Level 3 Processing Reduces Your Cost of accepting B2B or B2G credit card transactions.
What exactly is level 3 processing?
Level 3 processing is designed for commercial transactions and requires the capture of specific line item data about a transaction combines this with basic payment data and sent to the issuer. It was initially started to help the government manage spending. Visa and MasterCard created special interchange rates in hopes of enticing merchants to enter level 3 payment detail, by rewarding them with lower interchange rates.
This is how Level 3 processing reduces your cost of accepting commercial or government cards. B2B or B2G transactions processed with level 3 detail qualify at different interchange codes and can save you as much as 1%-1.5% in interchange costs.
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Questions? Give us a call at 888 790 3450, let us show you how level 3 processing will impact your bottom line revenues.