Level 2 & Level 3

By gathering a set of additional line-item details, Level 3 Processing is utilized in B2B and B2G transactions to assist large organizations in monitoring and tracking their spending. This highest layer of processing offers much cheaper interchange fees for Visa and Mastercard transactions by utilizing that additional data. B2B and B2G transactions use level 3 processing to track their spending and assist them to get cheaper interchange rates.

The majority of retailers will never be able to accept Level 3 cards, however if you process in a B2B-heavy sector or if you accept a lot of government cards, having Level 3 data acceptance might dramatically lower your interchange costs. Level 3 interchange rates are frequently up to 1.00% less expensive than their normal counterparts!

However, you will need to enter a considerable quantity of data on each transaction in order to access Level 3 data. Additionally, only some gateways can handle Level 3 data. By using the B2B app with the MX Merchant interface, Bryte provides Level 3 functionality. All fields necessary for Level 2 as well as the following will be filled up automatically by the MX Merchant:

Similar to Level 3 processing, Level 2 credit card processing offers many merchant benefits but with fewer criteria. Merchants must still submit extra data fields; however, unlike Level 3 data, these additional fields are often quicker to fill and fewer in number. Although level 2 processing doesn’t nearly offer as much rate reduction as level 3 processing, it still does provides many of the benefits.

Either a standalone credit card terminal or a gateway (such as MX Merchant) that can process Level 2 data is needed to process. The average interchange reductions are about 0.50 percent less than usual sales! Consequently, including Level 2 data is definitely worthwhile if you’re a B2B shop handling sizable orders. You must enter the following data fields with each transaction in order to be eligible for Level 2 data.