What is Level-3 Processing
Level 3 Processing is a more advanced way of accepting commercial and government cards. It defines detailed information about the transaction such as, what is being purchased, who is involved and how it takes place. Your Commercial, Purchase and Government Cards are falling into one of three interchange categories; Level-1, Level-2 or Level-3. This is…
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How to Reduce your transaction cost for accepting commercial cards
Passing Level-2 and Level-3 Detail on the commercial, corporate, fleet, purchasing and government cards your accepting can reduce your transaction cost by 40%. Savings is further enhanced for: GSA transactions $5,984.61> Interchange is 1.20% + $39 Non GSA $8,725> Interchange is ( 1.45% +$35.00 ) this varies whether it’s a V/MC Which qualify for Large…
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