Level 2 & Level 3 Processing

Level 3 Processing

  1. Level 3 Processing is used in B2B and B2G transactions to help large corporations monitor and track their spending by collecting a set of additional line-item details. Utilizing that extra data, this top tier of processing offers significantly lower interchange rates for Visa and Mastercard transactions.
  2. Level 3 processing is utilized in B2B and B2G transactions to help them secure lower interchange rates and monitor their spending. It involves the input of additional data through extra line-item details that further outline transactions for both the business and credit card companies.
  3. This additional data is reported back to Visa and Mastercard, allowing businesses to keep track of, receive applicable sales tax detail, and set restrictions on purchases made with a company credit card. This allows any business to better stay on top of their spending, ensuring that their funds are best utilized to further their operations.

Level 3 Data

Most merchants will never have the opportunity to accept Level 3 cards, but if you’re processing in a B2B-heavy industry or if you accept a lot of Government cards, then having Level 3 data acceptance may help reduce your interchange costs significantly. Often times, Level 3 interchange rates are up to a full 1.00% lower than their standard counterparts! But, in order to gain access to Level 3 data, you’ll be required to input a fair amount of information on each transaction. In addition, only certain gateways can accommodate for Level 3 data. Take Charge offers Level 3 support through the MX Merchant interface using the B2B app. MX Merchant will automatically populate all fields required for Level 2, plus the following:

  • Ship-From Zip Code
  • Destination Zip Code
  • Invoice Number
  • Order Number
  • Item Product Code
  • Item Commodity Code
  • Item Description
  • Item Quantity
  • Item Unit of Measure
  • Item Extended Amount
  • Duty Amount
  • Item Quantity

TAKE CHARGE OF YOUR PROCESSING FEES

High-rate rewards cards are costing you a fortune.
It’s time you Start Taking Charge of your processing fees, and reward your cash-paying customers.

TAKE CHARGE OF YOUR PROCESSING FEES

High-rate rewards cards are costing you a fortune. It’s time you Start Taking Charge of your processing fees, and reward your cash-paying customers. Sign Up Now!

Eliminate your processing cost

With processing fees becoming one of a merchants highest monthly expenses, we can help you put more in the bank with this program. Nearly 7 out of every 10 merchants are taking advantage of this program that allows for transaction free processing. This would allow you to realize major savings that can help make your business more profitable.