Having the correct payment technology is required to receive the lower interchange rates for passing level 3 data.
Credit card terminals will not support level 3 enhanced line item detail.
The following fields will need to be filled to run a successful Level-3 transaction and may help you receive the best interchange rate. For your convenience, we have highlighted the information that you will need to collect from your customer:
- Name on Card
- Credit Card Number
- Card Security Code (if it is available from the customer; otherwise the default indicator is “Not Provided”)
- Expiration Month
- Expiration Year
- Cardholder Billing Address (not required, but highly recommended)
- Country/State
- Postal Code
- Line Item Detail, which includes:
- Product Code
- Product/Service Description
- Quantity
- Item Amount
- Unit of Measure Code
- Commodity Code (UNSPSC code; this value should be at least four digits not beginning with a zero)
- Customer Ref Value (For all card types, this is highly recommended. Essentially this is whatever piece of tracking data that the customer wants to see with the transaction.)
- Order Number (not required, but highly recommended)
- Invoice Number (not required, but highly recommended)
- Invoice Date (not required, but highly recommended)
- Net amount (will fill automatically with the total of the Line Item Amounts)
- Sales Tax (pre-filled with $0.00 – we highly recommend passing an actual value if sales tax is involved)
- Freight Amount (Shipping) (pre-filled with $0.00)
- Duty Amount
- Transaction Amount (will fill automatically with the total of the net amount, sales tax, freight and duty)
If your business accepts business transactions and needs the ability to processing level 3 or curious to see the potential savings from implementing a level 3 merchant account please call our office at 888 790 3450 or email [email protected]
Posted in Level 3 processing