If you sell business-to-government or business-to-business, your can reduce your credit card processing fees by implementing a level 3 payment solution.
Level 3 processing is an advanced processing method for business and government transactions. Level 3 processes additional line item detail through with the payment transaction.
A sample of required line item information to qualify for level 3 can be found below.
| Level I and II data elements plus
Item description Item quantity Item unit of measure Item total |
Item commodity code
Item product code Item VAT tax amount/rate |
Tax exempt customers can still qualify for level 3. Consult with a revolution specialist to find out how.
Qualifying for level 3 rates requires payment technology capable of passing level 3 data. Stand alone credit card machines will not support level 3.
Revolution payment systems has technology that has made it very easy for merchants to qualify for level 3 processing rates without changing the way your doing business.
If you process transactions over $6,980 your eligible for additional savings up and above level 3. Any questions or to learn more about the benefits and savings of a level 3 merchant account call or email us today.
888 790 3450 or [email protected]