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Level I, Level II, and Level III Credit Card Processing
Level I, Level II, and Level III Credit Card Processing defines the different interchange classifications for Business-2-Business and Business-2-Government credit card transactions. Level III credit card processing is a more detailed way of accepting B2B and B2G transactions. Businesses whos merchants accounts are properly set up can lower the interchange costs of accepting these cards…
Read MoreHow to Accept Government Purchase Cards
How to accept government purchase cards. Almost any processor can set you up to accept government purchase cards however, if your goal is to accept government purchase cards at the lowest possible interchange rate, its very important to make sure your processor understands interchange as it relates to government p cards. Government Purchase cards qualify…
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…
Read MoreLevel 3 Processing Automated!
Automate Your Level 3 Processing Interchange Rate Qualification. Visa and MasterCard use “interchange fees” to determine how much you pay the card issuing banks each time you accept a credit card transaction. What most banks and processors may not have told you is that for B2B, Commercial or government purchases, interchange rates fall into…
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