Level 2 & Level 3

Monitor and Track Your Spending

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Card Restrictions

Set company credit card restrictions.

Monitor Spending

Track and monitor spending better.

Lower Interchange Rates

Lower interchange rates for Visa and Mastercard transactions.

Level 2 and 3 Credit Card Processing

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.

Business Owners Working on Tablet

Additional line-item information that further describes transactions for the business and credit card firms requires the submission of this additional data.

By reporting this additional information to Visa and Mastercard, businesses are able to maintain and track purchases made using company credit cards, receive information about the appropriate sales tax, and impose limitations. This enables any organization to keep better track of their spending and ensure that their resources are used to advance operations.

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Information Needed To Process Level 3 Transactions

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:

Both the ship from and destination zip codes.
Both the invoice and order numbers for the transaction.
The freight and duty amounts need to be included.
Items that have measurements and extended amounts should have the information included.
Descriptive product information such as product code, commodity code, and description.
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Information Needed To Process Level 2 Transactions

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.

Swapping a Credit Form
The name of the merchant and their zip code should be included.

The transaction amount should be included along with the date.

Between 0.1% and 31% of the total amount.
Include the customer code or PO number.
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Our team is ready to assist you in finding the right solution for your business while saving you money on every transaction!