b2b level 2-3 processing

What is b2b Level 2-3 Processing?

Businesses accepting commercial and corporate cards will pay the highest fees to process those cards. Why? Because there are rewards attached to them. The more rewards, the more they will pay to process them. In fact, they will pay 2.95 – 4% to process these cards! 

 

PCBancard can help them lower their fees to process these commercial and corporate cards, simply by capturing more information when the card is processed. We provide a specific terminal that supplies Level 3 processing, which lowers the risk to accept that card, and in turn will lower fees for the merchant. A rate of 2.95% can be instantly lowered to 1.8% in a matter of seconds.

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THE DETAILS

Level 3 processing requires the capture of specific line item data in credit card transactions. These additional data fields include merchant name and address, invoice number and tax amount, plus line item details such as item description, quantity and unit of measure, freight amount, and commodity and product codes.

When processessing Level 3 transactions you save money with lower interchange rates than those available for Level 1 or Level 2 purchases. In addition, you receive detailed reporting that allows your to track transactions from inception to settlement.

BENEFITS
  • Substantial saving accepting credit cards
  • Recurring billing (system will remember customers data for next transaction)
  • Fast, easy setup with live support
QUALIFICATIONS
  • 80% of credit cards accepted must be Corporate, Purchase, Commercial, or Business cards
  • Business must primarily sell to other businesses

Commercial Standard Interchange is 2.95% plus .10 cents, if on Level processing that rate would be 1.80% plus .10 cents

Sample Savings
Transaction Amount
Standard Processing Fee
Level 3 Processing Fee
Level 3 Savings
Transaction Amount

$5000

Standard Processing Fee

$147.60

Level 3 Processing Fee

$90.10

Level 3 Savings

$57.50

Transaction Amount

$10,000

Standard Processing Fee

$295

Level 3 Processing Fee

$165

Level 3 Savings

$130

Transaction Amount

$30,000

Standard Processing Fee

$885

Level 3 Processing Fee

$420

Level 3 Savings

$465

Transaction Amount

$50,000

Standard Processing Fee

$1,475

Level 3 Processing Fee

$660

Level 3 Savings

$815.10

Transaction Amount

$100,000

Standard Processing Fee

$2,950

Level 3 Processing Fee

$1,230

Level 3 Savings

$1,720