Posts by sjadmin1
Level 3 Credit Card Processing
Revolution Payments developed a solution that automatically reclassifies the commercial, government and B2B credit cards you accept to level 3 interchange rates, thus adding about 1.5% new interchange revenue to your profit margins, w/o changing your processors rate. Before you disregard this information I’d like to remind you that the service we are providing has…
Read MoreLevel 3 credit card processing explained
This short video explains the benefits of Level 3 processing for B2B & B2G businesses and how it will reduce your interchange costs. You probably already know that Visa & MasterCard use interchange rates to determine how much you pay to accept a credit type of credit card. Processors receive no revenue whatsoever from interchange,…
Read MoreLevel 3 Processing | B2B & B2G credit card transactions
Do you accept credit cards from other Businesses or Government? If so, I have some important news that can Add up to 1.5% to your bottom line and Profit margins without having to increase your sales volume…. You probably already know that Visa and MasterCard use “interchange fees” to determine how much you pay an issuing bank each…
Read MoreLevel 3 Payment Processing
Did you know Visa & MasterCard apply “interchange” surcharges of roughly 1.5% for commercial & government credit cards processed w/o level 3 payment detail? If not, don’t worry. Statics show that 3 out of 5 businesses have not been set up to accept B2B and B2G cards properly. It is regrettable that many businesses are…
Read MoreGSA Point of Sale & Transactional Data Technical Information
The GSA site has some great information regarding Level 3 processing and benefits/Additional revenue available to Government Vendors and Contractors. The following information is provided for informational purposes only to provide technical background information on the Point of Sale & Transactional Data initiative to vendors. Transactional Data • Level-3 “transactional” Data: is an “electronic invoice”…
Read MoreLevel 3 Credit Card Processing-Why you should Consider it!
Why should you consider including level 3 credit card processing if you accept credit cards from other businesses or government? Not doing so, you lose .80%-1.5% of potential revenue on every credit card you accept. To understand level 3 processing if accept B2B Business-2-Business & B2G Business-2-Government transactions you need to have a basic understating…
Read MoreLevel 3 Credit Card Processing -Accepting Government P-cards
Level 3 Credit Card Processing Setting up a merchant account to accept commercial, business & government cards is different than a standard retail merchant account. Statics show us that at least 3 out of 5 GSA businesses have not been set up to accept commercial cards correctly. Most have been set up to accept standard…
Read MoreLevel 3 Credit Card Processing for GSA Vendors/Contractors
Level 3 Credit Card Processing for GSA Vendors/Contractors Government Contractors can reduce Credit Card Processing Fees with a Level 3 Merchant Account from Revolution Payments! MasterCard & Visa created special “interchange” rates to support vendors by reducing cost “interchange” when level 3 payment detail is included with the payment file. Vendors can save as much as 30% to 40%, saving your…
Read MoreLevel 3 Payment Processing
What is Level 3 Payment Processing Level 3 credit card processing allows merchants who accept Business-2-Business (B2B) & Business-2-Government (B2G) Corporate or Purchase Cards to send additional line item detail along with the transaction, when in turn lowers interchange cost by 30%-40%. As stated on the GSA site: Value Proposition for Vendors: “Faster funding: Improves…
Read MoreProcessing Government P-cards w/ level 3 payment data
GSA Vendors Why pay 2.65% vs 1.85% to process a Government P-card? With the many challenges facing contractors today, it’s no wonder so many are relying on their banks or existing credit card processors to set them up to accept Government P-cards. It’s regrettable that many in the contracting industry are unaware…
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