Level III
Advantage
Key Features of this Payment Gateway Extension
Note: Level III Advantage isn’t just strictly for your B2B or
B2G merchants to use. If your merchants happen to not
qualify for Level III interchange rates, then they would
automatically transact at Level II rates, which is better than
the standard Level I rates.
Note: Level III Advantage isn’t just strictly for your B2B or
B2G merchants to use. If your merchants happen to not
qualify for Level III interchange rates, then they would
automatically transact at Level II rates, which is better than
the standard Level I rates.
Stop Overpaying
Reduce credit card processing fees with automatic BIN lookup to identify qualified Level II and Level III cards. Our gateway platform optimizes data fields by benchmarking NMI data and your own merchant transaction data to ensure that we only send data when necessary, thus helping to reduce merchant costs.
Customize and Save
Data Templates
Create custom rules and save templates for easy use in future transactions.
Enhance the Customer Experience
Accurate data builds customer trust and loyalty. Our Level III Advantage helps businesses enhance the customer experience by delivering precise, near real-time transaction insights.
What Are Interchange Rates?
Level I, Level II and Level III interchange rates correspond to the different levels of
data merchants provide to credit card companies during transaction processing. The
more detailed the data, the lower the interchange rate.
Merchants processing high volumes of business-to-business (B2B) or business-to-
government (B2G) transactions can make significant savings by utilizing Level III
interchange rates. Level III data offers more transaction information, enabling credit
card companies to better assess the fraud risk. In essence, lower risk translates to
lower rates.
How It Works
By leveraging Level II and Level III data in their transactions, your merchants can secure lower costs while avoiding standard rates and transaction downgrades.
So Much Saved —
and Gained —
with Additional
Transaction Data
Cost Savings
By providing detailed transaction information through Level III Advantage, businesses can qualify for lower interchange rates and reduce their processing expenses. This leads to higher profitability and a stronger bottom line.
Risk Mitigation
Level III Advantage helps merchants reduce risks associated with credit card transactions. By complying with Level II and Level III data submission requirements, businesses enhance transaction security and reduce exposure to potential losses.
Competitive Advantage
Level III Advantage helps businesses gain a competitive edge by securing optimized interchange rates. This advantage allows merchants to offer more competitive pricing, attract new business partners, and meet the needs of corporate buyers.
Want to Deliver Significant
Level III Interchange
Rate Savings?
Resources & Insights
Let me know if you have any questions!