The Benefits of Processing Level 3 Credit Card Transactions
What are the benefits of processing Level 3 credit card transactions?
Visa and MasterCard business, commercial, government, and purchasing cards are used similar to personal credit cards. However, Level-3 transactions carry lower interchange rates due to the lower risk that B2B (Business to Business) or B2G (Business to Government) businesses have. The fraud and chargebacks are also considerably less, which lowers the costs overall. In addition, the merchant incentive is to provide the increased data to support the industrial buyer and improve their credit card accounting.
Many merchants can qualify for a lower interchange rate by processing Level-3 data with each transaction and by working with a Level-3 specialist along with a Level-3 processing gateway.
For more information about how to begin processing Level 3 transactions, please submit a tech support ticket.