Level 2 and Level 3 Credit Card Processing for Business or Government
SecureGlobalPay offers many different merchant account solutions for those who need processing for business-to-business and government-to-business credit and debit card accounts, including Level 2 and Level 3 Government Purchasing Cards. Credit card processing generally falls into three different categories: Level 1, Level 2, and Level 3. Each level designates how much information is needed in order for a credit card to be processed. Level 1 requires the least amount of information to process credit cards and is used by most retail businesses. Level 2 and Level 3 credit and/or debit card processing is generally for business-to-business and government-to-business processing.
If you qualify for a Level 2 and Level 3 Government Purchasing Cards processing account, we recommend that you call us today. We can offer a customized solution with a much lower interchange rate.
Our team will work one-on-one with you to determine which processing solution will work best for your business.
What Cards can I Accept with SecureGlobalPay’s Business-to-Business or Government-to-Business Merchant Services?
With our business-to-business or government-to-business credit card processing services, you can begin processing payments from all of the major credit card companies and enjoy the most competitive processing rates:
- Corporate Level 2 and Level 3
- Visa®
- MasterCard®
- Debit
- American Express®
- Discover®
- Diners Club®
- EBT
What is Level 2 Credit and/or Debit Card Processing?
A Merchant Service Provider may refer to Level 2 and Level 3 Government Purchasing Cards when setting up a Merchant Account that caters exclusively to business-to-business or government-to-business transactions.
A Level 2 credit and/or debit card processing account typically means that the account processes larger transaction volumes. To be approved for a Level 2 processing account, you are required to collect extra information before a transaction can be processed. This extra information allows for Visa and Mastercard to let SecureGlobalPay offer you a lower interchange rate. Visa and Mastercard assume that sales for Level 2 processing are likely to be legitimate because of the extra information that is collected. In other words, they feel their risk of chargebacks is significantly lower with these accounts and will reward you for being in a lower risk category.
Processing for Level 2 data requires the same hardware/software components for processing as a regular retail account. You will receive a credit card terminal, or a payment gateway that is configured for Level 2 credit/debit card processing.
Information Needed for Level 2 Credit/Debit Card Processing
When submitting customer information for Level 2 processing for either commercial, corporate, business and government purchasing, you will be required to ask for the following information:
- Credit Card Number
- Expiration Date
- Billing Address
- Zip Code
- Invoice number
- Customer Code or PO Number (the four digit number that will appear on the cardholders billing statement so they can track purchases made with a Level 2 card.)
- Sales tax provided separately (If there is no sales tax amount just enter $0. If no amount is entered the merchant will not receive the lower interchange rate.)
What is Level 3 Credit/Debit Card Processing?
Level 3 (or Level III) processing is a slight step up from Level 2. It is for businesses who process credit/debit cards exclusively for business-to-business purchases and government cards.
Many times, Level 3 interchange rates can be up to 1.00% lower than your average retail rate. However, to process Level 3 data, you are required to input more detailed information for each transaction. Additionally, processing Level 3 data can only be done through a customized payment gateway. Please call your SecureGlobalPay representative to get pricing.
Information Needed to Process Level 3 Credit/Debit Cards?
To qualify for Level 2 and Level 3 Government Purchasing Cards processing you will need the following information to complete the transaction:
- Credit Card Number
- Expiration Date
- Billing Address
- Zip Code
- Invoice number
- Freight amount
- Duty amount
- Information about the Product or Service
- Product Quantity
- Item Amount
- Unit of measurement
Services for Level 2 and Level 3 Processing
24/7 Technical Support for B2B Credit Card Processing
Meeting the standards for Level 2 and Level 3 Government Purchasing Cards can be confusing. We have a dedicated support team available to help you meet all the requirements for processing Level 2 and Level 3 payments for corporate, commercial, business and government purchasing cards. We are also available for troubleshooting technical support issues or just to answer any questions that you may have about the processing requirements.
Secure Business-to-Business Credit/Debit Card Processing Solutions
To help protect your business against fraud, we take the security of our processing solutions seriously. Our SecureGlobalPay representatives are PCI certified, and will have the best security options available at your disposal when accepting sensitive client data. Additionally, our representatives receive continuous training to stay up to date with the regulations that the financing industry requires for processing.
Multi-Currency Processing
With Level 2 and Level 3 Government Purchasing Cards, you will want to be sure that you can process business transactions from around the world. SecureGlobalPay offers multi-currency processing (MCP) which allows e-commerce and mail order/telephone order (MOTO) merchants to increase sales internationally by offering prices in foreign currencies, while receiving payments in US dollars.
Your global customers will benefit by being charged the purchase amount in their own currency, while your business is credited in the currency you normally deal with.
Here are some of the benefits:
- Accept credit card transactions in over 60 currencies
- Give international customers added confidence and improve your sales
- Settle directly in US dollars with no special setup at your bank
- Sell Practically Anywhere in the World
- Accept foreign currencies such as the Euro, British pound, Japanese Yen, Canadian dollar and more. You now have access to customers all over the globe. It will make a world of difference to your bottom line.
If you are interested in learning more about our merchant services, software integration, or have any other question regarding credit card processing, give gives us a call or simply click here to sign up for an account today. We look forward to helping you with your business-to-business or government-to-business transactions.
