Revolution Payments reveals a Level 3 Payment Processing solution for QuickBooks Online users.
Level 3 processing can reduce the interchange for accepting credit cards from other businesses and or government by up to 43%. Interchange is responsible for the bulk of the fees you pay to accept credit cards; it’s also paid to the card issuing bank. Visa, MasterCard and your processor make no revenue whatsoever from interchange.
Commercial, business, fleet and government cards are able to qualify for lower interchange rates if Level II and Level 3 processing detail is processed with a transaction.
Accept a B2B or B2G card without level 3 detail, it qualifies at level 1, costing you roughly 80 basis points more in interchange. You can see this by doing a quick Google search for Visa Interchange rates. Page 13.
Unfortunately, many businesses who sell primarily to other businesses or government are not passing along the enhanced data required to receive these lower interchange rates; others may be using software or a device that does not support Level 3 processing.
Now, with Revolution payments Level 3 Payment Processing solution for QuickBooks Online users, QB users can take advantage of these lower interchange rates.
Revolution Payments automatically updates your transactions to level 2 and level 3 processing rates, without requiring you to manually enter this data. This prevents human error and optimizes every transaction to the lowest-possible interchange rate
- Sales Order
- Credit Memo
- Offline mode – accept credit cards without having internet access and process those later
- Level II support for reduced credit card transaction fees
- Level III support for purchasing cards
- Accept credit card and electronic check payment
- Print payment receipts
- Performs transaction types like Authorize, Capture, Void, Credit, etc.
- Receive Payment
Have questions, about our Level 3 Payment Processing solution for QuickBooks Online ,or want a no obligation savings analysis and review? Give us a call. 888 790 3450 or email info@ revolution-payments.com