One reason banks issue credit cards is because they receive the interchange rates anytime of of your customers pays you with a credit card.  Although interchange is the same regardless of the processor you choose, making sure you have a level 3 merchant account, and cost plus pricing, you can capture a large chunk of interchange revenue that will otherwise go back to the card issuer.

Accepting commercial or government  credit cards without  level 3 detail. You will always pay about 1% more than the best rate you can receive from a processor!

Visa and MasterCard use “interchange fees” to determine how much you pay an issuing bank each time you accept a credit card order.

What most businesses have not been told is that commercial, business and government transactions fall into one of 3 interchange categories — Level 1, Level 2, and Level 3 – with 1 being the highest rates and 3 being the lowest

The different tiers depend on whether level 3 detail is entered, if not, the transactions clears at a different interchange rate (level 1) and has an interchange cost of roughly 1% more.  This happens before a processor applies whatever rate they are going to charge.

To see this for yourself Google Visa 2018 interchange rates.

Page 13 You will see interchange for commercial cards.

• Commercial Level III 1.90% + $0.10
• Commercial Level II 2.50% + $0.10
• Commercial Card Present 2.50% + $0.10
• Commercial Card Not Present 2.70% + $0.10

You either pay an interchange charge of 1.90% or 2.7% before your processor adds their fee.  Yes, having a low (processors) rate is important however, since 80% or more of the fees you pay to accept credit cards is non related to your processors rate. Why not make sure your set up so your B2B & B2G transactions clear at the lowest possible interchange rates.

What Revolution Payments offers is a proprietary payment solution, that works like this, For all credit card transactions … whether processed online or entered manually on your PC or mobile … our system identifies the cards accepted and automatically populates and attaches level 3 detail w/o you having to manually enter the 7-13 addition fields otherwise require

This adds from .80%-1.5% new “interchange” revenue to your profit margins before I look to see what your processor is charging.

What is Level 3 Processing? Take advantage of a No Obligation Level 3 processing rate review/analysis to see what type of impact this will have on your business.

Give us a call at 888 790 3450

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 almost 1% of new “interchange” revenue you cannot get from a processor lowering your rate.

Questions?
Give us a call 888 790 3450 or upload a recent statement for your no obligation level 3 rate quote. No obligation, just good info that will empower your business.

Level 3 Rate Quote HERE