How to Lower Your B2B Payment Processing Rates

While merchants can’t lower interchange rates because they are set by the issuers and published by card brands like Visa and Mastercard, there are still ways to save money on your B2B processing fees. When accepting business credit cards—corporate, travel, fleet, corporate purchase cards—you can decrease your payment processing rate by providing additional information about the transaction. The card brands offer incentive (lower) rates because the added credit card data helps streamline accounting, audit and control, reconciliation, and procurement.

The below example illustrates how you can pay a lower rate on the exact same transaction simply by including additional data fields. By qualifying for Level II or Level III, the transaction is viewed as more secure and therefore less risky for the buyer. This means that you, as a merchant or seller, are charged a lower interchange rate.

Which data fields are required to qualify for the different processing level rates?

The more data included about the transaction, the more secure it is—costing you less.

If your business accepts corporate or purchase cards your cost savings could start at $10.50 per $1,000 processed, simply by providing Level-3 credit card data. That increases significantly with large ticket transactions.

Still confused about interchange rates or Level-2 or Level-3 credit card data?
Learn more with our B2B Payment Processing 101

Ready to lower your B2B credit card processing costs without the manual data entry?
Check out our B2B payment processing solutions

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