We’ve helped more than 1000 Businesses Double Profit Margins w/o changing their rate
September 16, 2017
Revolution Payments offers a proprietary payment solution that automatically updates all B2B & B2G credit card orders to Level 3 interchange rates whether processed online or entered manually on your PC or mobile device.
Sean Jones, President of Revolution Payments explains: “Visa and MasterCard use “interchange fees” to determine how much businesses pay an issuing bank each time a credit card is accepted and amounts to 75%-90% of the fees businesses pay to accept credit cards.”
What the banks and credit card processing companies may not have shared is that for business-to-business and government purchases, the interchange fees fall into one of 3 processing categories – Level 1, Level 2, and Level 3 – with 1 being the highest rates and 3 being the lowest.
Revolution Payments’ offers a proprietary B2B payment solution. For all credit card transactions, whether processed online or entered manually on your PC or mobile, their system automatically attaches details to every transaction that update all credit card orders to Level 3 interchange rates.
On average, this lowers the cost of accepting B2B & B2G credit card transactions on average by 1.0% to 1.5%., with companies seeing as high as $3,000-$11,000 per month in savings.
Merchants could try to manually add the necessary Level 3 processing details to receive level 3 interchange rates, but it’s pretty complex, with over 400 different interchange rates based on industry, method of card acceptance, type of card used, and size of purchase.
The Revolution Payments’ Gateway automates the Level 3 updating of credit card payments – making the complex incredibly simple, with virtually 100% accuracy.