Skip to main content

Call Now for a FREE Rate Quote

(888) 669-1686

You are here

Level 3 Payment Processing

Add 1% to your bottom line without increasing sales

Commercial credit card transactions are classified as either Level 1, Level 2, or Level 3.

Level 1 has the highest interchange rates, while Level 3 has the lowest. By qualifying your commercial card transactions at Level 3, you can save up to 1.5% on their interchange rate.

Level 3 Processing also includes enhanced transaction reporting, which is required for the majority of government contracts.This improved reporting will speed up the reconciliation process for both you and your clients.

We provide a customized virtual terminal that makes Level 3 processing quick and easy. As a result, your company will benefit from the significant savings provided by Level 3 processing without having to do any additional upfront work.

Level 1 Processing

Level 1 processing refers to business-to-consumer (B2C) transactions, during which consumers use their personal credit or debit card to make both small and large purchases.

Data required for a Level 1 transaction:

  • Merchant Name
  • Transactions Amount
  • Date

Level 2 Processing

Level 2 processing refers to a more detailed transaction between two businesses, also known as B2B payment processing.

Many businesses and government agencies require specific payment methods in order to monitor and control employee spending.

Additional data required for a Level 2 transaction:

  • Tax amount
  • Customer code
  • Merchant postal code
  • Tax identification
  • Merchant minority code
  • Merchant State code

Level 3 Processing

Level 3 processing requires the most detailed information, and these transactions are frequently conducted using business and purchasing credit cards.

Visa and MasterCard offer significantly lower interchange rates on these transactions by collecting this additional data at the point of sale.

Additional data required for a Level 3 transaction:

  • Product Codes
  • Item Descriptions and Quantities
  • Item tax rate
  • Freight amount
  • Destination postal code
  • Destination country code

Level 3 Interchange Rates

Card Type Visa MasterCard
Corporate 1.90% n/a
Business L1 n/a 1.90%
Business L2 n/a 2.05%
Business L3 n/a 2.10%
Business L4 n/a 2.20%
Purchasing 1.90% 1.90%

How To Quickly Process Level 3 Transactions

At first glance, Level 3 Processing may appear to be very time-consuming. That is not the case with our service.

We provide a customized virtual terminal that can process Level 3 transactions in the same amount of time as a standard credit card transaction.

Our virtual terminal will auto-fill the required Level 3 data, allowing your company to reap the benefits of Level 3 Processing without doing any additional work. The virtual terminal can be configured to handle both keyed-in and retail transactions.

Highlights of our Level 3 virtual terminal:

  • Automatically alerts users when a transaction qualifies for Level 3
  • Automatically populates the required Level 3 data
  • Recurring billing options
  • Can be setup to process both Retail and MO/TO transactions
  • Create customer profiles which can securely store card holder data
  • 100% Web-based -- No downloading of software
  • No Setup Fees
  • 24/7 Live Technical Support
  • Enhanced Reporting Tools

Contact Us to Learn More