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B2B, CREDIT CARD PROCESSING
Level III Credit Card Processing: Large Tickets, B2G, and Purchasing Cards
Eligible Cards
Cards eligible for level 3 processing are: purchase cards, corporate, government spending accounts, GSA SmartPay cards, fleet and MasterCard business cards.
Requirements for Level 3 data Savings from interchange rates for level 3 are, of course, the most significant. For level 3 processing, Visa's commercial card interchange rates are 1.90% + $0.10. That means you'll save over 1% on every transaction, which can add up to a considerable reduction in fees over time
Especially for business-to-business (B2B) and business-to-government (B2G) transactions, can represent significant savings if merchants provide required data, but the process of submitting that data has a downside that can outweigh the cost savings.
Using the portal, merchants can easily set up the data required for Level III processing. The merchant can enter information for fields that are the same for each transaction and leverage dynamic fields for data that changes, such as PO number or date of sale.
Once Automatic Level III is configured, it will apply to all of the merchant’s card-not-present transactions, whether through a gateway or a third party, even if that software doesn’t support Level III.
B2B - Card - Not - Present
Level III Credit Card Processing
Automatic Level III
Level III processing requires more detailed data, a lot of which merchants might not even know what it means. This information can include freight or shipping costs, product details such as SKU or other identifier, quantity, unit of measure, and other data, when applicable, such as duty, expiration date, invoice or purchase order number, commodity code and discounts.