Requirements For Level 3 Processing

June 24, 2015

Level 3 processing can benefit businesses who sell to other businesses or government by lowering your interchange  transaction cost by as much as 1.50%.  Level 3 processing involves entering additional line item details about a transaction.

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 processing, the   Requirements For Level 3 Processing  or 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

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