Posts Tagged ‘what is level 3 processing’
What is Level 3 Processing
What is Level 3 processing? To understand why level 3 processing is so important if you accept commercial or government credit cards, keep in mind 80% + of the fees businesses pay to accept credit cards (interchange) goes directly back to the bank that issued credit cards. Processors receive no revenue whatsoever from interchange. One…
Read MoreHow Level-3 Processing Reduces the cost of B2B & Government Credit Card Transactions
Including level-3 line item detail on your B2B & B2G transactions reclassifies these transactions to lower interchange rates. 100% of interchange goes back to the bank that issued the credit card, not processors. Commercial and government cards qualify one of three interchange levels. Level 1, 2, or 3. Level 3 processing allows you to capture…
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