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I’m going to share why level 3 processing aka (level 3 line item detail) is so important if you accept credit cards from businesses or government.

For most businesses, credit card processing fees are in the top 5 of all expenses.

All business people and entrepreneurs are busy, but the time invested in learning the basics about what I’m about to share will pay off tremendously for those accepting commercial and or government credit cards.

Understanding how your bottom line is impacted by interchange rates and your processor’s rate, will help you make more informed decisions when choosing a processing partner.


Why Level 3 Processing is so Important!


Up to 80% of the fees you pay to accept credit cards goes back to the bank that issued your clients card, Not Your Processor!

This is referred to as interchange, interchange is the same regardless of the processor. This is yet another reason why banks issue credit cards, they earn the interchange fee anytime one of their cards used.


Commercial Cards Have 3 Different Interchange Rates

B2B & government purchases fall into 1 of 3  interchange categories — Level 1, Level 2, and Level 3 –

These different tiers depend on whether level 3 detail is entered, if not, the transactions clears at a different interchange rate (level 1) and has an interchange cost of roughly 1% more.

This 1% is applied to interchange before a processor applies whatever rate they are going to charge.

This is why level 3 processing is so important. You may have a great rate and your processor may honestly be trying to do a great job for you, however, accepting commercial or government cards without level 3 detail and you’re losing 1% of revenue on every transaction, for reason that have nothing to do with the rate your processor is charging you.

Revolution Payments developed technology that helps businesses meet the level 3 processing requirements, in fact, we’ve automated this for you.

This results in lower Visa and MasterCard’s interchange rates, saving you as much as 1%-1.5%.

Here is what I would like you to do next if you are interested in seeing the impact this will have on your business. You will quickly see why level 3 processing data adds new interchange revenue to your bottom line, you can’t get from your processor!


 Give us a call 888 790 3450, upload a recent statement on our site, or fax it to 877 901 3181

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