I will explain why a level 3 merchant account is a must if you accept commercial, B2B or government purchase cards. Accepting these cards without a level 3 merchant account, your cutting into your bottom line.
For many companies, credit card processing fees rank in the top 5 of all expenses.
I can appreciate that most entrepreneurs and business owners are busy, however the short time you invest to learn what I discuss and the benefits of a level 3 merchant account, can easily add 1%-1.5% to your profit margins, on your existing sales volume.
Understanding interchange rates and how fees impact your bottom line will help you make more informed decisions next time your looking for a few processor or trying to reduce your expenses.
80% or more of the fees you pay to accept credit cards goes directly back to the bank that issued your clients card, Not Your Processor! Processors receive no revenue whatsoever from interchange!
Interchange is the same regardless of the processor and another reason why banks issue credit cards, they earn the interchange fee anytime one of their cards used.
VERY IMPORTANT IF YOU ACCEPT CREDIT CARDS FROM BUSINESSES OR GOVERNMENT
For commercial and government purchases, interchange fees fall into one of 3 different interchange categories — Level 1, Level 2, and Level 3 – with 3 being the lowest.
These different tiers depend on whether level 3 detail is entered, if not, this transactions qualifies at level 1, costing you anywhere from .80%-1.5% more for the same transaction.
You may have a great rate, and your processor could honestly be doing their best to do a great job for you, however if you accept commercial or government cards without being properly set up with a level 3 merchant account you’re your losing 1% of revenue on every transaction, for reason that have nothing to do with the rates/fees your processor is charging you.
Revolution Payments automates level 3 processing and your level 3 merchant account to help you meet these requirements resulting in qualifying for MasterCard and Visa’s lower commercial card interchange rates.
These reduced rates are passed on you, dramatically lowering your fees and saving many cases as much as 1%-1.5% on processing fees.
Receive your free no obligation complimentary and confidential analysis Today! Call 888 790 3450 email [email protected] revolution-payments.com