to learn more about the High Ticket Interchange Program
give us a call at 888 790 3450 or [email protected] revolution-payments.com or
fax your last months statement to 877 901 3181 for a No obligation confidential commercial card audit.