What is Level 3 Processing
What is Level 3 processing? To understand why level 3 processing is so important if you accept commercial or government credit cards, keep in mind 80% + of the fees businesses pay to accept credit cards (interchange) goes directly back to the bank that issued credit cards. Processors receive no revenue whatsoever from interchange. One…
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How much can level 3 processing save you?
This post shows how much level 3 processing can save you on your (B2B) business-2-business and (B2G) business-2-government transactions. Even if you have a great rate, accepting b2b, commercial or purchase cards without level 3 detail, you are always going to pay about 1% more than the best rate you can receive from a processor.…
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Government P card processing – Level 3 processing
Government Vendors: Don’t Leave “Rebate” Money on the Table Add up to 1.5% to your bottom line for Accepting Gov & Non Gov Commercial & P-Cards Please note, this is much different than your standard merchant account and will effectively add up 1.5% to your bottom line On ALL Government, Commercial & Business transactions…
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Level 3 Credit Card Processing, Is it right for you?
With the many challenges facing contractors today, it’s no wonder so many are relying on their banks or existing credit card processors to set them up to accept Government P-cards. It’s regrettable that many in the contracting industry are unaware of the advantages available for accepting these cards correctly To support acceptance of corporate &…
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Level 3 credit cards processing GSA Vendors
Vendors, Did you know Over 15 years ago, MasterCard & Visa created special rates to support Purchase Card programs reducing a vendor’s transaction costs (Interchange) if Level-3 line item detail information is processed with a transaction? Yet, 3 out of 5 vendors are still not set up to participate. By providing Level-3 data, a supplier…
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Level 3 Credit Card Processing
Revolution Payments developed a solution that automatically reclassifies the commercial, government and B2B credit cards you accept to level 3 interchange rates, thus adding about 1.5% new interchange revenue to your profit margins, w/o changing your processors rate. Before you disregard this information I’d like to remind you that the service we are providing has…
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Level 3 credit card processing explained
This short video explains the benefits of Level 3 processing for B2B & B2G businesses and how it will reduce your interchange costs. You probably already know that Visa & MasterCard use interchange rates to determine how much you pay to accept a credit type of credit card. Processors receive no revenue whatsoever from interchange,…
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Level 3 Processing | B2B & B2G credit card transactions
Do you accept credit cards from other Businesses or Government? If so, I have some important news that can Add up to 1.5% to your bottom line and Profit margins without having to increase your sales volume…. You probably already know that Visa and MasterCard use “interchange fees” to determine how much you pay an issuing bank each…
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Level 3 Payment Processing
Did you know Visa & MasterCard apply “interchange” surcharges of roughly 1.5% for commercial & government credit cards processed w/o level 3 payment detail? If not, don’t worry. Statics show that 3 out of 5 businesses have not been set up to accept B2B and B2G cards properly. It is regrettable that many businesses are…
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GSA Point of Sale & Transactional Data Technical Information
The GSA site has some great information regarding Level 3 processing and benefits/Additional revenue available to Government Vendors and Contractors. The following information is provided for informational purposes only to provide technical background information on the Point of Sale & Transactional Data initiative to vendors. Transactional Data • Level-3 “transactional” Data: is an “electronic invoice”…
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At Revolution Payment Systems, our entire focus is on delivering reliable and secure payment solutions to help businesses succeed in an increasingly complex global marketplace.
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