Level 3 credit card processing is one of those under-the-radar money savers, but there’s no reason to wait until you’re an industry veteran to start saving money with Level 3 processing. So how much can you actually save? The short answer: you can lower your interchange by a little over 1% on commercial credit card transactions. However, like with all things payment processing, the amount you ultimately save will depend on several factors including the credit card network, the level of data processing you qualify for, the technology you use to facilitate transactions, and more.
Level 3 credit card processing enables B2B businesses to save a substantial amount of money on credit card processing by giving their credit card companies more information than they would give these companies to process traditional transactions. However, all credit card providers are not created equally, and each provider has a unique cost/benefit value proposition.
And if you still aren’t sure if your transactions would qualify for Level 3 processing rates, or you want to learn additional ways your business can save money on payment processing, sign up for a free analysis from Payment Depot to learn how you can start saving money on interchange fees today!
Curious to know what the top 4 credit card companies require from merchants to process Level 3 transactions? Read more in our blog post: [ Ссылка ]
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