Archive for the ‘Level 3 processing’ Category

MasterCard Commercial Payments Account

Sunday, July 26th, 2015

MasterCard Commercial Payments Account:
April 11, 2014, MasterCard launched  a new virtual card product.

MasterCard Commercial Payments Account, is as an alternative payment solution to checks for business-to-business payments. Since the account number is associated with a virtual card product, all transactions will be card-not-present. There will be no physical plastic card and cardholders will not have PIN capabilities. MasterCard will also introduce a new MasterCard Commercial Payments Account interchange program that will have six tiers as depicted in the table below to support interchange based on different transaction amounts. Merchants will experience a shift in interchange as a result of this new virtual card product.

https://www.mastercard.us/en-us/businesses/mid-large/purchasing-solutions.html

Tier Amount Rate
1 Less than $7,255.00 Large Market Applies
2 USD $7,255.00 – $25,000.00 1.20%
3 USD $25,000.01 – $100,000.00 1.00%
4 USD $100,000.01 – $500,000.00 0.90%
5 USD $500,000.01 – $1,000,000.00 0.80%
6 USD $1,000,000.01 and greater 0.70%

If your company is selling to other businesses or the government you require something different than a standard merchant account. Consulting with a B2B and Level-3 payment consultant can significantly impact your bottom line, not only with reduced expenses but value enhancing technology most businesses never take advantage of because their merchant service provide never took the time to explain and most likely did not understand himself.

Questions?  Give us a call at 888 790 3450 or email info@ revolution-payments.com. Our Level 3 payment experts are standing by and happy to assist.

 

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