Level 3 credit card processing can lower your cost of accepting B2B and B2G credit card transactions by 40%. Level 3 processing passes additional information about a transaction (line item detail) to the processor. Information you would generally seen on an invoice that is processed along with a transaction.
Revolution Payments can automatically reclassify your B2B and B2G transactions to level 2 & level 3 interchange rates.
Most business owners overlook the benefits of level 2 and level 3 processing and only focus on “rate” when choosing a processor. This is a big mistake. Up to 90% of the fees you pay to accept credit cards goes back to the banks that issue credit cards. This is referred to as “interchange”
Commercial, Purchase and Government credit cards transactions fall into 1 of 3 interchange categories, level 1, level 2 or level 3. In reality most processors offering cost plus rates will come in relatively close, Level 3 processing allows you to capture up to 1.5% of additional interchange revenue that you cannot get from a processor.
Level 3 Interchange Rates.
I’ve attached a sample statement snippet of a client that is getting level 3 interchange rates. All transactions are qualifying at
Visa level III interchange 1.85%.
Compare this with your current rates, if you have questions about level 3 processing, or would like a no obligation level 3 rate quote, give us a call at 888 790 3450 or upload a recent statement HERE