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Need payment processing to move larger volume funds? We can provide security while saving you money on credit card processing for your wholesale business.
The bare minimum for a transaction to achieve authorization with the highest interchange fees due to a greater level of risk that payment is fraudulent. Keep in mind, Level 1-3 processing does not apply to debit cards. Discover offers only Level 1 processing.
The next level up for authorized processing, thus resulting in a lower interchange fee. American Express only supports up to Level 2. The following information is required.
For L3 transaction, all of the above is required along with more granular details such as ship from-to postal code, freight amount, and duty amount. Due to the extensive data required lowers the risk for the issuer thus, providing the lowest interchange fee for processing. Mastercard and Visa offers up to Level 2 and 3 processing.
L3 processing is generally used for large companies and government agencies that use corporate or government cards.
