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Win with Level 3 processing Acquire more government and corporate customers while reducing your payment transaction fees 1 Sage Win with Level 3 processing Table of contents Introduction 3 Level 3
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How to fill out level three 3 processing
How to fill out level three 3 processing?
01
Begin by collecting detailed information about the transaction, such as the purchase amount, the date and time of the transaction, and the invoice number.
02
Ensure that the transaction is eligible for level three processing. Typically, level three processing is applicable for business-to-business (B2B) transactions that involve corporate or government purchasing cards.
03
Fill out all the required fields in the level three processing form, which may include the customer's billing address, shipping address, and tax information.
04
Provide detailed line item information for each product or service included in the transaction. This may include the product description, quantity, unit of measure, unit cost, and extended cost.
05
Submit the completed level three processing form along with the transaction details to your payment processing provider. They will handle the rest of the process, including transmitting the information to the card issuer.
Who needs level three 3 processing?
01
Businesses that frequently engage in B2B transactions can benefit from level three processing. This includes manufacturers, wholesalers, suppliers, and vendors.
02
Government agencies that make purchases using procurement or purchasing cards often require level three processing for their vendors.
03
Companies that want to maximize cost savings on credit card processing fees may find level three processing advantageous, as it can qualify for lower interchange rates compared to standard processing.
Overall, level three 3 processing is beneficial for businesses that deal with B2B transactions and want to provide detailed transaction information while potentially reducing processing costs.
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What is level three 3 processing?
Level three processing refers to the detailed reporting of additional line item data in credit card transactions, typically used for B2B or B2G transactions.
Who is required to file level three 3 processing?
Businesses that process large volume B2B or B2G transactions are required to file level three processing.
How to fill out level three 3 processing?
To fill out level three processing, you need to include specific data like invoice number, item details, quantity, unit cost, etc., in addition to the standard transaction information.
What is the purpose of level three 3 processing?
The purpose of level three processing is to provide enhanced transaction data that helps in reducing processing costs and providing detailed reporting for business transactions.
What information must be reported on level three 3 processing?
Information such as line item details, invoice number, item description, quantity, unit cost, and more must be reported on level three processing.
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