If your business accepts B2B or government credit card payments and you’re not using Level 3 processing, you could be missing out on significant savings. Many businesses don’t realize that a substantial portion of the fees they pay to accept credit cards comes from interchange fees, which are separate from the processor’s rates. By submitting the proper Level 3 data, businesses can reduce these fees by as much as 1.5%, often without even needing to change processors. Without this, you may be paying higher fees, especially on B2B and government transactions, where the interchange rates can vary greatly.
Why Level 3 Processing Matters for B2B and Government Cards
When it comes to B2B and government cards, the situation becomes more complex. These transactions can be subject to one of four different rates, which can vary by up to 1.5% before the processor even adds their fee. This creates a large gap in potential savings that many businesses overlook.
The issue is that interchange fees are rarely ever checked for accuracy, and many businesses fail to evaluate the interchange rates properly when comparing credit card processing fees. At Revolution Payments, we’ve helped companies save thousands of dollars per month just by reviewing how their transactions were clearing, before even looking at the processor’s rates. This highlights how crucial it is to ensure you’re processing at the right rate.
The Complexity of Level 3 Data Submission
Level 3 processing requires submitting up to 10 fields of data—including line item details, tax information, and customer codes—to qualify for the lowest possible interchange rates. While this extra data helps secure the best rates, it can be a major challenge for businesses, particularly those that sell online.
For online businesses, collecting this data from customers is virtually impossible. Customers are unlikely to enter this detailed information when making a purchase. This is why Level 3 processing can seem overwhelming and time-consuming for many businesses.
Simplifying the Solution: Automated Level 3 Optimization
At Revolution Payments, we’ve simplified this process by automating 100% of the interchange optimization behind the scenes. We handle all the complex Level 3 data submission, ensuring that businesses can still take advantage of these lower rates without any extra work on their part.
This automation guarantees that every transaction processed by your business clears at the lowest possible interchange rate, allowing you to save money without needing to worry about manually submitting the required data. With our solution, you can continue running your business and processing payments without lifting a finger, while still benefiting from the substantial savings that Level 3 processing offers.
How Level 3 Processing Can Help You Save Up to 40% on B2B and B2G Transactions
At Revolution Payments, we specialize in helping businesses lower their payment processing fees by up to 40% on B2B and B2G transactions. By integrating Level 3 data, businesses can reduce interchange fees by as much as 150 basis points—a significant savings over time.
For larger transactions, such as:
- Visa transactions over $7,755.56
- MasterCard transactions over $10,000
- Government card transactions over $5,557.14
When you submit Level 3 data, these transactions qualify for Commercial Product Large Ticket Interchange rates, resulting in much lower fees for your business.
Why Your Rate Structure Matters for Level 3 Processing
To take full advantage of Level 3 processing, it’s crucial to have the right rate structure and payment system in place. A cost-plus pricing structure is essential to ensure your transactions are processed at the lowest possible interchange rates.
Unfortunately, we often see businesses that have the capability to submit Level 3 data but are on the wrong rate structure, leading to unnecessarily high fees. Even if you process Level 3 payments, you need to ensure that your setup is optimized for the best rates.
Is Your Business Set Up for Level 3 Savings?
If you’re unsure whether your current setup is configured to take full advantage of Level 3 processing, now is the time to find out. Working with an expert can help ensure you’re paying the lowest rates possible on every B2B and government transaction.
Why Choose Revolution Payments?
With over 25 years of experience helping businesses optimize their payment processing, Revolution Payments is your trusted partner in qualifying for Level 3 interchange rates and reducing your fees. Our automated Level 3 optimization solution does the heavy lifting for you, ensuring that you always qualify for the lowest rates without any extra work on your end.
Take Action and Start Saving Today
If you have questions about Level 3 credit card processing or would like to see exactly how much your business could save each month, give us a call at 888-790-3450 or email info @revolution-payments.com.
Don’t leave money on the table—let us show you how Level 3 processing can reduce your fees and help your business grow.