Revolution Payments Introduces Automated Large Ticket Credit Card Processing

Revolution Payments

Revolution Payments, the leading authority when it comes to processing commercial/government transactions, reveals a new program that helps businesses reduce the cost of accepting large ticket credit card transactions.

Merchants who have business-2-business (B2B) and business-2-government (B2G) customers are most likely to see large individual credit card transactions.

Revolution Payments level 3 payment solution automatically populates and attaches level 3 detail without requiring someone to manually entering the 7-13 additional data fields typically required to receive level 3 interchange rates.

With level 3 detail being automatically attached to larger transactions, large ticket transactions within the varies thresholds will clear at Large Ticket Credit Card Processing Interchange Rates.

This saves a business up to 2% and more when processing large transactions.

Interchange rates for large tickets vary depending on the size of the transaction and type of card.

  • Visa Interchange rates will vary from .40% +$58.50 to 1.45% + $35
  • MasterCard varies from 1.15% + $80 to 1.25% + $40
  • GSA 1.25% + $39 for transactions above $5984.62

Level 3 Processing along with Large Ticket Interchange, a business can now recoup a large chunk of interchange that will otherwise go back to the card issuing bank. This is vital. 80% and more of the fees a business pays to accept credit cards, goes back to the card issuing bank. Large ticket commercial, purchase and government cards accepted without level 3 detail, qualify at different interchange codes.

Accepting commercial transactions without level 3 detail and the large ticket program, the interchange rates vary from  2.65%-2.95%. This all happens before a processor adds their fee.

The only way a business can take advantage of the large ticket credit card processing rates is if level 3 detail is passed. We automate and simplify this entire process.

Merchants interested in learning more about Revolution payments should contact Sean Jones at Sean(at)revolution-payments(dot)com.

Source: Revolution Payments


Categories: Administration and Management

Tags: Large Ticket Credit Card Processing, large ticket interchange rates, Large Ticket Transaction Processing, Level 3 processing

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