Posts Tagged ‘gsa smartpay’
Level 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 Explained
Level 3 Payment Processing is a more sophisticated way of accepting and processing government & commercial credit card transactions that involves providing Line item detail with your transactions——this in turn, tells the issuing bank what is being purchased, who is involved in the transaction, how the sale is taking place, and when. To encourage merchants…
Read MoreGSA SmartPay Level III Processing
Revolution Payments is helping government contractors and B2B merchants meet the requirements for processing and capturing level III line item detail for GSA SmartPay, B2B and Purchase card credit card transactions. This not only lowers your cost of accepting these cards by 30%-40% but can help you look more attractive to Federal Buyers looking for…
Read MoreGSA SmartPay Level III Processing
Government Vendors/Contractors, revolution payments can support the ability to capture and provide the level 3 data requirements (line item detail) for your GSA SmarPay purchase card transactions. If you need to provide proof of your level 3 capability in order to bid on a contract-along with the additional reporting fields some BPA’s require, Revolution Payments…
Read MoreHow to Reduce your transaction cost for accepting commercial cards
Passing Level-2 and Level-3 Detail on the commercial, corporate, fleet, purchasing and government cards your accepting can reduce your transaction cost by 40%. Savings is further enhanced for: GSA transactions $5,984.61> Interchange is 1.20% + $39 Non GSA $8,725> Interchange is ( 1.45% +$35.00 ) this varies whether it’s a V/MC Which qualify for Large…
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