What is a Level III Merchant Account
Establishing a Level III merchant account is completely different than establishing a standard retail or MOTO merchant account. Setting up your Level III merchant account correctly will bring tremendous savings to your bottom line by ensuring your business qualifies for the best interchange rates available when accepting commercial or purchasing cards.
How Do I Know if I Need a Level III Account?
- If you accept commercial, corporate purchasing, or GSA purchasing credit cards.
- If you want to avoid tiered pricing plans
- If you want to qualify for the best Interchange rates for both MasterCard and Visa – including Level III and Large Ticket Program - significantly reducing the cost of acceptance from $3,000.00 and up.
What is the Large Ticket Program?
Visa and MasterCard have greatly reduced interchange fees for large Level III commercial, corporate purchasing, and GSA purchasing card transactions. There are various transaction size minimums depending on the card type. The following card types qualify for the program:
- Visa Purchasing Card
- Visa GSA Purchasing Card
- MasterCard Commercial
- MasterCard World Commercial
Level III/Large Ticket Processing Solutions
- Manually enter level III data into our Virtual Terminal on any internet capable PC, or our software solution.
- Swipe your Level III transactions through our software solution by connecting a USB compatible card swipe.
- Optional API integration to send Level III transactions for processing
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