Archive for the ‘Level 3 processing’ Category

Requirements For Level 3 Processing

Wednesday, June 24th, 2015

Level 3 processing can benefit businesses who sell to other businesses or government by lowering your transaction cost by as much as 1.50%.

Below are some of the requirements to qualify for the reduced level 3 interchange rates.

Requirements For Level 3 Processing

  1. Standard Credit Card Information such as the credit card number,  exp. date, invoice #, billing address
  2. Merchant Name and Merchant State Code
  3. Sales Tax
    1. If non taxable enter zero in the tax field.  Amounts must be submitted separately from the total transaction amount.
    2. Tax Identification, Item Tax Amount, Item Tax Rate, Item Tax Identifier, Alternate Tax Amount
  4. Duty Amount (If N/A enter $0.00)
  5. Freight Amount (If N/A enter $0.00)
  6. Line Item Details:
    1. Product / Service ID (item id)
    2. Product/ Service Description
    3. Item Amount
    4. Quantity
    5. Unit of Measure
  7. Customer Code (Not required but is recommended)

If you have questions about processing level 3 processor and want to see how much your business can potentially reduce its transaction costs

give one of our level 3 payment consultants a call at 888 790 3450 or email info@ revolution-payments.com

MasterCard government P-card and level 3 detail

GSA Large Ticket Interchange and Level 3 Processing

Saturday, May 23rd, 2015

The Large Ticket Program can reduce your transaction cost up and above processing

level 3 line item detail. If your company processes larger ticket transactions call Revolution Payments

to learn more about this exciting program.

GSA Large Ticket Processing Interchange Category Savings from L3
>$5,186.66 Apr 2013
Visa Interchange Category MPS SHORT DESCRIPTION % Rate Per Item % Savings PI Savings
GSA Large Ticket* GSA LG TKT 1.20% $39.00 0.75% -$38.90
GSA Large Ticket* GSA LG TKT 1.20% $39.00 0.75% -$38.90
GSA Large Ticket* GSA LG TKT 1.20% $39.00 0.75% -$38.90
GSA Large Ticket* GSA LG TKT 1.20% $39.00 0.75% -$38.90

 

 

Large Ticket Processing Interchange Category Savings from L3
>$7,255.00 Apr 2013
MasterCard Interchange Category MPS SHORT DESCRIPTION % Rate Per Item % Savings PI Savings
Corporate Large Ticket 1 CORP LG TK 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Business C LGTK I B 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Fleet C LGTK I F 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Purchasing C LGTK I P 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Business C LGTK I B 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 CORP LG TK 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Business C LGTK I B 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Fleet C LGTK I F 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Purchasing C LGTK I P 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Business C LGTK I B 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 CORP LG TK 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Business C LGTK I B 1.25% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Purchasing C LGTK I P 1.35% $40.00 0.55% -$39.90
Corporate Large Ticket 1 – Fleet C LGTK I F 1.25% $40.00 0.55% -$39.90
Enhanced Large Ticket I LGTKT1 ENH 1.37% $40.00 0.55% -$39.90
Enhanced Large Ticket I LGTKT1 ENH 1.37% $40.00 0.55% -$39.90
Enhanced Large Ticket I LGTKT1 ENH 1.37% $40.00 0.55% -$39.90
Enhanced Large Ticket I LGTKT1 ENH 1.37% $40.00 0.55% -$39.90
Enhanced Large Ticket I LGTKT1 ENH 1.37% $40.00 0.55% -$39.90
World Business Large Ticket 1 MWBCMLGTK1 1.42% $40.00 0.55% -$39.90
World Business Large Ticket 1 MWBCMLGTK1 1.42% $40.00 0.55% -$39.90
World Business Large Ticket 1 MWBCMLGTK1 1.42% $40.00 0.55% -$39.90
World Business Large Ticket 1 MWBCMLGTK1 1.42% $40.00 0.55% -$39.90
World Business Large Ticket 1 MWBCMLGTK1 1.42% $40.00 0.55% -$39.90
World Elite Business Large Ticket I WEBCMLGTK1 1.47% $40.00 0.55% -$39.90
World Elite Business Large Ticket I WEBCMLGTK1 1.47% $40.00 0.55% -$39.90
World Elite Business Large Ticket I WEBCMLGTK1 1.47% $40.00 0.55% -$39.90
World Elite Business Large Ticket I WEBCMLGTK1 1.47% $40.00 0.55% -$39.90
World Elite Business Large Ticket I WEBCMLGTK1 1.47% $40.00 0.55% -$39.90

 

Purchasing Card Large Ticket Program T&E MCCs (Excluded) MCC Description

  • 3000-3999 Airlines/Car Rental Companies/Hotels
  • 4112 Passenger Railways 4411 Steamship and Cruise Lines
  • 4511Airlines and Air Carriers
  • 4722 Travel Agencies and Tour Operators
  • 5812 Eating Places and Restaurants 5814 Fast Food Restaurants
  • 7011 Lodging – Hotels, Motels, Resorts 7512 Automobile Rental Agency

Please call 888 790 3450 or email info@ revolution-payments.com to learn more about level 3 payments, qualifying for high ticket interchange rates

or to take advantage of a no obligation level 3 processing audit.   Fax your last months processing statement to 877.901.3181

 

 

 

Level-3 Processing

Monday, May 11th, 2015

Level-3  processing is an advanced way of processing commercial transactions. Commercial cards have different capabilities that other types of credit cards.                                                                                                                                                                    These range from the enhanced line item detail they can capture to restrictions that can be put on the cards, restricting them to certain industries.

 

Special interchange rates have been created to encourage participation in level 2 and level 3 which can reduce your transaction cost by 40% or more.    Even with these incentives many merchants remain unaware of level 3 and its benefits.

 

Many of the businesses processing level 3 data  have not been set up to receive 100% of the reduced level 3 interchange rates.       Just because you process level 3 line item detail, does not mean you automatically receive 100% of the savings.  This depends on whether or not your process set your account up properly (your rate structure).

Revolution payments has taken Level 3 processing to another level and can qualify your commercial cards for level 3 interchange rates without you changing the way you do business.

 

Call 888 790 3450 and speak with one of our level 3 experts to learn more Or fax your last months processing statement to 877.901.3181 for a No Obligation Level 3 processing review and statement analysis.

 

 

 

 

of processing commercial and purchasing cards.  Commercial cards can be processed with  enhanced line item detail.

When this information is provided and your merchant account is properly set up. Processing level 3 line item detail can reduce your transaction cost by 1% and as much as 1.50%.

To learn more about level 3 processing give Revolution Payments a call at 888 790 3450 or  fax your last months processing statement to 877.901.3181 for a No Obligation purchase card and level 3 audit.

 

Government Contractors especially 51v schedule holders: You Need To know This

Wednesday, April 29th, 2015

The government is making a shift in the way they are accepting credit cards and something you need should prepare for. When the GSA SmartPay program was initiated in 1989 level-3 data was not a requirement. That is starting to change. GSA has added Level-3 processing as a requirement for some of the contracts recently awarded, especially the Strategic Sourcing BPAs on GSA Schedule. The government is also encouraging buyers to look for vendors who can provide level 3 data.

 

Processing level 3 line item detail allows any business to reduce their transaction cost while looking more attractive to government buyers.

 

Whatevery51VContractorNeedstoKnow

Congress is moving toward passage of the Government Charge Card Abuse Prevention Act, which requires federal agencies to implement safeguards and controls on government credit cards.  Level 3 detail will reduce fraud by insuring only authorized purchases are occurring.

 

 

To learn more about level 3 processing or take advantage of Revolutions No Obligation purchase card audit, give us a call at 888 790 3450 or email info@ revolution-payments.com

Revolution Payments also supports Level 3 detail in: Quickbooks, Magento and has a solution for Authorize.net users.

 

PS. If you process commercial cards from your clients, GSA and non GSA and not processing level 3 data, your leaving a big chunk of revenue on behind. This is revenue you Can Not get from your processor simply lowering your rate. Call for details