Few contractors are aware that Visa and MasterCard offer exclusive rates that can reduce transaction fees by 1%-1.5% for those who meet Level III processing requirements. Unfortunately, 3 out of 5 contractors miss out on these savings simply because they haven’t been informed of these options. By providing Level III line-item detail, contractors not only save on processing fees but also help buyers improve their purchase card management.

Despite these substantial benefits, many contractors are set up by banks or processors that don’t specialize in government contracting. They may lack the knowledge to guide you toward the correct processing setup—missing an opportunity to reduce costs on every transaction.

With credit card fees directly impacting your bottom line, having a clear understanding of your rate structure can empower you to make smarter financial choices.

Revolution Payments has been helping government contractors process credit cards correctly, at the lowest costs for over 20 years.

Ready to optimize your government purchase card processing and your government contract? Contact us at (888) 790-3450 or info @revolution-payments.com for expert advice on maximizing your savings.

Revolution Payments is a SAM-registered, CAGE-coded vendor that specializes in helping government contractors reduce their interchange costs with Level 3 processing

Although commonly referred to as the federal contracting market, it’s more accurately described as the federal purchasing market. Why? Because not everything the government buys requires a formal contract. In fact, the most common purchasing method for the government mirrors that of everyday consumers: using a credit card. Last year alone, government buyers made over 95 million credit card transactions, totaling approximately $29 billion.

Chances are, your business is better equipped to accept credit card payments than navigate the lengthy and complex process of securing a federal contract. However, the challenge lies in the fact that these credit card purchases are not posted for bid—they aren’t announced, competed for, or advertised. Despite this, government buyers make these transactions over 250,000 times daily.

If you’re interested in tapping into this hidden market of federal credit card purchases, give us a call today.  Aside from gaining new opportunities, Visa and MasterCard have created special interchange rates (level 3 credit card processing) for accepting government purchase cards. This program, when set up properly, this can save you 30%-40%.

Questions? Call 888 790 3450 or email info@ revolution-payments.com

Make sure you work with an experienced payment professional to ensure you are set up properly to receive 100% of the incentive rates.  Questions on how you can save money with Level 3 P-card processing give us a call at 888 790 3450 or email info@ revolution-payments.com

FEDERAL PUBLICATIONS SEMINARS

Save Money with Level 3 P-Card Processing

In Episode #51, we talk with Sean Jones of Revolution Payments about how contractors could benefit from level 3 credit card processing.  The option has been around for years but not every contractor realizes it.   Though some GSA contracts require level 3, others do not, yet contractors can still take advantage of the savings.  Sean explains the history of level 3 and its  savings.

https://www.buzzsprout.com/980551/12714131

With the many challenges facing contractors today, many have relied on their banks to set-up their credit card processing. It’s regrettable that many in the contracting industry are unaware of the advantages that correct processing solutions can present.

Many years ago MasterCard and Visa have created special interchange rates to support purchase card programs by reducing the supplier’s transaction costs if Level III line item detail is entered when processing a transaction.

Level III processing can lower the supplier’s discount rate by as much as 1.0% – 1.5% when compared to non-Level III credit card processing, depending on the card type and the size of the transaction.

These special rates are intended to be an incentive to pass Level III, which in turn will assist buyers in managing their purchase card programs Even with the considerable advantages a contractor can receive from level III processing, it is used infrequently.

In fact, statistics show us at level 3 out of 5 contractors are not set up to accept purchasing cards properly.

The fees for accepting credit cards are a part of doing business however, having an understanding of rates and the fees that impact your bottom line will empower you to may more informed decisions Questions? Give us a call 888 790 3450 info@revolution-payments.com www.revolution-payments.com