Level 3 Credit Card Processing

What is Level 3 Processing

Level III Credit Card Processing, like Purchasing, GSA, Business, or Corporate cards, has become more and more common as corporations and government agencies replace paper purchase orders with electronic payments. Submitting Level 3 processing Card Data or also known as Level III Credit Card Processing with these purchases maximizes interchange savings. Level 3 processing Payment Technology is designed to specifically  submit Level 3 processing Card Data on commercial credit card transactions.

Paytrace is a browser-based hosted payment solution designed specifically for processing Purchasing, GSA, Commercial, Corporate, and other Business cards. Prompting for and storing line item detail or “Level 3 credit card processing” information such as, Item Part Number, Item Description, Quantity, Unit of Measure, Price etc., ensures interchange qualification and substantially lowers processing costs.  Paytrace also has the ability to pre fill this information so you can take advantage of the lower interchange cost but do nothing more than enter the credit card number and expiration date.

Level III Credit Card Processing data can substantially reduce interchange rates and fees on Purchasing, GSA, Business, or Corporate credit card transactions.

Level III Credit Card Processing data is fairly complex and requires the use of specialized point-of-sale systems. Our software allows us to process this detail for you by defaulting data.  Detailed statement analysis is recommended to determine if Level III credit card processing is right for your business. Level II card data is relatively simple and can be submitted using most conventional point-of-sale terminals, payment gateways, and software products.  However depending on the card brand if you don't enter the tax field in the terminal then you won't qualify for the level II rates.

Please see below for interchange cost comparisons between Level I, Level II, Level III, and Level III Large Ticket Interchange categories. The charts below show you the true cost from Visa, and MasterCard for Level 1, Level 2, Level 3, and Level 3 Large Ticket interchange.  It's important that you work with a qualified partner that knows what level 3 credit card processing is.  Without being setup correctly you could just be saving the processor money and allow a larger profit margin for them.

Visa Purchasing Card Interchange Rates

  • 2.65% + $0.10: Purchasing CNP
  • 2.40% + $0.10: Purchasing Retail
  • 2.10% + $0.10: Purchasing B2B
  • 2.05% + $0.10: Level II Data Rate
  • 1.95% + $0.10: Purchasing Level III
  • 1.45% + $35.00: Large Ticket
  • 1.95% + $0.10: Corporate Level III

Purchasing Large Ticket Sales Amounts must be over $6,980.

MC Corporate Interchange Rates

  • 2.65% + $0.10: Data Rate I
  • 2.50% + $0.10: Data Rate II - Fleet
  • 2.40% + $0.10: Data Rate II - Purch
  • 2.20% + $0.10: Data Rate II - Business
  • 2.15% + $0.10: Data Rate II - Corp
  • 2.05% + $0.10: Data Rate II - Petro
  • 1.80% + $0.10: Data Rate III
  • 1.25% + $40.00: Large Ticket

Large Ticket Sales Amounts must be over $7,255.00

MasterCard has several other Level III Card Data Rates and Large Ticket Interchange Categories, including Enhanced, World Business, and World Elite Business.

Did you know?

Government agencies are being directed to take into consideration whether a vendor can provide Level 3 Data when selecting a supplier.

The most recent example of this is the 
PoST Pilot Program for 51V Schedule Contracts.

In this program, participating vendors are required to provide Level 3 Data on all transactions processed on the GSA SmartPay Card.

A bill currently in Senate committee called The Government Charge Card Abuse Prevention Act would require government agencies to put in place new safeguards and controls on government charge cards. Level III line-item detail offers a ready-made solution to meet these potential new requirements. Requiring Level 3 Data would help ensure that GSA Cards are being used only for authorized government purchases.

Submitting Level 3 Data not only lowers processing costs, it puts contractors in a more competitive position for winning government contracts.

Please call to learn more about Level 3 credit card processing payment or Level III Credit Card Processing gateways, merchant accounts, Level III Data Rate credit card processing, Paytrace and registering for Large Ticket Interchange Rates.

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