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What Is Level 3 Processing?
Level 3 Processing was created to prevent excess government spending but, can now be used by businesses that accept commercial, b2b and government transactions to lower interchange costs of accepting these cards.
Visa and MasterCard created special interchange rates to support purchase card programs and level 3 processing, reducing a merchants transactions cost, (interchange) when level 3 line item detail is provided with a transaction.
Level 3 processing is designed for B2B & B2G credit card transactions and requires the capture of line item detail. Information you'd typically find on an invoice. Level 3 Line item detail can equate to more than 11 different line items and include; PO#, unit-of-measure, and sales tax information when applicable, description of the product, and quantity.
Revolution Payments is leading advocate and Level 3 credit card processing consultant serving the B2B & B2G payment space.
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|Destination Postal Code|
|Line Item Detail of Purchase|
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Revolution Payment Systems is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. American Express requires separate approval.
www.revolution-payments.com Revolution Payment Systems is an Elavon Payments Partner & Registered ISO/MSP of Elavon, GA