September 1, 2023

Unlock Savings with Ease: Level 2/3 Pricing Simplified

Randy Butler

Unlock Savings with Ease: Level 2/3 Interchange Pricing Simplified!

Hey there, savvy business owners! Today, we’re diving into the world of interchange. Specifically, how you can effortlessly slash the costs of credit card acceptance if you process B2B transactions. Sounds intriguing, right? Welcome to the realm of Level 2 and Level 3 Interchange Pricing.

Understanding Level 2/3 Interchange Pricing:

As you may know, Interchange fees are transaction fees that merchants pay whenever a customer uses a credit card. These fees can vary based on a myriad of factors, including the type of card used, the transaction size, and the level of transaction detail provided. This is where Level 2 and Level 3 Interchange Pricing come into play.

Level 2 and Level 3 interchange rates are lower than standard rates because they involve providing more detailed transaction information to the credit card companies. For B2B and government transactions, where purchase cards are often used, taking advantage of these lower rates can lead to significant savings.

Level 2 processing requires additional information, such as tax amount and customer code, while Level 3 processing demands even more details, including item descriptions, quantities, and unit prices. Although this might sound like a lot of extra work, the financial benefits are substantial, with merchants saving up to 1% or more on each transaction.

Simplifying the Process with Simple Clear Payments:

Now, you might be thinking, “This sounds great, but who has the time to manually input all that additional data?” Well, that’s exactly where Simple Clear Payments shines.

Simple Clear Payments uses an innovative gateway solution that automates the entire process of adding Level 3 data to your transactions. With our platform, there’s no need for your employees to spend countless hours on tedious data entry. Instead, they can focus on what they do best, while you enjoy the hefty savings on interchange rates.

Simple Clear Payments ensures that you’re always getting the best possible rate on every transaction, without any extra effort from your team. We understand that your time is valuable, and we’re here to help you optimize your payment processing in the most efficient way possible.

Bottom Line:

In the fast-paced world of business, every penny saved is a penny earned. By leveraging Level 2 and Level 3 Interchange Pricing with the help of Simple Clear Payments, you’re setting your business up for success and savings. Don’t let the opportunity to optimize your payment processing and reduce costs pass you by. Join the multitude of satisfied merchants who have streamlined their operations and boosted their bottom line with Simple Clear Payments. Your wallet (and your accountant) will thank you!